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Notice the importance of positioning with airspace to the range low, rather than selling an initial break of the range low. Initial breaks of ranges (other than narrow range consolidation in a defined trend) tend to fail.

Stop moved to break even.

sh .06 for test of range

Demand line (previous support) became resistance on the 1-min chart. Price action is still chop/range with a leaning toward a test of the .80 zone.

First demand line breach of the pit session (barring the news spike). Interim range low (.95) defended. Price action favors no side.

I really like this, Ammo :cool: I'm not trading because CL is in the environment I call chop/range. Price is consolidating above the 50% retracement level (96.80-ish) of the pit session range. Price is above the demand line (disregard the news spike down when drawing that line), above a rising...

Daring, can you read or does someone read to you and leave out parts of it? The freaking title of this thread is "Why Profitable Trading Is So Difficult?" The meaning of the word difficult is "needing much effort or skill to accomplish, deal with, or understand". The antonym of the word...

I scratched the 3rd setup I posted after giving it 2 chances (I had somewhere to go) and I was out for almost 4 hours, so I have no idea what I would've done. I'll probably do an analysis of how my rules would apply to the PA during that time. At 10:27 PST I had a short that honored a micro...

At 7:10 PST the trend is still in play. A pure 5-min trader would be buying the break of the 7:15 bar high. A 1-min trader would be buying the 1-min 20EMA or a break of the 7:08 bar high if comfortable with a stop loss below the 7:01 containment bar. You'd either hold for test of the high or...

If you want to attain that dream of profitable trading, learn about price action and build a plan based on environments where the odds of a strong directional price move in your favor is above average. The education is cheap, the work is hard, the mindset may seem insurmountable, but the reward...

When I posted that M.M. target for the last setup were you thinking something along the lines of, “Are you nuts?” You’ve likely been shorting and may even be under water. Now you’re looking at a deeper pullback off the measured move zone and maybe you chased it a little...

Oh, oh, it’s a lower high! I can short here with a 10 tick stop, so it’s a low risk trade! If you’re looking for shorts, that’s what you see. If you’re trading with your friend, the trend, you see triangle consolidation at highs and the chance to get long with the...

I left the training wheels on this one (the pre-market shallow trend line resistance that commonly acts as support following a breakout). The wide green bar at 7:02 is a price containment bar and as long as the low of that bar acts as support, there’s no reason to exit a long or initiate a...

The most profitable price action environments (defined trends and defined ranges) are the most difficult to trade. Trading education companies, authors, web sites with free information, and experienced profitable traders all provide instruction for how to profit from these environments. Someone...

That would be about right for an experienced CL scalper. I don't disclose exactly how I trade; I simply share the price action concepts behind how I trade. I can think several effective ways my top with-trend setup can be traded and Bob Volman's book describes it similarly with many examples...

Right, the context is more important than the pattern itself. My favorite trend following setup is what I call the 1-min continuation, most similar to Volman's First Break and Second Break. Now the pattern itself appears all over the place, but it's important to trade it in a strong trend or a...

I don't now what the average is, because it varies so much from day to day. I do know that 20-30 ticks would be a very weak day (narrow range choppy days) and trend days tend to produce 150 ticks or more.

The box you drew in red makes no sense because no trend has yet asserted itself. I see a low to the left that hasn't even been tested yet. Volman's all about trading in the direction of a defined trend. The second box makes sense because price is now clearly trending down and broke out of that...

I can hardly wait for the party EMG will be hosting at Volente's when 1750.25 trades :cool:

Please don't make fun of the resident trailer trash intellectual :p:p:p