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Averaging down?? What??:mad::p

Why would a daytrader hold nq or mnq for that much loss? Per contract? That should have been dumped way before reaching that loss amount. Reversed and go with market.

I wake my lazy carcass up. The dear wife jumps up to take her morning medicines to keep her up and about. She puts on the coffee. As it is making I drift in an out. She hollers “you ready for coffee? “ If I am I will mutter “yes.” If not, I may not even answer. Any rate sooner or later I usually...

Thanks!

There are guidelines especially under sections dealing with signs of strength and weakness in the larger contexts (market cycle). And the buying and selling pressures as bars are formed from start to end. And the comparing of one bar with the previous bar or even with two or three bars back...

Of course you are in theory correct. But a trader has to consider losing trades too. I probably worded this wrong. It perhaps should read more like… A scalper needs to make many trades per session if he is trading with a small amount of capital (which is whom I have mostly directed this journal...

The expectation the market has of fed action is useless. What is useful is the reaction the market has to fed action.

You guys must have gobs of trading instruments and tons of indicators to look at and hundreds of informational decisions to make on the snap, along with dim eyes??? I scalp on a 14” Thinkpad laptop and at times with my wife racing down the interstate 70 mph. But I make binary decisions. Yes...

You still have to wait for a settlement date in a cash account to free up your funds to buy more. At least that is the way it used to be when I traded stocks. T2 …..execute on wed settles on Friday. You have to deal with “good faith violations” Screw up X amount of times per year and your...

Here are two alternative ways for #4. Number 4 above in post #41 got you in the second short leg. These two alternative ways get you short in the FIRST leg of the move. The alternative way#2 just gets you in a tad earlier than alternative way #1. Remember the idea is draw a trend line first...

No problemo!

Ok LOL I accept that as a compliment. Usually infamous is used in a negative sense like a bad reputation or known for some bad quality or deed. But I suppose I am so…at least among the gurus. LOL.

Trading is hard and takes a long time to learn to do it really well. It is much easier to explain but harder to implement. It takes a lot of practice. The concepts have to be in accordance with ones personality, tendencies, risk capacity …emotional and otherwise, and ones account size. SIM...

Sorry to hear the “volpri method”is infamous. The way I trade is not so much a method as it is a way of looking at the markets. To be sure, it is chocked full with techniques to be used in each of the phases of the market cycle. What I showed on your chart is one the tactics that can be used...

People love a hero. Someone they can relate and aspire to become. Jesse was raised DIRT POOR farming land filled with rocks. He determined to get out of that life at a young age. He did so GOT OUT …CHANGED HIS LIFE and started in the markets from a HUMBLE position writing prices on the board. He...

@GenZFuturesTrader, You might find the following info useful in helping to pinpoint a turning point or reversal in price. I took a snapshot of your top chart in your post #16. I made annotations on it. All session long price is probing. Looking for areas of more transactions. Bullish and...

Uh oh.

I remember he used to like like to show off his fishing skiff. He seemed to be quite proud of that boat. I remember poking fun of it. I actually kinda liked the dude. He caught so much grief on ET I guess he just swoosh ….scuttled away figuring us to be useless and unredeemable cases?? He might...

Snap, crackle, pop is exactly what every true blood scalper is looking for. He wants to here a crackle (setup bar) see snap (entry bar), enjoy a pop (move in his direction) and grab that rice! I think you are finally getting a handle on scalping and perhaps understanding it a bit more. It is...

As you say speed is very important too. That I see as the "market dynamics." Where price went is important but "how" it went there is nigh about as important as it is getting there. Nevertheless, I use techniques for trading when it looks almost dead and grinding and I use different techniques...