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Jack, you and Al Brooks have taken so much sh*t from ET-ers. Both of you have a deep understanding of price action, its supporting market psychology, and individual trader psychology. Both of you require a lot of work from aspiring traders. Both of you have shared (at no charge) concepts and...

FSLR is a fundamentally sound company with a short interest of 43%. On a daily chart, price triggered a "cup and handle" long trigger yesterday. Today was a full confirmation of yesterday's breakout. That's the technical story and I'm sticking to it!

My broker made about $5.00 a contract against me today, but I made about $70.00 a contract in exchange for those fees. Why are the HFT's not killing me?

My win rate today was 37.5%, but like you I keep the losers tiny and let the winners run and that's all it took to have a very profitable day. :cool:

I am a technical trader, but I trade a single instrument to keep it really simple. I trade four core setups with explicit rules for entry, stop and target. There's no question about what to do because it's either a setup or it isn't and it either fits my criteria or it doesn't. Occasionally...

What was the contract/equity and what was the setup?

Well, I figured when he said he was impatient it was because he was a swing trader or a day trader who waited for very specific 30- to 60-min setups that might happen once a day. If he was a 5-min day trader or a scalper, then impatience indicates other problems. I think regular hypnosis...

I'm all in long for S&P 1525! You know what they say about Moooney...

Day trading a 5-min time frame isn't easy because it requires a lot of focus. Price might consolidate for 10 minutes or 60 minutes. You have to fight the urge to manufacture something out of nothing during these periods, yet at the same time remain focused enough to act without hesitation once...

Technically, you're not good at trading. You can technically read the market, but you're not trading based on your ability. You could be a music prodigy, able to memorize any piece of music after hearing it once, able to compose entire symphonies in your head, but unless you have a few fingers...

Let's say for the sake of argument that 60% of the time price pattern A in the context of larger price pattern B produces a favorable price move of at least N without first producing an equal adverse move. So my risk:reward is equal, but on average 60% of these trades allow me to realize a...

You're mired in a gambler's mindset. Every trade is brand new, anything can happen, and there's a random distribution of wins and losses among the trade setups that constitute your edge. The fact that you FEEL 90% certain about the outcomes of technical setups in an environment where 90% win...

On that trade, you were trading thousands of shares, fully loaded at 5700. In this journal you're trading 1 lots. Why did you size down so significantly after a solid 2011 result?

When you say "good at trading technically" I'm interpreting that as "good at recognizing price behavior that leads to profit A before hitting stop loss B more often than not and B is less than or equal to A". (If you don't have rules defining positive expectancy price behaviors/patterns, you...

No, no, no, no, that's waaaay too obvious. There will be a surprise 20 point run up :D

How would an education vendor like Pristine post "monthly statements"? Even if they posted monthly statements of live traders affiliated with them, what value would that have? Bernie Madoff manufactured false monthly statements for years under the watchful eye of many people and organizations...

Pristine is selling education on a variety of methods to trade price action profitably. Price action is a method of trading that works effectively when applied to any short term chart (5-min through daily, intraday through short term swing trading) I've ever looked at of price movement in liquid...

A price action approach using horizontal, trend/channel, and mobile (such as a 20-bar EMA), support and resistance levels reveals many opportunities to profit from intraday price swings during both trends and ranges. This is a solid introduction to the basic concepts...

My statement isn't overboard. I don't trade equities often and I trade gaps even less often and only under a very specific set of conditions. It's the most high probability setup I've ever seen when these conditions are met. If I traded gaps every day or every week I'm sure I'd have some...

Market's open here, and the sweet potatoes are cheap today.