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Trade blotter, just in case someone does not believe I actually took that one. :D

Euro just demonstrated the perfect example of how "Brooks style" entry has predecence over "traditional TA" stuff. Typical case, 5-min 1-2-3 setup long.

No difference, yes. Wisdom is eternal. :D And Brooks himself states in the beginning of "Bar by Bar" that he relies upon classic TA as it's described in Edwards & Magee with the only nuance of paying more attention to individual bars.

I apologize for being too lazy to read the whole thread again, but have one more question to the people who apply ACD to currency markets: What time do you use as "Opening range" when trading currencies? Guess this question often arises, because FX does not have that clear "Open/Close"...

Thank you, Mav. I read probably last 30 pages and all your posts YTD, got a bit lazy to read the whole thread, though. :) You confirmed my thoughts about the ACD. I never had success with purely mechanical systems myself too. As for the term "support/resistance range" I adopted it from M...

Hello everyone. I have read Fisher's "Logical Trader" lately and then stumbled upon this thread. Have a question to everyone successfully employing ACD/Pivot range techniques: Did I understand it correctly, that ACD is not some kind of a mechanical trading system, but rather a set of...

Brooks does not provide mechanical scalping entry/exit signals, which theoretically could lead to liquidity issues, especially in low volume stocks. Instead he gives an overview of price action based discretionary trading, which can be a good framework for a trader to construct her/his...

Many underestimate the value of practice. Everybody agrees one needs thousands of hours of practice to do almost anything well, but think somehow trading should be different. :) I suspect that is "get rich quick" cliche at work. People have false expectations about what trading business...

Yes, absolutely. Other tools such as volume or some indicators can be useful too, but I would hardly be confident in any trade without seeing the price chart.

Short the Euro from today's open. Patience pays off. :D

Pretty egoistic approach to religion/spirituality, isn't it? I would be afraid that would hurt one's karma severely. :D

Pretty typical. When everyone is about to short - market squeezes it out of them. :D And vice versa.

I'll just wait for a daily or even weekly signal. Bad at guessing the future, better at following TA. :p

I only increase size after a positive p&l series of trades, which means margin allows to trade bigger and accordingly - drop size after a negative p&l series of trades. When you trade well, when you are "in the zone", drawdowns are relatively rare, so this is the best time to increase. On...

Isn't the purpose of the business - to minimize risk and maximize profit? And according to this hypothesis covered calls are not always the optimal way to trade or speculate (doesn't matter how you name it).

You are absolutely right about the role of formal education and real life practice. When formal education ends (you are standing with diploma in your hands, your happy parents are making a photo of you et cetera, lol), the real education is only about to start. Because nothing is better than...

Mostly not confident because you didn't do your trading homework well enough. :D

OK for newbies, who are only about to learn what options are and how in general they are used in trading. But not more than that.

"Sometimes", because stress can be a matter of neurotic or other disorder, kind of a "bad habit" to say in normal humans (as opposed to us, shrinks :D ) language. But yes, in most cases, especially applied to trading, stress can be within normal boundaries (subjective term, but everyone...

According to given definitions: a speculator. But I don't find anything scary about that. Maybe I do something wrong? :)