Search results

Newbie alert: Pay attention to this trader :cool:

Interestingly, I've found that price tends to pull back from "pre-magnet level" (10 ticks in CL, not sure what is equivalent in ES) and shake out everyone who got in there, afraid of missing the blow off move. Once that's done, shorts are sucked in and the real move then transpires.

The real danger comes when something just seems to work again and again and again and we decide there's no need for risk management. That was my undoing following an amazing run of beginner's luck.

There’s a problem solving method that elementary school children often use called “Guess & Check”. It involves making an educated guess based on what is observed or known, then applying the guessed answer to the problem to see if it checks out. This can be a useful method of putting a...

Yes, you can trade 1335 cars during RTH with almost no slippage. :cool:

I'm referring to this week's action only, from Sunday's open through today's close. There are no short signals for those trading longer term swings (multiple weeks or months) because the long term outlook is a well-defined uptrend.

FWIW, the size of the downswings were equal to or greater than the upswings this week. The bears who shorted off the double top zone haven't been hurt.

Look at where price stopped, 1943.75...that's where the price turn off the lows "confirmed" prior to the open (9:20 ET bar high). This is a really common defense level. I talked about it a while back in Volente's chat room. This pattern occurs on the 1-min and 5-min charts with uncanny regularity.

Hi J, I adapted to the significantly lower volatility by taking smaller profits, so the net result isn't that bad. I really have become a scalper. Whereas before I would look for min profit of .20 on a trade, I now look for less, but get more targets, so it's OK. Nothing like a few years ago...

If you trade basic price action, it doesn't matter much because the concepts (trend, strong trend, range, consolidation, etc.) translate from swing to intraday and vice versa. What makes intraday so tricky is that you have to be able to trade all valid setups during your chosen time window and...

I dropped by to see what everyone was up to. I trade CL, ES, NQ, using the same Brooks-style PA stuff for anything I'm trading. ES consolidating in a nice little range in an uptrend late today, figured it could break out. Still mainly trade CL, lots of scalping now in the ultra low volatility...

It's "The Zone" you're reaching for, where you know the rules, see the setup, calculate the R:R, then simply act instead of thinking. There's a saying "If it walks like a duck, quacks like a duck, looks like a duck, it must be a duck." As applied to trading, I modify the ending a bit...

Well, heck, it was a range, I was looking for the last minute upside breakout. I knew I shoulda tooka 6 ticks!:p

+4 ticks Go USA :cool:

If you can keep up your post count, you will indeed be Legend! :D (L 48.25, BTW)

One of the best things I've seen posted on ET :cool:

Ignore it at your own risk; this thread describes a Holy Grail of intraday price action scalping, including several hard right edge illustrations of the setup, the signal, and the entry method. :cool:

That would be scalpers and HFTs, and as far as I know neither of those techniques is used by fund managers who have to put millions and billions of dollars to work. No, this is a search for the likes of Price Drivers!

I believe at the very least we'll see the following ET-ers on his list: MarketSurfer, based on his Price Drivers (an edge so powerful he had to leave ET lest it fall into sinister hands) Tradingjournals, based on his models (who, astoundingly, can nail minor swing highs and lows less than...