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I use the classic patterns for locating roadworthy vehicles, vehicles that are more likely than not to get me where I want to go. I use the environment in my time frame (intraday pit session) as a roadmap for determining if there's a place worth going and if my vehicle is more likely than not...

Hi ACUK, The reason this breakout failed is because neither of the two environments for successful breakouts was in play on this chart. Successful breakouts (a significant price move in the same direction as, and equal to or greater than, the previous significant price move) most often work in...

I automated a certain setup and the system lets it run way beyond what I ever did.

Who needs a blotter? I got an 8-figure account just like you!

Wait! I think it's still ticking! :confused:

I hope you don't mind if I share one more set of breakout/pullback setups. This is a favorite of mine when using the 1-min chart to pinpoint my entries. The first one is pretty clean because the strong overnight downtrend has resumed by the open and there's plenty of room (airspace) for price...

Clearly you've got a rare gift unavailable to most. Ensuring that the edge is dark but the support is transparent is crucial to sharing your P&L without revealing your edge. With regard to the phrase "avg down": The professionals use the phrase "price improvement". Other than that, looks...

Photoshopped! Let's see some real proof!

Ah, Grasshopper, you forget one important thing: I am a GURU!

I stand by every one of those quotes. Price action edges are all over the place. Developing a profitable trading method around them and being able to then trade the method (or automate it) is difficult. People's opinions about me, my methods, my alleged guru-ness, my motives, etc. are...

About a week and a half ago I asked: "Pinkman, you're pretty new here and have been demonstrating for quite some time a technical price action concept I adhere to: "There is no bad entry in a strong trend." You're more of a swing trader and you seem to be applying that concept to the...

I've provided this stuff all over the place, but the hard right edge illustrations are as I posted here recently: And the beginning of this thread: http://www.elitetrader.com/vb/showthread.php?t=281746

http://www.youtube.com/watch?v=IjVatNQr-GM It's all in the handling :D

I consider A late to the party, but that is a fine continuation setup if you didn't catch the first break 4 bars after the initial LTL break at my #4. That little pause at your A doesn't even qualify as a pullback except on a 15-second chart. There are simply no buyers. I can relate totally...

If the 1-min chart was my main trading chart, I wouldn’t look at any smaller bar interval unless I was a micro-scalper. I once tried using a micro chart with CL years ago and it distracted me from the bigger (and clearer) picture. Here’s how I use trend lines to watch for the market to...

The medical industry is the third leading cause of death in the U.S. Q. You know what they call the guy who graduates last in his class at medical school? A. Doctor http://www.forbes.com/sites/leahbinder/2013/09/23/stunning-news-on-preventable-deaths-in-hospitals/ At least in the...

Neke, I was net profitable from December of 2008 onward. My "breakthru" was an understanding of why the trend is your friend and why it makes sense to buy strength and sell weakness, plus an understanding of just how to do that, all thanks to Redneck, Al Brooks, Bighog, Austin, and Geez. A lot...

Really? I began posting my P/L every trading day in July 2008 and posted daily through May 2010, which probably adds up to more than 400 blotters. I don't recall seeing your posts back then. You must've been posting under a different name.

Price improvement!!!

That's sweet of you, Scaley, but you KNOW you're consistently profitable because you use PRICE DRIVERS!!! Stop with this TA bullsh*t, giving false hope to the masses, jeez!