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Today I was playing around on the SIM which I at times will do just to sharpen my skills of reading PA. I took several trades that I thought would be instructive concerning some concepts, even though they were taken on a SIM. I am posting the 5 min chart and a two min chart of the same trades...

I have already mentioned some things you can look at however, if you have a mind to look into tape reading then the trend line break is a reaction (pb) so in tape reading you are going to watch the volume on that reaction. Generally: 1) Decreasing volume on reactions (pd’s) favor a resumption...

The dangers of being on the wrong side of long term trading. Have yet to hear of a scalper losing 13.5 billion. Have heard of a scalper making millions.

Recovery? I have yet to see one. In any of the two things. Every thing has only gotten worse. Not better. No recovery where I live!!

A note on my post #1707. In TR’s the general idea is to short near top and cover in the middle or near the bottom of the trading range. And go long near the bottom and exit in the middle or near the top. So there are basically 2 ways of looking at this while looking at the entry and exit...

It is important for a trader who is a scalper and trading PA to have a repertoire of trading techniques in the "tool box", so to speak, so as to have plenty of trading opportunities throughout the session. It is also important as a scalper to maintain a high win rate. Some traders prefer...

The zoom meeting lasted more than an hour so I didn't get to work in the garden. But I did make it to grab 2 more trades near close. I am showing them here on this chart with some comments here in this post. First of all look at the type of day. There are many ways to trade PA. One foundational...

Now I got a zoom meeting and then must work in the garden getting ground prepared for the spring. Tilling in leaves....etc

Here are some trades this morning. Scalping 1 to 4 points. 7 trades. all winners. See if I get greedy and grab them profits I can scalp all day long like this until my brain gets tired. The concepts are: know the market cycle price is in. Use the proper tactics, be greedy, grab those profits...

I imagine you seeing yourself as the guardian of newbie traders. You know it is Padu's journal so he is generally free to post his ideas and concepts or brooks concepts as he understands them. You don't have to contradict everything he says or do your dead level best to irritate. There is a word...

Lol looks like you are the one pissing. Drip drip drip….The solution is quit reading his thread and the dribbling will stop. There are plenty of other threads to dribble on, if you must just dribble.

Nice job explaining the truth. Even a Harvard Economist could understand it! Probably wouldn't agree though.:mad:

Bird sh$t n the eyes. It is a common problem with traders.

I feel the pain….I used to ride broncs in my younger days….

Don’t forget the “moon phenomena” as ON brought up.

Well sort of. Dirt will be left over when planting a fence post on waxing (increasing) towards full moon and post will thus become loose afterwards. However, if planting the post on the waning (decreasing) moon there will not be enough dirt to fill it back up because of exceptional hard...

No he is just making a short story long!

I am already bulky enough LOL. I NEED to debulk!

Unfortunately I am old. And I don’t like it but what can I do about it?

I have always liked scalping. Back when it was fractions I used to scalp stocks 1/16…1/8…1/4..1/2..3/4 over and over. I tried some long term trading of stocks. For the most part a total flop for me. Then people start yelling precious metals. Seems like as soon as I buy the darn stuff goes down...