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Jack, I quoted what I've found to be the brilliant gems that I, so far, have personal experience with. Occasionally I feel brief moments of regret that you, Farley, and Brooks don't have interpreters to produce and distribute Cliff Notes so that the essence of your works are easily digested...

I'm an intraday scalper trading CL and ES (10-25 trades daily) using a DOM to place and manage trades. I'm considering switching to trading directly on the chart. I'm looking for feedback from experienced (>3 years) intraday futures scalpers who've traded on a DOM and directly on a chart...

Those differences you refer to are collectively known as "context". Profitable automated systems are programmed to take context into account, just as a profitable discretionary trader does the same. Context is how the market was thinking in the recent and distant past. There's no way to...

You've captured the essence of why so many traders fail. If you're unable to trade a well-researched plan by trading all the setups, you're far better off doing exactly what you suggest above. I was just talking with a fellow trader who is in the learning stage and he mentioned a setup that fit...

The answer is: The trader should continue to trade every valid setup that presents itself because "there is a random distribution of wins and losses that define an edge". Anyone who can accurately "predict" which valid setups will result in winning trades is psychic and will soon be the...

Notes I took from a Mark Douglas interview: “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...

.46 isn't a bad target: pullback to the 60-min 20EMA and also same zone where the previous 60-min LTL that broke would become resistance if the pullback was strong enough.

Ain't that the truth :eek:

You're grounded :D

1. Use ET's Ignore option for anyone who posts negatively without offering any concrete trading information. 2. Know in advance of every trade exactly where you will take a loss and honor that plan. All the best to you! Domestication The impact of other people’s opinions and...

We'll have our days in the sun again. Meantime, I've converted to quite a bit of micro-scalping (.10-.15).

One of my favorite technical price action setups gave me a little nudge. Hopefully my "son" FCX identified it :D

OMG! I bought CL at 93.20 today the same you posted this! Is it some kind of magic, Surf???? :D

I love tests! Here's another one: An aspiring day trader spends 6 months researching price action and comes up with a set of rules that results in a 60% win rate using a risk:reward ratio that ends up 50/50 on average when accounting for commission and slippage. The trader takes the plan...

A basic college degree takes about four years and you'll likely have to work your way from the bottom up to attain a high-paying job, and you may find out that you're unable to accomplish that last part. Learning about trading, researching ideas, developing a trading plan, practicing under...

OMG! Once in a lifetime opp, boys! :D

How can that even be legal? Talk about manipulation opportunities... :eek:

Thank you for your kind words. Bighog, Brooks, and Jack Hershey played a large part in my own progress from confident clueless beginner to consistently profitable trader. Their selfless sharing of knowledge provided incredible resources I used to develop a trading plan that amazes me daily...

Hey crude, slick traders, have a fantastic holiday! I'm outta here till next year! :cool: