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Your posts are awesome. Thanks for sharing, as I learned a lot from this thread :)

I see support and resistance. I see a level where price might go if another level breaks. I see ways to participate with low risk relative to potential reward. I see the action of price sweeping me into a position. If "it" doesn't happen, I see a small payment to the market. If...

And the end result:

As an intraday scalper, here's how I trade price action, using the 1min chart for precision entries, and looking to position in the direction of the larger trend/channel (in this case, long), "fly fishing" for a breakout. The key takeaways for beginners are: 1. Patience...let the pressure...

My wording was misleading. Technical analysis of price action allows one to develop a business plan for trading with positive expectancy, which is what an edge is. The only way price action stops occurring is if the markets cease to exist. The way price action is an edge for small retail...

I look for a breakout>pullback entry using a 1min chart. Although I don't trade NQ, an example from today would be: Between 10:20 and 11:15 ET there's some sloppy consolidation with channel/range highs between 32.00 and 32.75, which finally breaks upside from a significantly higher low...

Anyone who doesn't understand this post might benefit from reading and completely mastering the concepts illustrated in dbphoenix's Draw a Straight Line thread. That's how you trade price action. Price action is an edge that only disappears if the market disappears. Price action...

Agreed, excellent thread. Reading db's posts is like reading my own thought processes as I trade each day.

There's been no demonstration of price drivers being predictive. In some cases price moved in your favor and you took profit; in other cases it moved against you and you took the loss. So it appears that price drivers can only predict the probability that price will move in your favor a...

I don't understand how Bollinger bands describe what has happened. I categorize BBs as an indicator, indicating the level at which price is or will be a certain deviation from a moving average. Price tells us what has happened. What do the Bollinger bands on your chart say happened that a...

My bad, thought books had chapters :D

Damn, solid advice. Despite the fact he misspelled the word "chapter", I'd have to say this guy would be worth paying for :cool:

In a strong trend, and especially with no overhead resistance if the previous high is taken out, the pattern posted by S4L is the nice retracement. :)

I always used the term "timeframe" for the bar, knowing it really wasn't accurate. Bar interval makes sense! I don't know how it would be possible to predict market direction accurately for any particular trade idea. To me, the only thing you can predict is the probability, over a...

Thanks for your kind words. I've had several invitations to write books, blogs, articles, but have no interest at this time. Feel free to scour my 8000+ posts and distill a trading book from them :D

Somehow I missed this while I was writing my big long post that pretty much said this. :D

TA provides a foundation on which, and framework around which, you can build a consistently profitable trading plan. You use the terms "accurate", "win rate" and "money management" above as if they have meaning in isolation. They have no meaning in isolation; they are only useful in trading...

Surf, this was a "yes" or "no" question. I'm pretty sure you've never yet provided a response that actually serves as a direct answer to anything I've ever asked you. I know, I know...moving...baby...answers to come later :p :p You'd be a slam-dunk politician or marketer... :D

Can you provide links to a few TST-funded traders who passed the combine using either DOM-reading, or interpretation of intraday news events (without using technical analysis of price action for "interpreting")? Rawman here on ET said he uses price action. A trader I'm familiar with who...

Trading for a living is very routine when you do it right. I found that profitable trading for me involves going with the market, not "taking it on". Think of yourself as a remora latching on to a big powerful-looking shark that swims by in the direction you want to go, so you quickly latch...