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You describe your opinion and experience, which is fine, but none of this indicates "scam", which is the point of this thread. To me a scam is someone promoting a "Buy/Sell" indicator and showing charts on their site with red and green arrows picking perfect price turns every time. What it...

It's not randomness. TA allows me to be positioned in the right direction when price makes the big move. The trader without a plan or the one who trades based on strong opinion or the inexperienced trader would likely have misinterpreted what price was saying or been completely unaware of...

That tradingloonies blog has no substance; looks like someone with a grudge and no substance to back up a personal opinion. A while back a fellow trader provided a link to some info he was checking out at BMT and I checked out the site while I was viewing the info he referenced. The first...

There are periods of price action where the setup appears but there's no follow through. I've had strings of 6 or more small losers/break-even trades, then suddenly the game's on, you're on the stronger team because of TA, and the whole team's got your back. I once had a day with a 9% win rate...

dbphoenix posted this back when I'd been trading for a few weeks. I'm not sure whether it would've made any difference if I'd come across it because I had a big ego and plenty of my own ideas back then and had to learn everything he posted the hard way. If you study this very carefully and...

This is my top advice for everyone who asks me for help. Choose a single setup/tactic and master it to the point that you see it and you place the order without further thought or hesitation. When I was absolute beginner with just over 3 months of trading experience (and no specific plan...

I'm purely a chartist and whether I look at daily, weekly and monthly price charts over decades or I look at intraday charts over years, I can't see anything different, but I constantly see posts on this forum that markets have changed. Are these changes related to something other than price...

Classic setups can be found here, but you have to do the work to determine a) the context in which to trade them and b) how to manage your risk/reward. http://www.daytradingcoach.com/daytrading-technicalanalysis-course.htm This little pattern is one of the best, IMHO...

This is fantastic, Neke! :cool:

10 thousand hours of painstaking research and development, which included devastating account losses.

It's a mechanical strategy with specific rules. It's a with-trend entry tactic in a strong trend using a 1-min chart for intraday scalping. I've already shared a couple of simplified versions of it on ET. If you want to refine it, have at it. Since there is no bad entry in a strong trend, any...

I'm having lunch and nearly ruined my vintage IBM keyboard after reading this :D :D :D

I'll continue the legend then. Of the 11 people with whom I shared an excellent strategy, only one is trading it and the rest have admitted they are not yet net profitable (they don't trade this strategy by the way). With regard to the one who is trading it: I really don't know if she's...

The information there is the same information to be gleaned from the statement "Most 3-year-olds who use Mom's car to go to day care have an accident." :p P.S. EMG is ET's secret Holy Grail of trading. You should feel honored that he dropped in to your journal with a simple one-word...

That price was just a few ticks shy of a near term down trend line on the hourly chart. I imagine algos are programmed to buy until that level is neared, then take their cyber foot off the gas and see what happens. Must be insane to be one of the really big players having to work these fine...

I think he has nightmares where the YM is bid at the May high and offered 1 tick higher. He sees my hand on the mouse as I'm about to take the offer at the price it can't go. He's only a few meters away from me and has but to leap forward and tackle me to the floor before I do it, but suddenly...

I usually have losing trades every day, but some days the PA is so "clean" and the market so forgiving, I can manage to get out of the duds at break even :p

Here's a something from my trading journal that may be helpful to you: Statistical analysis provides the information necessary to create a profitable price action trading plan. If you test a setup that looks promising by analyzing, say, 500 consecutive appearances of the setup, noting maximum...

It seriously behaves as if that's true :D :D :D

Sleeping well every night because of no positions on is a huge reward in and of itself!