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I've found that despite placing my stops at the most obvious levels on every trade, I'm only stopped out near the high/low tick of a price turn a tiny % of the time. Anyone unfamiliar with how to identify and trade ranges and chop zones properly will find themselves constantly stopped out this way.

I'd love to connect with TJ on Skype and hear him make advance trade calls based on his models with max stop loss and minimum target at the time of the order placement. I did that in ET's chat room for months and I did it a couple years later with a Skype group for about 7 months all day long :cool:

Since developing a system that works, I've posted many real time trades (entries and exits) to demonstrate specific price action setups I use and my thought processes behind the trades (as recently as a few days ago, in fact), and often include charts for visual illustration. I also kept my...

Hmmm...what I do works pretty darn good. Would starting a journal and posting entries and exits in real time make it work better? Seems I might get distracted. I used to post all my trades in chat rooms, but found that as an intraday scalper of (what used to be) a volatile instrument, I do much...

I understand that anyone can expect a lot of stops to be within a few ticks of key levels (range extremes, round numbers, triangle shelves/floors, etc.) but I'm more interested in knowing if any entity knows exactly how many stops at a given price will initiate a new position and how many will...

Ammo, with regard to futures contracts, who (exchanges, brokers, market makers?) can see stop orders (all we can see is some levels of visible limit orders) and, most importantly, can anyone tell how many of the stop orders at a price level are initiating orders (new positions) vs. offsetting...

Their performance may not catch up, but at least their portfolios will have the right ingredients in them :p

What's been imprinted on your psyche is 1) the relief you feel when your early exit saves you from a loss 20% of the time, and 2) the relief you feel when you extract some money from the market and are now free from that "mental torture". So your bad habits have been associated with...

For me, developing a consistently profitable trading plan was based purely on probabilities of price movements within price action environments that, historically, have repeated again and again (strong trend, channeling trend, wide range, narrow range). The fact is: 95% of aspiring traders don't...

Mav, you gotta love that ZERO RISK in the SP500 sim account! :D

I do agree that when trading a well-defined trend, it really does feel like the market is just throwing money my way :p

I thought that was a pretty basic feature of any charting package; you sure Ninja can't do that??

If you're short, we're consolidating near highs in a strong uptrend. Don't lose sight of that.

End the day where price tells you this trade thesis no longer has a reasonable R:R for your plan.

Often I use a fixed target (limit order) placed in advance if a reasonable technical level is around that price. But in a well-defined trending move, I generally watch the reaction and decide to hold for more or lock in 20 ticks. The earlier long trade from .54, I watched price break the HOD and...

If you're too late to the party during well-defined trends, then you must be waiting for galaxies to align before heading to the party. :D

Sometimes if a move is really strong and blows through my minimum profit target level, I'll trail for more, but in the price action environment we've had lately, I tend to just try and get 20 ticks, sometimes less if there's not enough airspace from my entry to the next key level. If the market...

These mid 90's are key levels on the daily chart: Swing high zone from 12/11 and previous support (which tends to act as resistance) from 9/30 swing low zone.

Here's a 1-min chart of the long setup. The upper line is the 60-min upper channel line and the lower line is the 5-min upper trend line drawn across the 9:30 and 10:20 highs (ET). These lines automatically transfer to all three of the time frames I use (5-min main, 60-min for key levels, 1-min...