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First trade +19 ticks Second trade -20 ticks Both trades were taken in down trends. First trade was high, LL, LH, enter (after "point 3", so to speak) Second trade was high, LL, LH, LL, LH, enter (after "point 5", so to speak) Interesting to note that the second trade, if taken...

i know you can throw up two charts and look, but what is the best way to quantify their correlation when they trade in different tick/point intervals?

So after points 3 and 4 have plotted, it's still in the middle phase of "determining trend" or "possibly reversing"? (see first image in attachment) Seems like there could be a lot of times when it's not trending, then. Interesting. (see second image in attachment) The numbers in...

^ thanks. What determines the colors of your candles? J/w

Zero Lag EMA (ZLEMA) :D

Just treat price as the other MA. Price closes above MA = go long Price closes below MA = go short Will work beautifully until price chops around the MA, then you will lose a ridiculous amount of money.

what are your commissions to only be trading with $800?

you've got PM

I like that definition. To me, I would logically think that only 3 points would be required. A lower low, followed by a high, followed by a higher low than the first, to me would constitute an up trend. See attached post. Of course I'm usually wrong about this stuff.

Why would I pretend? When I use live money I'm going to be trading 1 YM contract. Why would I practice by doing something different than how I'm actually going to do it IRL?

I think you might be right. I don't think I can do discretionary trading because it's not specific. I don't like room for interpretation. I also don't really think "discretionary" trading exists, because unless someone is entering randomly, they ARE using rules to enter, and rules can be...

I can't answer because it's in hindsight now. So I know the correct answer for that particular chart.

Re: how to enter I'm still trying to figure out what is best. Say we're in an uptrend: - enter after high of current candle breaks previous high of a retracement candle? - enter after high of current candle breaks previous swing high? - enter on open of new candle after last...

There is no scaling. I'm trading 1 YM contract.

The "pattern" I'm trying to learn first is "going long after successive HH/HL" (or the opposite for going short). But I am struggling with knowing when the trend has resumed upward and I should enter again (without cheating and using MAs). I am also struggling with knowing where to put a...

Eyeball comparisons of their charts look like they pretty much match most of the time. Has anyone run any analyses on them to see if one is in fact "more trendy" than the others? Or if they ever don't move together, and how often and by what amount?

Of course I'm doing demo trading :) There's no way I'd use real money when I suck this bad :D So you are saying to calculate your risk/reward before you place the trade? In other words, should you actually say "ok, on this trade I expect to make x ticks before losing y ticks, so my risk...

oops, yeah i messed up the label on that chart. you guys still know what i meant tho. Mandlebrotset, why are you still in this thread if all you're going to do is say how bad my charts are and how much I suck? I already know I suck at PA trading; I don't need your constant reminders...

Ok, question about defining trend from a PA perspective: How many swing highs/lows do you need to have an uptrend? For example, is it just a high and a higher low? If so, is it OK if the first high follows lower low? So it would be : LL, high, HL? In other words, how many distinct...

Ok let me rephase. What part of price action let you know in real time that that was a good place to short? How did you know that, based on the previous candle/price action, the trend was done retracing and was preparing to continue downward? Did you enter (on the marked candle) when...