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Study the tactic I posted above and if you have even a "for Dummies" ability to conduct statistical analyses, you'll soon discover the magic of the above relationships. If you already have your magic profitable system, then offer the OP some help or keep it to yourself like all the really...

As I read this and looked at your last trade, I heard the voice of my (informal) mentor who used to post on my journal regularly, "Why are you fighting the trend? Expect continuation!" The third trade was pure bottom-fishing. It was a good entry level (the measured move target based on the...

Looking at that trade, I see an entry where you pretty much chased price. There are two common ways to play breakouts that minimize risk and improve reward: Enter on the break of the level (on your chart that would be the break of the low 2 bars back, which takes price through the micro LTL), or...

You need everything well outlined and then capture as many charts at the hard right edge of the setup as you can, clean ones and sloppy ones, long and short. Study those right edge illustrations until you can feel what happens next more often than not (there will always be failures). Eventually...

I didn't realize it when I posted, but FeetFirst had already posted an exact illustration of where I'd go long.

This is pretty much how I developed my plan. I didn't have replay, but I scrolled back to the start of each day and revealed a bar at a time, taking notes for all sorts of variables and conditions. This was very helpful eventually in convincing me of certain basic concepts that made the...

My plan is about 60 pages with all the illustrations included, so I won’t be sharing that any time soon. I will share the stuff that’s involved in one of my strategies so you get an idea of the amount of work that went into it and how doing it this way absolutely avoids confusion in real time at...

Toucan's post is really similar to what I planned to post for you. (Interestingly, I also settled on 3-min charts when trading stocks, but use the 5-min/1-min combo for futures.) First of all, drawing micro-trendlines on a 1-min chart will cause your head to spin IMHO. I draw the lines on the...

I agree. When you're in a position and you watch the DOM you tend to want to protect any profit that appears. Focusing on the price action on the chart gives you the clarity to see when it's time to lock in some profit or maybe scratch a trade. I hide my P/L on the DOM which, as silly at it...

OMG this is sooo funny!

I don't use NT, but I played with it once to test placing orders directly on the chart instead of on the DOM. When you're preparing to place an order and when you're in a trade are you focused mainly on the chart or are you watching price move on the DOM? The reason I ask is that your trading...

5-min is my main trading chart. It's where I size up my setups and where I get my signals. The main instance where I take my trade signals from a 1-min chart is in a very strong trend (or strong trending move). When entering a trade via a stop order, I place the order 1 tick above or below a...

The close of a bar is required for me to evaluate a setup, but I'm aware of all my key levels in advance of the close so I can quickly calculate the risk:reward. If a 5-min bar closes and it fulfills all the requirements for a first entry I place the order immediately and wait until it's filled...

How do you place your orders? Do you place the orders directly on the chart or do you use a DOM or...?

I do use hinges and I have no problem if price takes off without me on the initial break because I will enter on any 1-min pullback that doesn't violate my R:R criteria.

I look for setups where a 5-pt stop loss can comfortably hold and where an excursion to the next S/R level in line to be tested would provide at least 5 pts. Because I trade in the direction of a defined trend or off the extremes of a defined range, the win rate is pretty high. That said...

As I recall from DB's chat room, I use different names for things than he does. Can you clarify "hinge" for me? I think you're referring to triangle formations? I understand a lot of people here would rather talk about how many cars I trade, but I'm with Ylvis on this: "Never mind the car...

Price support and price resistance are labels for price levels that will very likely be supported or sold. These are places where a level will be defended; however, the defense may or may not succeed. Some common levels that get defended are: > Previous swing highs/swing lows in a range...

You'll feel far more confident once you have a thoroughly tested defined plan. Be careful not to confuse "to my liking" with "works in my favor almost all the time", or you'll be on an eternal quest for the Holy Grail. I still trade off the same signals I discovered over 4 years ago. The core...

I think you'd be recognized as "the beast" :p