Search results

Technical price action trading is a form of trading that does not require the gimmicks, high leverage, heavy financial backing, and/or powerful algos that you seem to believe are necessary to trade profitably on a consistent basis through varying market conditions. Those of us who actually...

New to futures, new to technical price action trading, new to this combine platform, new dad, works full time, taking college classes, decides to trade oil with a 50-tick loss limit...thank goodness he's too young to purchase liquor in his home state or I'd be a bit concerned :p

The best way to define a strong trend objectively is to look at as many after-the-fact examples of what you consider a "strong trend" in your selected trading time frame and note as many markers (price patterns, indicators) as you can that occur during that strong trending price run. You should...

Oh, yes, I remember him enrolling at my school at the start of the semester. Well, he's not only skipped nearly every class, but he's yet to turn in a single completed homework assignment. He then signed up for this combine while I was on break for a couple days. Once it's over, minimum...

Icarus, it's very unfair to distort the facts like this. Brother Surf was NOT watching 5 minute bars on a price chart. He made it very clear that he was watching "5 minute block of time completions". :D

What is your trading time frame and your average hold time for trades? If you're a day trader you can be making money both directions. Even through the downdraft of the past 4 trading days, there have been plenty of profitable long intraday setups. But if I were a bullish swing trader, I'd be...

Listen darling, that is not trader porn. THIS is trader porn: :D

Yes, they're inevitable, and don't expect CL to "play nice". Go trade a stock, like WMT, if you want that :p :p ALERT: Stepping away from desk now.

I was long .45, moved my stop to b/e +1 after 15 ticks up and was stopped out to the tick before the pop :mad:

Gosh darn it! I went to pay my credit card bill and the bank sent me a message saying, "We're sorry we cannot accept your payment. It was recently brought to our attention that the funds you are using for payment were obtained through profitable trading that was conducted using the technical...

TA can be tested and Ol Yella has taken it upon himself to conduct a technical price analysis of a single setup based on price action: The opening range breakout (ORB): From here, you could test the same constrained setup further by adding to the profit target and finding out if the result...

I do my best to be the "house" when it comes to trading my plan. Today during the Nymex pit hours, the market offered 25 setups that fit the criteria of my trading plan and I traded 20 of them. Had a 90-min break in the middle, so didn't catch everything, but the first 2-3 hours is most...

Oh good, you have charts further back than me. On trades that trigger, take a .24 target, a .12 stop, and exit b/e if price retraces to entry after >.10 in your favor.

On a day like today? Damn!

Poor health, stress from a bad relationship, tax problems, illness and death of a family member...I've gone through all of them and lost a lot of money in the market and in a couple of those times outside the market as well. Day trading requires so much focus and precision, IMHO, that I even...

Same here. You were asking many questions, kind of like an interview, figured a writer might be writing a trading article. Have a good life, dude :confused:

Yes, a positive expectancy system must be traded as the casino, not the gambler. It requires that all valid setups be traded (the casino must play against every valid customer), and managed according to the plan that produced the positive expectancy. If you begin picking and choosing which games...

They exist in large numbers. Creating a trading plan based on positive expectancy and/or positive money management requires a lot of work, but then comes the most difficult step of all for those who don't automate their plan from the start: Developing the trader's mindset necessary to profitably...

Lots of flashy-thingy size at that time, haven't seen that in a while. "No news" Monday games? 13 trades, and an astonishing 4 of them hit target, Vis, hope you're scalping .10's :p

Yes, that was my road to consistent profitability. I readily admit that over 5000 hours of my time was spent immersed in my personal bias/stubborness and my total inability to understand what experienced profitable traders were telling me over and over again. So those hours were spent learning...