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I leaned that when a trend line breaks, price pulls back to (or toward) it and price then turns back in the direction of the break and makes a lower low/higher high, that is the signal for the end of the previously defined* trend. * Defining a trend requires a bar interval (weekly, daily...

Now THAT would be something to worry about. :eek:

Why is everyone so worried about DB's students? He's not soliciting their money and promising to trade it for a minimum return of X. If DB provided a 1099 or a brokerage statement or live calls all day long, it would not help one single person trade better. I watched a guy generate over $100K...

Where is the stop on your short position so we can calculate the R:R when you close out the trade.

Austin charges for trading education. Putting his name out there via the combine is business promotion. Surf gets paid for blogging/articles/clicks. He doesn't even trade! Putting his name out there via the combine is business promotion. I trade for a living. Putting my income on hold for...

And without a comprehensive grasp of Trading 101, profitable trading will be about as easy as solving calculus problems without the ability to determine which of two numbers is greater.

There's a lot of discussion on ET from people who are confused as to: Why a successful trader would teach someone else their methods. Why someone would help someone else for free. Why a successful trader would charge to mentor someone. Why a successful trader doesn't just keep sizing up and...

I don’t believe there’s ever been a correlation between “testing smart” and acting wisely or rationally. The way you know you're getting advice from people who know what they're talking about is because you take their advice and apply it to math problems and come up with solutions that...

Wowzee-wow-wow... You got someone mentoring here for free and offering a method that can be applied to as little as a week's worth of charts and demonstrate its ability to produce consistent profitability. And it's "Yeah but, why would someone do this for free, and how come his new students...

According to my friend you actually watch him trade live in real time...better than calls. But the point of my post wasn't about guru-ness, it was about how becoming a consistently profitable trader takes a lot of time and hard work, which is why db's students aren't "killing it" yet.

Someone named Trader Ed

A friend of mine recently told me about a mentor he connected with to learn day trading (scalping, specifically). The guy trades live right in front of you every day so you can see what he's doing in real time. He posts his trade logs on his site, has nicely profitable results every day. He has...

I never have days like that now. My trading plan includes strict risk management. Period. If you apply my price action scalping methods to any intraday chart of CL or NQ or ES during regular trading hours, it should be clear that it would be extremely difficult to have losing days unless I a)...

Yeah, that first year of finding and losing the Holy Grail several times was my wake up call to put together a real business plan for trading.

How much funding are you offering traders who accomplish this regularly?

And it was 90-94 at the time he posted his fantasy short 4 minutes after price had already overshot the upper channel resistance line by 2 ticks and the 88.01 high was well over. TJ could clear it all up by posting the screen shot of his time-stamped entry. This would lend more credence to...

It's good to see your awesome result :cool: Everything worked out with your discretionary decision to average in; if the trade didn't turn in your favor as you were averaging, would it have been possible for you to override the strict rules enforced by your system? You don't have to answer...

Yes, every setup fails. I think it was the very next morning after someone here on ET offered to trade their failed setup for my "A1" setup that my first trade was a failed A1 setup. I hardly ever have a day without losing trades.

You mean like this? http://www.elitetrader.com/vb/showthread.php?p=2018030#post2018030 http://www.elitetrader.com/vb/showthread.php?p=2019370#post2019370 http://www.elitetrader.com/vb/showthread.php?p=2194781#post2194781...

I trade mainly during the first 2-3 hours of the pit session. I don't post during that time because as an intraday scalper I avoid distractions. If I've met my minimum goals during that period of time, I take a break and check in here and a couple of the chat rooms to commune with other traders...