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That is horrible. He stayed in a position too long, averaged down too many times, while out of sync for the session.

No it is not martingale even though they may be kissing cousins, however, I may do some martingaling in some situations when I want out of a position, I mean like yesterday, not 1 hour from the moment. Martingaling really brings the BE closer for quick exit. For instance, 3 averaged down...

LOL Maybe your broker is dining at BK and mine at Texas de Brazil?

I know it sounds ass backwards but I use the two different techniques of: 1) averaging down to increase probability 2) doubling up as techniques to INCREASE the probability of the trade resulting in a successful trade and getting my loss back quickly. 3) To get me out of a previous loss as...

And having the flexibility to jump from one to the other side faster than Jack can slide down the bean stalk.

Trying to get one of my accounts straightened out on commissions. The clearing was bought out my another clearing firm and somebody really screwed up on commission charges big time and they are fixing it one customer at a time. As concerns larger ranging days I would trade looking to swing 1...

I don’t trade daily TF but I would be looking at 4 things to help me determine if the trend down after the break of the bull trendline, will continue down or is it just a PB momentarily, i.e. a pause that will likely be followed by a resumption of the previous bull trend. 1) The steepness of...

It is a pain getting old. I don't like one tiny bit. I have one friend he got his entire prostrate cut out. Now he is ruined. No play time. Catch my drift? I have another friend who told me the other day to get it cut out as at our age we don't need it any more. My wife was immediately...

Yep i declined! Now they gonna do the MRI instead.

Have you had any noticeable results yet from the pygeum bark extract? The urologist wanted to take a biopsy (where they shoot needles through ones colon about 12 to 14 times hit the prostrate and grab samples. I declined the procedure. So now they are going to do an MRI and see if they see any...

Just to clarify. The charts in my post #1681 and #1683 are 24 hour charts. It doesn’t show the gap up open. The chart in my post #1685 is the RTH’s chart 5m and it show the opening gap. All charts show the same PA and both show the same trades taken. The latter one (RTH’s) I use to explain my...

The key is to not let your drawdown go beyond the point where, your premise for taking the trade in the first place, is prove to be invalid. Then if the market proves you are on the wrong side by invalidating your premise then in my case if that happens to me the way I solve that is reverse (to...

:D

I don’t know the answer to your question. I can’t look at the time axis at bottom and on this particular chart see a way to trade and average down as I have no conception of exactly what the bar is representing. I see how maybe TR behavior might could be traded. There might be a way to adapt but...

Yes that is the basic concept. PB’s are traded differently. You want to make sure you are in substantial Trading range even though a PB could be called a very small TR.

Boy that is a good question. I have never traded unirenko charts. I am not sure how they work. I do see a trading range after that big push down from there to the end of your chart. I suppose that could be traded with TR tactics as it shows as as a range. Draw range in and fade outer limits...

For the benefit of those wondering, if there be any; why did I exit those three longs in the circle with a loss and why did I averaged down in the first place. First lets look at the open. We got a gap up open. The first bar closes as a bear doji. Remember a doji is a one bar trading range...

It was a total off 9 trades. 6 in A.M. and 3 in P.M. 8 winners. One loss. See the double-up and reverse direction to short gets my previous loss back and gets me back in profit on a much smaller move (in distance traveled) that happened when the loss took place. That way I am not fighting the...

This should explain.

Nine scalps today, when I had time to do them. Could not trade the entire session. 8 winners. 1 loss. A scalper needs to maintain a high win rate. IMO. I could not trade from around 9:00 a.m. till 13:10 as had other things to attend too but there were plenty of opportunity to trade during that...