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Hmmm...maybe that explains why you occasionally see 1472 contracts sweep thru 28 levels. "Holy crap, one more penny and we're gonna...aaaarrrrrghhhhh!!!" :p

Then you must really appreciate Brooks' books and courses, as he tells you exactly what you should be doing to be highly profitable. I think the reason so many ET-ers dismiss Brooks after perusing "Reading Price Charts Bar By Bar" is because the book "is a comprehensive guide to understanding...

Good trading is educated guessing, meaning you've educated yourself about certain facets of market behavior and are prepared to act when the conditions are met. For example, you've noticed that over two years' analysis of equities' price behavior following important news reports that whenever...

Extremely so. In fact, once you fully understand the concepts of technical price action trading, research the positive expectancy price environments and setups, develop rules for entry, risk management and profit-taking, develop fixed rules for implementation of all this, apply the fixed rules...

I support this totally. I hope FCX continues to trade aggressively for the remainder, follow his basic rules, and let us know how he does. I also agree that a more expensive combine is not the answer. When I was a beginner I thought that more leverage would be the answer to my problems...

You're not allowed to play; you already know what you're doing :D

Neke, you've made it very clear in the past that you're not a technical trader, but you don't seem to have an edge with the strategies you're using. Sure they work at times, but they don't work more often than not over time; if they did, you'd positive at least from month to month. Technical...

Surf, it ain't gonna happen. But I do believe you'll have the pleasure of seeing FCX participate again in the combine after he completes a semester at my school and can commit a couple weeks to pure trading, and I believe you'll see results that will knock your socks off :D

Austin, spot on in every way. I just sent a message to FCX before reading this post of yours and I told him, "Also notice how I'm very careful to patiently wait for price to...before contemplating a reversal from longs to shorts or shorts to longs. This was critical to my success, absolutely...

FCX went into this combine with everything against him. He had no futures trading experience and although I offered to mentor him back in August, he had no real time to commit (full time job, little baby, college classes, and buying a house), so we had discussed a few basic rules of price action...

A (fair and balanced) coin toss isn't a positive expectancy system. It's 50/50. The distribution of heads and tails can be very random; you can, for example have quite a few heads in a row (a "winning streak") but the expectancy is still 50/50. Now, let's say the coin is rigged in a way that...

:confused: What does adding to a position have to do with strings of consecutive winners or losers? The trade isn't a winner or a loser until the entire position is closed, no?

Looks like the "How To Stay Out Of Trouble During Chop/Range" class paid off :cool: Well played!

If this was futures trading and you increase your size based on a "winning streak" (or a "losing streak", for that matter), any positive expectancy inherent in the remaining facets of the system will likely be erased. There is a random distribution between wins and losses for any given set of...

That's correct, even if you have a well-tested consistently profitable plan, the odds are very high that you will be unable to trade it manually or, if automated, to avoid messing with it. Why did Al Brooks take all that time to write his books and create his course, and why does he have a...

I had just sent FCX this message before that whipsaw move: "A lot of head fakes can occur in this last 30 mins of pit session. Tread carefully if at all." :p

I believe every underfunded student should have a go at the combine. If you're ill-prepared, the constraints of that combine environment will reveal that quickly and will provide you with the hoops thru which you must be able to jump to have a shot at being consistently profitable; if you're...

Trading price action the way Al Brooks teaches in his book/course is similar to taking the algebra, trig, and calculus of price action scalping. He starts from an intermediate level and works to a very advanced level. I now trade in a way that's even more intricate than the stuff his book/course...

You'll find 2-3 years closer to reality. Did you get through your last advanced math course in 2-3 days?

"retracted them"...LMAO! Squawk Box: "Attention Oil Traders! Attention Oil Traders! Pay no attention to those numbers that you see behind the curtain! Please try to exit your inexplicably profitable long positions in a calm and orderly fashion!"