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  1. mikeriley

    POST Some CHART Images in THUMBNAIL Format Right Here, Baby.

    Sharing one of the patterns I use for NQ. I call this NLR + Next Bar (NLR stands for New Level Reversal) This pattern works well right after NQ makes a new price level. This pattern consist of two 30 minute Bars. 1st Bar is called NLR (Price makes new level then reverses) 2nd Bar is the Next...
  2. mikeriley

    New Video--The psychology of risk

    Appreciate your response. I agree with your assessment that working with a qualified individual is essential. Wishing you well in your business.
  3. mikeriley

    How to trade anonymously.

    Use family or friend you can trust and trade through their brokerage account. (Politicians and company officers have been doing it for years)
  4. mikeriley

    New Video--The psychology of risk

    I'm grateful I experienced the benefits of a trading coach. Ms Wylan I'm at a loss to understand your statement above. Psychology is an intellectual pursuit for those who seek a bachelors or masters degree in psychology. In my understand you can't divorce intellect from psychology, as the very...
  5. mikeriley

    POST Some CHART Images in THUMBNAIL Format Right Here, Baby.

    Those marks on the candle sticks are Quarter % areas of the candlestick 1/4 1/2 3/4 (25% 50% 75%) I use it for one of my trading methods for pullbacks.
  6. mikeriley

    POST Some CHART Images in THUMBNAIL Format Right Here, Baby.

    Thanks easymon1:thumbsup:
  7. mikeriley

    POST Some CHART Images in THUMBNAIL Format Right Here, Baby.

    These are money making ideas for the willing. My rational and thought process when I see this occurring. #1 Depending on where price is at in relation to consistent level. #2 I'll use that level as a profit target #3 Estimate possible reversal level #4 Use a price level gauge to estimate when...
  8. mikeriley

    POST Some CHART Images in THUMBNAIL Format Right Here, Baby.

    Thus far this week NQ keeps bounces off the 12373 price level.
  9. mikeriley

    Mikhail Gorbachev, last Soviet leader, dies at age 91

    Spent 2 years in Germany before the wall came down. I can still remember Reagans demand. "Mr. Gorbachev, tear down this wall"
  10. mikeriley

    Community effort to make bank after the coming "big smashola"?

    Appears to be a good plan. Just look out for those algo's, I suspect the programmers use historical behavioral dynamics. It sure seems like they can read my mind sometimes.
  11. mikeriley

    Community effort to make bank after the coming "big smashola"?

    I wish I could say the same, but I cant. I got raped trading BNB and NOK back in the day. One of the reasons I stay away from backtesting today.
  12. mikeriley

    Community effort to make bank after the coming "big smashola"?

    hey bro, I have not traded any stocks in 3 months! And yes, you are absolutely correct concerning NQ..it's the BOMB. I better be humble lest I get some bad juju.:)
  13. mikeriley

    Community effort to make bank after the coming "big smashola"?

    Holds my head in deep shame.:(
  14. mikeriley

    Community effort to make bank after the coming "big smashola"?

    Just stick with what's moving. How far did Nasdaq, S&P and Dow futures move today? Ignore this if you don't short instruments.
  15. mikeriley

    Would you trust an online backtesting tool to build strategies ?

    At the end of the day the only thing that matters in Trading/investing is if the backtesting earns profit. I never made a dime from backtesting strategies and then trying them on a live account. But forward testing in sim mode prior to live trading now earns me a decent income. Yup..it's hard...
  16. mikeriley

    Trading Costs Across Brokers

    Unless a trader has similar trading goals, risk management strategies, mindset, experience and a host of other trading specific dynamics it would be veritably impossible to replicate the authors results. A better way to make that determination is test your strategy in sim mode. If your time...
  17. mikeriley

    SPX 2008 vs 2022

    My screen told me today I picked up 233 ticks. That's my only concern and objective.:D
  18. mikeriley

    SPX 2008 vs 2022

    I appreciate your perspective. When it comes to the markets I try to keep an unbiased rational focus and just trade what I see on my screen.
  19. mikeriley

    PTON wtf

    I'm not sure, it's possible. Buying at the bottom never works for me. If price started going up and hit 25ish I'd buy it.
  20. mikeriley

    PTON wtf

    That was fast, it's already back up to 13.48 This time last year it was over 100. Good luck bottom fishing.:thumbsup:
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