Search results

My experience is the opposite. If I avoided every swing trade I ever did (and they were almost all profitable the first couple months because every buyer looks like a genius in a bull market), I'd have saved myself a boatload of money. It's all about experience, though. With almost 6 years of...

Good for you, jinx! The ability to seamlessly switch from short to long is a big plus for short term traders :D :p :D

Why do you think it was some big fund instead of stop orders of a whole bunch of bottom pickers and with-trend breakout traders getting triggered when price broke through a key support level? The second selloff was also a textbook technical setup for a measured move. Pre-market range high...

In this chop. are you kidding? :p I'm calling it a week!

I did the exact same trade, lol!

All right, failed to break the range. Screaming...range. :D

Technically speaking the LOD is just a few ticks overshoot of a multiday lower channel line on the 60-min chart. Screaming buy...

A lot of very profitable intraday strategies require a high level of volatility and in the past couple of years you're not getting nearly as much of that on an intraday basis. I'm guessing a lot of traders dependent on market conditions try to manufacture something out of nothing instead of...

...it's a screaming "BUY" :p :p

Did anyone catch this massive late day move???

About five years ago you told me I needed at least 6 monitors to trade, preferably 8. Did your trading strategy require you to adjust to changing market conditions? :D

Hee hee...next we'll hear how robust methodologies that work as you describe are like unicorn sightings. :p

Hmmm...looks like somebody skipped Step 15 :D

I can definitely see the danger there. It's a gambler's fallacy, pure superstition, as if the distribution of the wins and losses that defines an edge has intention based on past results :eek: Who knows, maybe there are methods of using it successfully, but I've spent too much time learning...

You began this thread asking, "If one were to know whether the other side is a long closing a winning, flat or a losing trade (3 cases here), and in the case of shorts opening a new trade would this information help in building an edge?" To which I replied it would be of no use to me as a...

That's pretty much what I did: http://www.elitetrader.com/vb/showthread.php?s=&threadid=237799&perpage=10&pagenumber=1 I wish I'd come across this when it was posted (I was just starting out): http://www.traderslaboratory.com/forums/wyckoff-forum/15535-developing-plan-trading-journal.html

If price action evolved in such a way that my entry into a long position was to place a buy stop 1 tick above the last high, and I could see how many buy orders and how many sell orders were sitting at the price where my buy stop order was sitting, and I could see how many of the buy orders were...

This will help you keep track of currency-moving events: http://www.forexfactory.com/calendar.php :cool:

I have no idea if I buy from losing traders, or if buy from traders being stopped out of a short position at a loss, or if I buy from someone who thinks this particular breakout is going to fail and they use the liquidity of a stop cluster to exit a profitable long position because of what they...

At first I thought the problem might be that you "usually start about 45 minutes after the open" and that your trading is interrupted by work. I assumed you had some sort of plan that you developed as a result of testing ideas and finding positive expectancy, and that's why I suggested that you...