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Yeah, same here. I have a 4-plex and I now have my DOM and the charts I use on a single monitor. :p

I apologize to Mag for getting snippy. I spent the day sim trading a very old idea because I thought the vol had gone to crap for the rest of the year and had one of my best days in weeks. I was in a perfect state of mind to absorb all the bits of grumpiness around me. I've a whole banana split...

Notice how the words... "How to know whether price would overshoot or undershoot?" ...when contemplated from left to right and congregated into something known as a "concept", deal with the concept of uncertainty, not deviation. However, based on your delightful manner, I can see how...

Why do people who don't have a clue about trading become members of Elite Trader? Join us at the ice cream shoppe. I'll buy you a triple cone and I'll bring my "Probabilities for Dummies" book.

Tonk, these guys are grumpy. Let's go ride our bikes to the ice cream shoppe :cool:

I made a radical assumption that since the question was about overshooting/undershooting S/R levels, the OP was possibly considering putting on and/or taking off trades around S/R levels. By finding patterns that trigger the OP's desired reaction around S/R levels more often than not, the OP...

http://robertwhitaker.org/robertwhitaker.org/Anatomy%20of%20an%20Epidemic.html

Oh, one more thing: Once you select the patterns to trade off of, take screen shots of all variations of them at the hard right edge of the chart and tape them to your wall until you've traded them a lot, because the patterns look a bit different in real time then they do in the trading books...

The need for certainty is an immediate disqualifier, IMHO. If you're a perfectionist, or crave certainty, you may as well feed all your money to your dog or cat, because you'll have a lot less sh*t to deal with than if you attempt to trade for a living.

Homework (to be done on 50 occurrences of the setup in your trading time frame): 1. Choose an S/R level (trend line, parallel channel line, previous horizontal S/R, moving average). 2. On smaller time frame chart (such as 1-min chart for 5-min traders, or an hourly chart for very short...

That absolutely does not work. Back on June 26th, 1a2b3cppp posted an absolutely brilliant description of the path of the aspiring trader: http://www.elitetrader.com/vb/showthread.php?s=&postid=3560117&highlight=losing#post3560117 I believe I experienced everything on that path except...

:confused: OK, I think you meant 87.82?

Pure T/A, day trading and swing trading. If I really have a fundamental opinion about a stock that I want to swing trade and the technical price action conflicts with the fundamentals, I'll just day trade the stock until the T/A lines up with my opinion. Fundamentally, AAPL's a buy and AMZN's...

Does anyone remember CL in the before time, the long, long ago, back when it would sometimes move a whole point in a minute or two?

If you traded the POS p/a really expertly today, you could afford a fine salami :p

It's not your thinking, it's POS p/a :confused:

Hmmm...I have a home theatre already, but not sure I'm ready to trade that big yet :D

It's a stop that can survive normal price movement within a range that doesn't invalidate the reason for the trade. For example, if I see a long setup in an uptrend, I would likely place my stop loss below the previous support level in my trading time frame (such as the last higher low, the...

Last week, my friend told me he had to "build stamina". I'd never thought of it that way :p FWIW, this is still my experience every day. I finally learned to pull the curtain on that part of me and let the relaxed "odds are in your favor all day every day" part of me do the trading.

That kinda crap only happens in Brooks' fairy tale books. For the ultimate in instant relaxation, I highly recommend buying inverted hammers and selling hammers. Like taking candy from a baby.