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I took the first three. The reason I didn't take the 4th one is because I was still holding #3 for a test of the swing low around 8:30 on your chart :D

His exit's with my entry...in Trader Fairy Land :p

Recipe for unhappiness.

Once you have setups you decide to trade, trade every appearance of the setups, realizing that you never know which will win or lose, only that at the end of it all, your positive expectancy plan will pay you. I consider a setup (I have three that I'll call A, B, and C, for example) to be a...

I checked ES at 1833.25 and I shorted. Amazing, not 1 tick of heat on the trade! :D

There's a scientific reason for it. Our beliefs influence our behavior. I mentored a guy who found it almost impossible to believe price would move from where it is at the time of a trade signal/trigger to a reasonable technical level. Although we put on identical trades in terms of entry, he...

So here's a 2nd person choosing trades based on PA which were actual trades for me by my plan. Obviously there's more than randomness here. Mac, if you insist on trading a 1-min chart as your guiding light, master two of Bob Volman's setups. There's very little to think about with Volman...

Through our fear-induced behaviors, we end up attracting that which we fear.

Price action is far from random. dbPhoenix posted a chart indicating "three longs and three shorts" according to his plan. If price is so random why does my plan allow for 5 of those 6 trades? So you want to enter trades after a higher high, retracement, then get in on the continuation. I'm...

I agree, it looks like you were just reacting to price movements instead of trading a plan. Can you describe the trading plan setup description/rule for the entry and exit on each trade? Without describing any entries, exits or anything else, each of my trades today was based on a...

Wait...I think you are NoDoji because I couldn't have said it better myself! Amit, you appear to have a very solid approach to scalping FB using basic price action scalping concepts. Although Brooks book(s) offer us the calculus of price action day trading and make for excellent study, be...

I'm liking the trend days! Also, curious about how this 93.00 key level will play out. If I was a gambling swinger I'd be long LOL!

To me, your stops don't make sense, technically. They're along the path of acceptable adverse excursion instead of at levels where the thesis for the trade becomes suspect.

A wedge is an object with at least one slanting side ending in a sharp edge. :D

FWIW, my personal rule to avoid trading around a flat 20EMA on my main trading chart (5-min) keeps me out of the vast majority (at least 80%) of chop trouble I've encountered.

All my posts were in real time, including all my trades. :confused:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=277421&perpage=10&pagenumber=2

TJ, here's an example of my model setting up a positive R:R trade. My max stop on a CL trade is .15, my minimum profit target is .20, so the R:R is known in advance. Also the 94.83 LTL level called in advance turned out to be the low tick of the price turn leading into my long trade entry...

I've seen no such thing because your models do not appear to allow you or anyone to know in advance where you will enter a position. Prop trading firms and backers want to see an actual model in action, not you posting a trade entry after the fact and never posting the risk end of it (the price...

I was short with you on your trades 1, 3, and 4. Got full target on two of them and a small scalp on trade 4 when price turned back up off the LOD. Regarding trade 2, no problem with that, I've taken those setups many times and taken the small loss. The only reason I skipped this one is...