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Minor update: IMH was not acting right so I cut it on Monday for b/e. Looks like I caught a piece of the b wave, not a third, and this is typically how they act: like an airplane taking off and the engine quits. Counting it out, it looks like the first wave of the expected fifth is now...

It's an old idea, right out of the EW text book. . . Obvious to open eyes. I started with EW and surprise! SCT fits right into The Order of The Market (E waves are very complex fractals)

Actually, when testing stops in my various trend following algos (independent of the work I do with EW based TA) I found that tight stops absolutely kill a profitable system, loose stops have no effect, and "just right" stops (takes some experimentation to find them) have a slight positive effect.

Just sim trade until you have a few months of consistent profits. If you are not willing to spend that time trading "fake" money, it is a sure sign you are afraid of missing out, and are a gambler. :(

You have offended the keepers of the gate to the Right Side of The Market. You are not worthy of seeing the mystic sign; the Church of Price Action hereby excommunicates you. The Holy Fractal of Granularity is far, far beyond the scope of your cynical mind.

It's that time again, Elite members of the Price Moving Community. The weekly tail report. Two trades, 1.5 wins for total profit of -$5 booked, $183 open. The gestating specimen this week was IMH. I have been waiting for a sell off that did not come. Counting it out, it appears to have...

Your skeptical mind has now jumped the shark. If I blow up my account selling naked puts, am I Victor Neiderhoffer? Such irony....... the same negative that you continue to attempt to prove by accusing everyone on here of being fake gurus who can't trade..... Incorrect. We do not owe...

I tend to trade things that are so illiquid (VERY granular) compared to what everyone else is looking at, those fancy prorated volume bars probably wouldn't help me. But this is great - JH posts in tongues to obscure the Holy Fractal from the unworthy eyes of doubters. That pattern that you...

Successful trading systems are like Schrodinger's cat - unknowable by the masses of unprofitable traders. Were they known by the herd, they would cease to exist. I understand that you tend to give money to The Market when you participate as a retail client. Where does it go? Only to HFT...

Surf, just face it - you're not gifted as a trader; you need price drivers to guide your decisions while the real maestros can see the footprints of large traderz written all over the chart. You can't read the tracks on the ground and would never make it as a hunter / gatherer on some remote...

Which one(s)? :D

Makes sense. And there is the leading indicator for the FTT: volume peak. It can be so simple when JH is not explaining it. :eek:

Jack Hershey has been using words instead of funky abbreviations when evangelizing newbies lately, and the "failure to traverse" was mentioned as the first clue to an impending trend change. I've seen this many times when channeling wave counts. And here it is on SP500, for your enjoyment.

Has not been my experience..... perhaps we're in different markets?

Unless you are Jack Hershey, losing is part of winning. It looks like it did go in your favor for a few bars....... maybe you could just get out if the trade does not take off immediately, like the Phantom of the Pits. Perhaps you could study your winning trades and examine the flight path...

Judging by the damage to Zim's nose and cuts to the back of his head, my guess is the boy popped him with a sneaky sucker punch then tried to finish him off with a flurry of ghetto ground 'n pound. Didn't work.....

:D

The Undertow is at critical mass in Montgomery, Birmingham and possibly Mobile.......

"The best medicine" 1. Leading indicators are trend lines, s/r or any other fractal boundaries 2. "Events" are the intersection of price to these boundaries 3. "Granularity" is the zigzag nature of price action - never straight, never a continuous curve, no matter what time frame...