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Comm small price to pay for making more money. The whole theory is discussed in J.M. Hurst book. It is much more profitable to jump in and out than ride for the long haul. Plus you are locking in profits and avoiding the stress of paper losses that can end up being real losses. Look at it this...

i disagree MUCH MORE can be made by multiple entries and exits.

ROFLMAO ....well anybody can pick an entry and an exit but that doesn't mean it is a good entry or good exit. How about showing live how you pick entries and exits ..BETTER YET do it shall we say randomly...since the only edge per your theory is risk management..and manage the risk so we can see...

Then why don't you forget charts and indicators ..pull a random price out of a hat and get really rich with just PRM. You don't need charts..indicators..etc. Why do you use them?

Oh good grief...hogwash...

Exactly...it is quite dipstickish to think that risk management is the only edge. It isn't even AN EDGE. It a part of the process but it will not and cannot be the sole reason for being a successful trader. If all one would have to do is to become an expert at prudent risk management then it...

Whatever you do don't listen to comagnum. He just might call you a clown! ROFLMAO

Exactly

Yes, Yes! Yes! Yes! Timing will let you know VERY soon if you are right OR wrong. Hope will keep you in a loser. Greed will keep you in a winner that soon becomes a loser. Bite the bullet. Take the loss. Bite the bullet take the winner. If you have a sound mathematical basis for...

Amen and amen except to last sentence!

Yes, it is a triangle. Does it look like a triangle? Not exactly. But functionally it is a triangle. Compare and contrast it to a good looking symmetrical triangle and then look deeper and observe the principles hidden therein.... maybe you can figure it out??? bye

Here is an example of functionality vs form. Is that which is circled on the chart a triangle?

Whatever. You have no open mind. Your mind is made up. HTF's have little to do with intraday trading except in extreme scalping of one ticks...two ticks...or flash mini crashes by rogue algos but that is what stops are for. For general, day to day trading, on a 5 or 10 minute chart they have...

whatever floats your boat jack but me thinks you have little clue as to price action in the markets and patterns. LOL! Too many want to blame HTF's for their failures at trading. They have actually helped me! Apparently, they have you confused! ROFLO MAYBE you should try again. I have been at...

Thanks. On 12-29 ignore the orange channel lines down. The green lines are the megaphone pattern. I didn't draw it precise which means little to me but one could draw it back a little further on the mouth of the megaphone and pick up the three connecting points on each side. They are there...

Hft could careless about these intraday patterns. They are more concerned with millisecond and scalping a tick or two here there, or pennies here and there, and doing so hundreds and thousands of times a day. They have actually made trading more precise and added liquidity. Using HFT's as an...

Here is another megaphone pattern made on 12-30-2016. Megaphone patterns are tradeable. I hope I have illustrated that clearly. I don't see any comments so I guess no interest... so... adios for now but I do hope someone gets some ideas from these illustrations that came from price action in the...

Here is another megaphone pattern today 12-29-2016 in the ES. For those interested in such things! Good for two legs down and several points.

Little cash is not that big of a deal if you KNOW HOW to daytrade the ES and ARE willing to trade 1 contract with a $50.00 dollars OR max $100.00 stoploss per trade...no if... ands or buts about it. You must be disciplined about it. Must never deviate. If you know what you are doing it is rare...

For several years when i was starting out i daytraded stocks under 1 ..some call them penny stocks ...and I did quite well when i stuck by my plans. Back in the day i could daytrade in and out of a single stock 6 or 7 times same day with a margin account. And trade in and out of others the same...