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I suspect he focuses on the behavior that creates the pattern rather than the pattern itself. If the "secret" were nothing more than trading patterns, then anyone who traded patterns would be making his living thru trading. But it's not so simple, largely because those who focus on patterns...

Well, again, what you get depends on what's happening with the underlying. That doesn't mean analyzing all ten of the underlying. But it does explain why the seeming chaos of the open occurs and why it isn't the same every day. For that you'll have to provide context, i.e., the hourly chart...

He focuses on price behavior. He's studied and characterized his instruments and his market. He's prepared. It's nothing secret; it's just that so few people take the trouble.

You appear to be ignoring your ranges. After the OR is established at 06 down to 88, price comes back halfway and stalls. There's your first short. Then price drops to 81, providing a midpoint of 94. Price stalls at 95 and there's your second short. You then range until the middle of the...

Or max pain for those who aren't prepared and profits for those who are :cool:

Apparently I don't know what you're going for here as VAP provides info on interest in a range over time. But you know that.

They might all have these traits, but they might all also have brown hair. (Forgive the flippancy) Knowledge, ability, and wisdom are indeed important. But beginning and not-so-beginning traders think that they can acquire this knowledge and ability and wisdom without ever studying and...

Just in case Handle's response is overlooked: QUOTE=Handle123 Someone who can take losses well ? NEVER, frustrating, I don't see myself losing. Someone who can take big risks at the right time ? NEVER, big risks equates to lack of education Someone who can reverse positions on a dime ? YES...

Correct. And nearly all traders wildly underestimate what is required to reach this state.

It begins with the ability to flawlessly execute a mechanical system, preferably one which the trader has developed himself. Once this becomes a matter of course, the trader finds that he is able to make decisions that observers might classify as subjective, but they are more a consequence of...

Once upon a time, I had to do the splicing manually. Nowadays I don't think about it. I let the vendor do it.

If you're a quant. If you're a discretionary trader, it doesn't matter. That's why I asked what your questions were.

Whether or not the splicing of contracts matter would depend on your questions. If daytrading or trading short-term, the "splicing" would be irrelevant unless one were holding through the rollover. If trading a longer bar interval, such as hourly or daily, the splicing would also be irrelevant...

With enough inside information and a million dollars, you can go broke in a year. -- Warren Buffett

The awful truth about climate change no one wants to admit There has always been an odd tenor to discussions among climate scientists, policy wonks, and politicians, a passive-aggressive quality, and I think it can be traced to the fact that everyone involved has to dance around the obvious...

Doesn't really matter. Your winrate and P:L ratio are consistent with what one can expect following the SLA. I don't yet know how much your plan differs from it, but as your plan stems from Wyckoff, it shouldn't matter.

Am I correct in concluding that your profits were 10422.52 and your losses 2604.36?

Time. The only way to demonstrate realtime results, positive or negative, is through videos. Posting "realtime trades" on a message board is an impossibility and therefore pointless. The advantage of charts, of course, is that one can post the setup in advance, sometimes well in advance, and...

Never heard of it. Sorry. But I did read something long ago about developing a reliable bullshit detector which, as it turned out, I pretty much had anyway. Bullshit and the Art of Crap Detection

Fortunately one needn't get metaphysical about this. The article centered around psychotherapy, and there's no particular need for metaphysics in therapy, unless one wants to spend years at it. As far as trading goes, the thrust is the same: focus on price action rather than one's own trade.