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I do the same, but I talk to myself.

You absolutely nailed it. And my target was indeed a measured move zone; at that area I locked in a profit. OK, you can take over this thread now. :cool:

I look at price history for context. A trader who thinks an indicator is a buy/sell signal is going to be in a world of hurt until they learn to understand and use the concepts of context, signal, and trigger, all of which are based on pure price levels of support and resistance. A big...

LMAO! I was tempted to trade CL chop and I sat on my hands and missed a MASSIVE 12-tick break out of the range :p

That's what I show.

Trading price action requires the ability to analyze price action. That, to me, is technical analysis.

Arguing about whether a method works or doesn't is rather useless. If you're not a profitable trader, investigate various methods of trading, apply the concepts in a simulated environment, and if it works for you, trade it. :) The simple technical price action concepts promoted by snake oil...

Why is it that the big loud negative Nellies on this site can't answer a simple question? I wasn't trying to start an argument or make a claim about anything. The point of my question to you was that if you automated a consistently profitable trading system based on the technical analysis...

I'm assuming you've automated at least one consistently profitable trading system from the confidence with which you speak. Is it based on an analysis of price in any way, or is it based on HFT or arb of some sort?

Always gotta watch that 3rd step, she's a doozy :D Thanks for all your info on this thread, ammo!

I appreciate your concern, Surf, but all is well here :cool:

No contradiction. The core system was automated long ago and consistently profitable. Everything in my trading plan is objective. Although I sometimes take discretionary trades their track record is negative. I consider them mistakes.

For the umpteenth time: I am not a pro. I'm a small retail trader who trades for a living because I learned to run my business properly.

TA in no way leads to trading success. The appearance of price action setups is random and distribution of wins and losses among a series of every N trades for any well-researched trading plan is also random. The overall profit expectancy for any well-researched trading plan is not random...

I didn't take the trade I described on the posted chart. I was looking back at it and analyzing the choppiness after my friend talked about the morning chop in the NQ. I did trade the NQ late in the day. I was short 3130.50 at 3:51 and covered 3124.25 at 4:06 eastern time. I sat down and...

I'm a day trader and IMHO what makes day trading so difficult is developing the mindset to analyze things quickly. A swing trader can see a setup, put on a position when signaled and not have to change "bias" for days or weeks. An intraday scalper like myself can see a setup, put on a...

It would be great to see your trades. I'll offer a detailed review and you'll probably get more out of it than from reading Al Brooks entire book. Oh. Wait. That's not promising much, is it... :D :D Seriously, I think a "third party" analysis from me will give you some ideas you can...

Day trading isn't easy, but after 4 years (9 months in sim and over 3 years live) trading the same instrument and spending a couple hours of spreadsheet analysis after the close every day, it's become fairly routine. I posted my daily P&L for a couple years on ET (in my journal and in the P&L...

I was chatting with my friend around the NY lunch hour and he mentioned the earlier chop in the NQ. I looked at the 5min chart and said, "Yuck", then I looked at the 1min chart and decided the only setup I saw that I would've taken in that chop was based on the 1min chart. It's one of a few...

The disease of TA is what allows me to sit at my platform after a long break, pull up a chart of NQ which I hadn't traded at all today and in about 15 minutes extract 6 pts profit from it in a single trade using a 3 pt stop loss. It's a disease I'm willing to live with :D