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Mistake it wasnt your chart

no wonder you having a hard time trading with all that crap on your chart..LOL.

I never took it that way. An example of how i took that statement is: say i have $300,00O I could play the lotto and get lucky or may play for 40 years and win nothing and lose what I invested or i could choose to put my 300,000 to work making a regular stream of income. To me that is what he...

where?

ROFL...maybe he means 100% of what he actually invest for that week..not 100% of his entire account??? Did you consider that? ...:rolleyes:

And your story? Not all stories are stories. Some are true. :caution: Markets and math are two different things. Markets are more like art. Each day is different. No two days are exactly alike. Math is science and exact. One cannot corner up markets and make them science and exact. Never has...

Great story! Trading is performance based activity full of psychological implications and obstacles to overcome. Those who learn how can "do" it w/o any higher education. You can study to fly an airplane for 15 years but until you actually attempt to fly it all your knowledge is theory...and it...

Good luck trading to you also.

LOL Almost everything you mentioned as necessary ARE in themselves edges. Having an edge simply means to have an advantage. Two traders. One who can effectively implement risk management. One who can't. The former has a skill the latter doesn't. That skill gives him an edge...an advantage...over...

Of course there are edges. Casinos wouldn't be in business if there weren't. When it comes to edges in trading the biggest edge one can develop is the ability to recognize what the institutions (smart money...deep pockets...banks...ad naseum) are doing and determine who is winning..bulls or...

Three factors: probability, reward, risk. Smart money...institutions...etc drive price movement. They know the market trades in a 40% to 60% band of probability. They will be operating within this band. That is, there will be bullish and bearish institutions placing trades within this band...

Institution move the markets. Generally speaking we don't. For instance the ES is more often than not traded via computers algos run by the institutions...banks..hedge funds...hft firms...etc. The institutions are battling each other for big bucks. They could care less about us. our volume is so...

Wh Whatever..floats your boat..or brain...

Yes Yes. Possible. Read and read again and again and then practice and practice. They will be wrong at least 40% of the time. But you only need to be right 50% or 60% of the time to make money.

I second that. High performance activities almost require the implementation of mindfulness. Trading is a high performance activity.

1) definition of ceiling/floor = wherever price stops and forms lines ..horizontal or diagonal 2) Single spike up or down is ceiling or floor? Yes each bar contains support and resistence. 3) two bars..three..bars To draw a line thru? Yes, you can if that is where price is stopping at. 4)...

I think you misunderstood me. I did not say all channels ...triangles are "in support or resistance" rather they all contain support/resistance nevertheless a triangle on a 5 minute chart (which contains support ..resistance) may be within a horizontal support resistance in a bigger time frame.

In general whatever creates a ceiling is resistance. Whatever creates a floor is support. There are several ideas...concepts..imaginations about why or what or how ceilings or floors are created. Some may be valid...some not..That ceiling or that floor can be horizontal or diagonal. For...

Ok