Search results

I saw several price patterns that appeared to produce significant price swings. I decided to analyze the results of every appearance of these patterns and pinpoint contextual clues that improved the chance of a pattern moving at least X ticks in my favor before moving Y ticks against me. I...

Brilliant as usual, emg! Anyone who says there's no such thing as an edge in the market has simply not studied the EMG Magnetic Approach Strategy (MAS). Mas, Senor!

I personally adapted to this crap by trading larger size for smaller targets, which has been working very well.

What happened definitely influences what is going to happen. And because of this, it can be quantified and tested to obtain odds. Favorable odds indicate an edge. The odds apply to a series of qualifying trades, not to any particular trade plucked out of the series of trades. The odds are...

Here's an example of an intraday trading "edge" based on the price footprints of "big money" surrounding a major news release (FOMC, CL/NG inventories, NFP, etc.): If price makes a directional move of at least X on a 5-min chart, then pulls back no more than Y on a 1-min chart, buy or sell a...

I'm familiar with HFT, arbitrage, and programs that recognize and instantly react to price movement off keywords/numbers during news releases. I wasn't clear that my post was in reference to individual retail traders (this thread is about "undercapitalized" traders failing, not what large...

I was wondering the same thing. Even the ES put in a massive two handle breakout of the opening range :D

A chart is a graphic representation (graph) of price movement and volume. From what I've seen, most automated trading programs are based on price and/or volume. What is the difference between a computer placing orders based on values of price/volume and a set of eyes placing orders based...

Click "Your Account", then select "Edit Ignore List".

Counter-trend swing trading was the worst thing I ever did in my trading life. The losses were awful. When news causes a price shock (gap) and price doesn't recover right away, it's likely to continue in the direction of the initial move until a major S/R level is reached. Same applies when...

Can you offer a single TA-based trading plan that fails to work when an objective test (a set of specific rules based on research demonstrating a statistical edge) is applied? If you can't, then I'll conclude there is no such evidence. If you can, please include a description of the...

I'm curious what, specifically, would constitute proof to you that a trader, trading a single futures contract (to ensure there's no average-down opportunity), can in fact be consistently profitable applying one or more of the following standard technical price action concepts: 1. Entering a...

My very first trade ever was profitable. It took a couple days. No. The halfway house had an opening right about the time I was ready to move out of rehab.

I placed an order for another Trend Day, but it appears the market's all out of them :p

:D Seriously, if any money manager looking to milk a possible trend in 2012 entered the market fully diversified at any basic price action long entry trigger (the January signal was long) between January and April 2012, drew their line in the sand to exit on a breach of the 2011 close or...

OMG, that is pure EVIL! :D

1/15 and 12/27 (I don't have the Nov chart) examples you point out are breakouts of key intraday levels. When such a line in the sand is crossed it creates "double pressure" (Volman's term) as one side realizes it's no longer worth defending a level because it's too costly to hold until price...

Of all the things I did on my quest for consistent profitability, there were several that were harmful (such as trading live without a well-researched and tested trading plan). Here are the steps that contributed to consistent profitability, listed in the order they should've been taken...

Tracer, These "Ultra" (leveraged) ETFs are instruments designed for professionals to implement a short term hedge. They are basically very short term instruments. The prospectuses for these instruments makes it clear that they are "designed to achieve their investment objective on a daily...

Ah, don't feel bad, we've all shorted a low tick and bought a high tick :p