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You're not gonna make disparaging remarks about my Kia next, are you? ARE YOU???

Cactiman, all trends end and nobody knows when this will happen. I believe you had the right idea to buy the APPL dip, and the only mistake you made was one of a) not exiting quickly when the lower trend line of the time frame you seemed to be entering on was breached and then became resistance...

What I find so surprising about the market is how an AAPL could consistently trade at such a low P/E multiple (currently just under 12) despite its consistent revenue and earnings growth, even throughout the Great Recession, while an AMZN trades at a multiple consistent with a company about to...

Sounds like a case of ETTPTD (ET Trading Porn Transmitted Disease), which it appears can be transmitted by PM-ing someone who's infected, even if the sender was off by only a single letter. That would explain the merely dry heaves; my heaves were far from dry yesterday when I was likely at my...

What's wrong with my Kia? :confused: :confused: :confused: You know, TJ's primary car is a Vespa, and if he offers me enough of that HFT scum-money, I won't divulge any details about the Velcro, length of chain, and turkey baster :D

Your anchor chart tells you which direction to be trading; your entry chart is for pinpointing precision entries. Unless your'e a micro-scalper, there's no reason to consider a short trade from above the 5-min 20EMA at that point on your chart. There's not enough airspace down to that EMA from...

I tend to find 100% of the "pre transactional activity" I need right there on charts. 1. I see a qualifying price pattern within a qualifying context prior to my transaction. 2. I place an order to initiate a trade at a qualifying price. What does "hindsight biased" mean?

This is what I use as well.

My warning signal is a flat 20EMA in my main trading time frame. When you say "meaningless breakout", you're describing a breakout of nothing important, hence the "trap" potential. In order for a breakout to have a better than even chance of success, you need to have a good number of trapped...

So your rules are such that only you can understand them; they're not codable, so to speak. All the best to you.

That's very good. Regarding your strict rules: Could you hand a man-on-the-street with average IQ your rules drawn up in such a way that he'd be able to read them, understand them and use them to trade a single highly liquid instrument (stock, ETF, or futures contract) profitably, assuming...

So you break your rules and take mediocre setups because you're too greedy. I've an idea that will take care of all your problems: Trade size that ensures you're leveraged to the hilt on each trade. Put that PDT margin to full use. This should help you focus only on setups that fit your...

emg - He just IS!!! increasenow - BANG!!!

The fact that "what worked today, may not work tomorrow" is absolutely irrelevant to the price action trader because price action trading methods have been working for as long as there have been liquid markets and once you have defined rules for trading a positive expectancy system that's been...

Job #1 for a day trader is to pay attention. :confused: If you ran a trading business and mrnate22 was one of your employees, would he still be employed after Day 7? It's not as if he invented the universe during Days 1 thru 6 and on the 7th Day he rested. He's a problem employee. If you...

I'll endear myself further: Started out with two b/e trades followed by two losing trades. Finally, caught a couple winners to bring my day into the green. Took a break, and returned to find I'd missed a trade that would've hit a full target. This is the sort of price environment that easily...

2 bloody mary's sounds inviting after this mornings action. I'm so excited to have ended up in the green, I'm considering taking the rest of the day off. :p

Contract & Date (+/- a day), please :D

Go ahead and post some; PA/TA traders will trade any pattern that fits our criteria because we use this strange sort of seat belt when we take a ride on the market, commonly referred to as a "small stop loss". So the chances of our random trades off the randomly generated patterns returning...

Someone should start a new thread for this so we can leave Nathan alone for a while :p