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Order placed to buy 400 USLV at $9.00.

That's a very valid question. The drawback of trading this way is that sometimes I have no position or a small position during a big rally. Since I have no idea that a rally is coming, I don't know to buy a big position. The reason I don't add to winning positions is that that raises my...

Here's another way of looking at what I was trying to say in the first post. Ok, people consider HH HL HH to be bullish because it means that each time price retraced it was unable to get lower than the previous low, and each time it rallied it made it even further. But by definition, all...

Can you share an example of when the ISEE indicator identified a swing high or low? I checked it over the last 6 months and didn't really see any correlation but I may be doing it wrong.

How are Advancing vs. Declining useful for predicting direction or identifying price patterns? And VIX? What is the cash premium to the ES and how does it help with price action? I read your definitions again and still need an example. "Depending on my needs" is vague. Which charts do...

Can you explain it to me like I'm 5? I didn't understand most of the previous post and I don't understand why that has anything to do with R3 being touched. At 11:11 the ES was at 1645.75 and then that announcement came at 11:12 and that's why price went up to 1647.50 over the next 4...

Market internals = DOM? Last time I asked you what held/failed meant, you said this: I'm going to need examples. What is "multiple adjacent bar intervals?" My command of English is excellent but I really have no idea what you just said. Why 2m? How does one know if oil was relevant?

Here is an unprofitable system: Use standard stochastics. Go long when the fast line crosses above the slow line. Go short when the fast line crosses below the slow line. Entry is on the open of the bar after the cross happens. For fun you can reverse the signals and you'll see it's...

Afternoon:

Here's today's chart. I don't really see any price patterns except maybe a 2t that is labeled on the chart. I just put "pivot points" on my chart after reading about them in IronFist's thread. Historically it seems like sometimes price respects them and sometimes it doesn't, so I'm not sure...

How does one play a Yes?

Actually, the amount of sheer nonsense and ambiguity in this thread is making me change my mind. I mean, I'm still going to study this on my own, but I don't know if I can deal with another thread full of obfuscation, charts with non-specific commentary, and incoherent ramblings. It might...

River Song is not the Master.

I'm thinking about starting a price action thread to have some focused discussion while I try to figure this stuff out.

wat

http://www.elitetrader.com/vb/attachment.php?s=&postid=2914238 edit - sorry for the huge pic

I have Steve Nison's Candlestick Course book. Is that book pretty much the same?

People say price only moves a lot in the morning and the afternoon and lunchtime is boring. I have highlighted from 11am to 2pm CST on these charts. Look at that "chop." It's like price doesn't even move at all!

Other than the longer term style of trading I do in my trading journal, since I've been trying to learn price action I haven't made any intraday trades. Since I have no idea what price is going to do I would be entering at random. I want to at least have some sort of rules in place before I...

What are "held pivots" and "failed pivots"?