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When you say "this works", what outcome can one expect over a series of, say, 10 trades? Myth of precision and price action fairy tales, hmmm... Do you think it's possible for a trading method to produce ten consecutive winning trades where the hard stop loss on every trade is no greater...

I think ammo uses the same method as hitch :D

You know, Austin, when I shared these advanced tactics with you a while back, you promised you'd never speak them aloud, especially in a public forum! I trusted you! :D

What your chart shows looks just like how I get into a strong trending move. I love this stuff. These days don't happen all the time, but milk them when they do! Nice work :cool:

I wasn't able to put discretion to good use, and found that more precise definitions gave me the "net" I needed so I could take the leap when a setup appeared. I had to define the context really precisely or I found myself hesitating too much and skipping trades or, like you, overstaying trades...

My charts illustrate a live call showing my analysis before the signal as well as the "buy right here" entry level, which took place during a Skype convo. You can PM an ET member named wolfpacker if, by ensuring the analysis posted here took place in real time at the hard right edge, you'll...

I trade one tactic during a well defined trend, and I trade the tactic described in this thread following a break out of consolidation. I have advanced tactics for scalping in wide range bar chop and in a directionless (wide range) market, but that's beyond the scope of what I would discuss on a...

Ain't that the truth. The charts I posted here were exactly what I was looking at in real time, but because they were posted later, it's hindsight, lol!

I don't position during consolidation unless price sets up a tease or a squeeze play on the 1-min chart. I wait for a break out of consolidation, which can be a narrow range or narrow channel (flag), or a triangle, and then I look to enter in the direction of the breakout if, and only if certain...

My plan avoids "death by a thousand stops" because it's based on careful study and was proven in advance through backtesting and simulated forward testing to provide me with an acceptable profit over each acceptable series of trades. With the OP's approval, it would be interesting to see a...

The reason I don't care if it becomes chop is because I have a plan for setup (price environment), signal, entry, stop and minimum profit target. If my plan involves entry using the price action on a smaller bar interval chart, then I'll use that price action to enter if triggered. If my plan...

You're trading the way you're comfortable, which is why it's easy. You extracted 14 ES pts from a trade in May, but you had to hold through 4 overnight sessions to achieve that target. There is additional risk holding overnight because in such a thin market a major news event could result in...

Price pulls back to the key level rather quickly and when it’s bid 3122.00 and offered 3122.25, I say to my friend, If you’re an anticipatory trader, you buy right here. (The inset shows the price action off the low of the 5-min bar at the right edge and indicates a confirmation-type...

First, price broke the near-term trend line rather weakly and consolidated, then made the push through the more significant trend line, also quite weakly. There’s the long signal for a test of (and likely break of) the pre-market high. So here we are in real-time; how do we get positioned with...

Here’s the real-time thinking behind a real-time NQ trade entry level called while chatting with a fellow trader. (Chart is PST.) The chart looked like this when he mentioned that NQ appeared to be coiling for a breakout and said it looked more up than down. I agreed, noting that the higher...

Most everyone I know thinks trading is either gambling or something best left to a financial adviser. They're not interested in anything other than whether I had a tough day in the market when they hear the Dow closed down N points. I have some fellow traders I met here on ET who I can talk...

No, it makes sense. First you try to trade for a living, then you have to sell your house, then work at a car wash :eek: XXXOOO

I'm one of those fearful traders who wasn't comfortable until I defined setups in specific contexts as well as exact rules for managing trades. This was the result of having a plan, enjoying the profits, then abandoning it for intuition, losing badly, wash rinse and repeat. Finally, I...

I'm an intraday scalper and there's a with-trend setup I trade in a strong trend and this same thought goes through my head. It feels so wrong at the hard right edge, but then there it is again....free money! :p

I'm a purely technical trader and from the technical view on the daily chart, price slightly overshot an upper channel on 7/19 then pulled back to the 20-day moving average, which is where a swing trader would look to get long. Then on 7/30 the 20-day MA broke down with some conviction, shaking...