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I think you are trying too much at the same time. Find just one edge and do it over and over again. I define an edge as a profitable setup that has a higher than 50% win rate. If you keep doing it, and better understand what you are looking for then your win rate will go up. Also, why not...

My thoughts on stops is that they should be placed where the market proves your trade direction is incorrect. This will prevent as many stop outs. However, feel free to do exactly what the book says and see what is better for you. Also, my thought is the more automation you can do, the...

Yes TA works. You can also use your chart program to generate reports on your trades. This is mine for the month of Jan 2021. I use PA and TA. I read Brooks but only like 2 things in his book. One of them being don't trade during barb wire.

My chart incorporates a higher level time frame with the current time frame so that I don't need to use more than one chart per instrument. That being said, you can then use a fib tool to draw a fib line. Obviously, if the bottom of the line is broken then the fib did not hold. So if you are...

Why do you need to evaluate a trade on a constant basis. Why not just choose a target and stop? Don't you think if you are constantly getting stopped out, your stop is too close to your entry? Don't you think once you are in a trade, you are less rational and therefore it's better to have...

I decided to trade 2 contracts again on the ES this time. The main benefit of trading 2 contracts is you can have 1 of your contracts go a bit higher. I did move down the target for the 2nd contract after moving stop up to BE. Really, I could and probably should have just let target alone...

We can see there were both short and long spikes. Spikes like these also occur in Forex, so you need to give price room to breath or you may keep getting stopped out in a range. You don't want your stops just 1 tick higher than previous R and S no matter which direction you are trading. I...

CL Range Price Action

I added the contract back on at BE, then I took it off again around 1st target, then I took 2nd contract off a little higher. So I turned a longer term trade into 3 scalps, if price goes back down I may try to get in again. This is a way to trade price if its in a range and not really trending...

In this trade, I thought to myself, instead of trying to get long lower, I better have more contracts on now since price may never fall lower. However, for my 2nd contract that I got in 2 ticks higher, I had a lower target and stop. This way I could take a small loss on this contract if needed...

I took just 1 of my contracts off at 1st target but plan to keep more for higher targets. Also, I still plan to add more back on if price falls.

https://www.worldoil.com/news/2021/1/22/biden-s-plan-to-cut-us-oil-production-becomes-clearer. As noted Biden plans to cut oil production which is good for oil prices going forward.

Long CL at 52.22. Will look to add if it goes lower.

A double bottom or top can only be seen after it already occurred. As noted in your chart. Yes that was a double top. If you think the market made a top and you are able to place a trade near a top, the benefit of trading is you can use a low risk stop. However, you don't want to be picking...

I find in the past on a losing day I will have say 10 trades and most of them are losses whereas on a winning day or night maybe 1 - 3 trades. So the main thing to do is keep your number of trades around the same and don't move your stops hoping a trade will turn around. Also, don't keep...

No MA and no Bollinger band. In future I will create some youtube videos and post how to read PA (price action).

Here's my trade report from 01/01/2021 to 01/11/2021.

1) Stops should be placed where the market proves your trade was wrong. If your stops keep getting hit they are too close to your entry price. 2) Choose instruments that exhibit patterns of TA. This can be seen for example, where something like Forex or Futures have actual trends. 3)...

That's not a trend line. That's a breakout of a triangle pattern. Also, and this is just me, I NEVER use LINES to determine trend. To determine trend I use advanced indicators that incorporated higher time frame charts into a lower time frame. The reason being the trend on a higher time frame...

Here are some things that helped me. 1) Automate your stops and targets. Especially when trading real money you don't need to keep watching price move. However, you can check back every so often if stop or target has not been hit. 2) Set an an overall stop loss for the day, so you don't blow...