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They didn't cure cancer; the compared treatment with their trial drug to a placebo (no drug) and their drug group had significantly better disease-free survival after 1 year than the placebo group. This is typical operating procedure for drug companies trying to get approval for a drug that will...

I look to take profit at the next key price level in line to be defended. If price slices right through that level, I'll hold for more, but if price stalls there, I take my base profit there. I only put on a trade when that particular key level is far enough from the entry price to potentially...

I believe the credit for this goes to Redneck :cool:

You're just jealous because you don't have that live feed that allows you to see who's buying and selling so you can buy lows and sell highs. How many lows did you buy today??? Huh??? Heck I started buying the lows in the middle of the night in CL and bought all the way down to 102.40...

This was a life saver for me. I mean, like, back when I'd get an edge and then a couple months later it would dry up and I'd lose everything, I had no idea who was buying and selling. But once I got that live feed from the exchange, I'd be ready to place my order when a trade was signaled and as...

Look at the PA between 10:06 and 10:18, specifically the highs of the 10:07, 10:15, and 10:17 bars, which I call the "trough" levels. Now look at where price pulled back to during the 10:32 bar (same price level). That pullback shakes out all the nervous longs and baits reactive traders to...

It's easy enough to chart the TA framework, and quite time-consuming to do the statistical analysis necessary to develop a trading plan. What sucks isn't the TA; it's the majority's inability to follow the rules necessary to achieve the positive results that the stats reveal. A quick look at...

Is this "consensus" available for the rest of us to peruse? Seems to me that nearly every trader I've met who makes consistent good money looks at charts and conducts some sort of technical analysis (I'm referring to people whose live calls I observed for at least several months)...

If you wrote a book explaining how you spent 8 months trading unsuccessfully and then suddenly woke up the morning of Month 9 and accomplished the above, it would be a best-seller. I wish I'd had it so easy :eek:

It's a Random Walk.

Yes, still trading the same price action method I learned between 2009 and 2010 and it still produces a decent profit :)

My post was made jokingly. A correction is considered a 10% pullback; a strong correction is as much as 20%; a bear market is generally labeled when a pullback is beyond 20%. Bear markets come out of recessions or serious credit crises. At some point there will be both a correction and a...

You see that period between 1950 and 1984 on this chart: http://stockcharts.com/freecharts/historical/djia1900.html We're around 1984 now. Expect a measured measured move up :p:p:p http://www.elitetrader.com/vb/showthread.php?t=85694&page=513

I detected some obvious BS on the P/L thread, pls make it stop!

Yes, standard price action occurs the majority of the time. Non-standard price action occurs in the minutes surrounding significant news events (such as the Wed inventory report in CL). Non-standard price action is based on algos reacting to key words in the report. Once those reactions are over...

I wrote "...seem to be insinuating..." I'll put on my Bill Clinton hat for a moment and define my phrase: seem (sēm)/ verb: give the impression or sensation of being something or having a particular quality. insinuate (in-ˈsin-yə-ˌwāt) / verb: to say (something, especially...

Chart 4 has a volume profile that "makes sense" according to the price action shown.

So what you seem to be insinuating is that the big fish trade in a way that forms the same sorts of price footprints on a 1-min chart over and over again day after day (for at least the 4 years I've been trading energy futures) until they see Adrian start trading and then they all shake it up...

After months of work and trial and error, I discovered that the only way to automate my system was to develop a label for each discrete bit of price action, then apply rules based on scenarios under certain conditions (filters). By the time I finished all the labels, I realized that I'd pretty...

I read this book and it's excellent for traders. The recommendation to focus on everything you do right instead of everything you do wrong is priceless :cool: