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    Michael J Parsons -- Author of Channel Surfing/Balance Dynamics/Reversal Dynamics

    Lol. No need to get into any deeper discussion of epistemology. My point is for all our thinking objectivity vs subjectivity the picture is not so clear. How many times has science declared something to be so and a fact and later had to change it's opinion? In trading we often "think" our...
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    If Technical Analysis doesn’t work, how do you define a bull market?

    Most all trends are composed of two things. A BO and a Channel. These then are more often than not followed by a TR or some sort trading range price action. Different trading techniques are used for BO’s…. for channels….for TR. The one key thing is inertia. The tendency of the market to keep...
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    If Technical Analysis doesn’t work, how do you define a bull market?

    Lol All trading is objectivity combined with subjectivity. It cannot be any other way. Key words for subjectivity: “interpretation” “belief” “feeling” “my observation” “my experience” “my opinion” “my perception” Keys words for objectivity: “facts” “reality” “it is” “scientific” “absence of...
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    Michael J Parsons -- Author of Channel Surfing/Balance Dynamics/Reversal Dynamics

    There is no such creature as non-subjective trading. We may think we are but we ain’t. Algo’s and the whole lot of trading ideas and concepts are built upon subjective ideas. Things we observe and things we interpret. HFT’s (70%) of computer trading = subjective. Algo’s …automation…all built via...
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    Risk Management is the answer

    In short averaging down is the process of adding to a position as it goes counter to your original position. I often refer to it as averaging down regardless of if it is done on a short trade or a long trade. However, technically averaging down is the correct terminology when adding more longs...
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    Thomas Hoenig, Fed Reserve Dissenter

    What are they? OTC? You sure?
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Your welcome. Hope it helps to better understand scalping.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Well I finally got around to making this post I mentioned earlier. Dad and Mom head back home later this morning. We had a good Christmas. Hope all of you did too. So now to Wednesday December 22, 2021 trades. I want to look at some trades in MES made Wednesday December 22, 2021. I will show...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    I have some interesting charts to show from trading today's price action. Hopefully, I can explain some good concepts and also show some trading mistakes that a scalper needs to avoid. I think it will be a good teaching opportunity. Maybe. Dad and Mom just arrived moments ago from out of town...
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    Jim Crammer's got Covid and he wants to buy stocks now at the dip

    There are such treatments But not sufficient $$$$ in them IMO.
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    Cathie Wood's fund is losing money and this is how she describes the loss

    She didn’t grab them Robinhood profits when her initial investment more than doubled. As I say “grab” what the market gives you. Be greedy not hopeful or wishful. One can always go back in should a trend start up again. Goes for investors as well as traders. Especially short term intraday...
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    Cathie Wood's fund is losing money and this is how she describes the loss

    Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited. — George Soros
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    Cathie Wood's fund is losing money and this is how she describes the loss

    “Deep value territory”………me thinks synonymous with horrendous drawdowns. “We will not let benchmarks and tracking errors hold our strategies hostage to the existing world order” “creative destruction” “disruptive innovations” GOOD GRIEF!
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Neither 1 nor 2. Averaging down is a losing strategy if one is doing it to avoid a loss. Why? It may work then it won’t work and if one keeps adding the losses can mount. To even consider averaging down there has to be a logical reason to do so. Look at the chart below: When price is in a TR...
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    Days I hate..

    Why would I want to trade each day the same? Some days are volatile. Some grinding. Some spike and channel. Some TR days. I use different techniques for different PA’s. IMO it does indeed matter if one is right or wrong. Wrong NEVER makes money but ALWAYS loses money.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    I have downplayed volume in this thread. Why? I find it isn't necessary for scalping the way I like to scalp. However, that does not in any way, on my part, express any sort of disdain for volume. VOLPRI...you guessed it stands for Volume and Price. Hithertofore, I have focused on Price Action...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    This is one reason why I prefer being a discretionary trader. Further, "a computer with the same memory and processing power as the human brain would require around 1 gigawatt of power, or 'basically a whole nuclear power station to run one computer that does what our 'computer' does with 20...
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    Aggressive break even move or let the price fluctuate ?

    Grab them profits.
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    You will never blow your account again.

    I don't recall ever blowing any of my futures accounts the first time..LOL But I suppose like they say "there is always a first time" and "every dog has his day"
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    Why doesn't Al Brooks use volume analysis concepts?

    What is the more productive way?
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