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These lines simply act as a framework. The amount of time it takes for price to approach either line in a given time frame is also a factor, because as more time progresses the price level indicated by the line grows nearer (pullbacks to trend lines) or farther (excursions to channel lines)...

ROTFLSHMSFOAIDMT!!! BARON: If you're not paying Surf to post, please do! You can't afford to lose him as long as he keeps posting gems like this. :D

I've heard whites say all blacks look alike. I've heard browns say all whites look alike. And here we have Brother Surf saying that two long-term successful traders look alike. Hmmm... :D

This is my core trading strategy. I haven't had a losing day since the last time I had major connectivity issues and stopped trading early that day.

You've described quite precisely my past year of tactical refinement :cool:

I appreciate your kindness. However, I've already performed extensive statistical analysis and have a fully developed and very precise trading plan that's survived beautifully for over two years through market extremes, bull and bear, as well as frustratingly narrow ranges. For now, I'll...

Here's how I use channels (trend lines and parallel channel lines) 1. In my main trading time frame (5min) I look at the 80-90 price bars leading up to the hard right edge and draw any applicable trend lines and parallel channel lines. If there's no clarity within that view I double (or...

http://www.youtube.com/watch?v=7qcVtEy6G1Q

Whew! Very pleased that your book review demonstrates that you understand what proper technical analysis actually is, and you agree that "a scientifically valid approach to using TA as a trading tool" is available and that these "truths revealed for the first time in a mass market trading...

Pure price action cannot lag price because it is what price is doing right now. Profitable price action trading involves placing orders in advance at levels which one's significant technical analysis of past price action has determined will result in price moving favorably at least X ticks...

Only 5% of traders can learn to master this. Thankfully there are indicators for the other 95% :D

Lucky streak, nothing to do with TA. And if you're on the wrong side of the move that your Price Drivers predict, your bowels are what move (sometimes explosively). Price is definitely the cause. :p Pumpin' this baby again, eh? I'm guessing ET must have a "Dark Pool" level of sponsorship...

Mark Douglas: “There’s no way to know the sequence of wins and losses. If we want to be able to trade our methodology in an effective fashion, to be able to utilize this methodology in a way where we can extract the maximum amount of profit that it makes available to us based on the pattern...

Your takeaway is frightening. If I wanted to be a long term profitable trader and this was my takeaway from that book, I hope someone would convince me to take emg's advice and get an education, with an emphasis on statistics and probability...

I didn't realize at the time of my post the complexity of how I trade. There are much simpler ways to trade technical price action than what I do. Some of what I do is really simple, stuff straight out of a trading book (1-2-3 patterns off key levels such as trend lines or 20EMAs). The chart you...

Being disciplined in the past isn't good enough: on each and every trade you must be disciplined. Forever. Like a drunk in a program you can NEVER slip off the wagon.

Gaps don't mean a thing. Reaction of market participants to gaps is where the money is made.

No. You cant. If a people chosed to by it there account loose mony.