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  1. 1

    A simple price action approach

    How do you quantify a failure vs a fake failure? Where do you set TPs?
  2. 1

    A simple price action approach

    How do you know how much data to use? Change the timeframe and the volumes will change = different data = different mean.
  3. 1

    Does Level 3 exist?

    Precisely why I buy in down trends and sell in up trends.
  4. 1

    A simple price action approach

    I agree with you, but people in this thread use them, and I'd be interested in learning how they do. I have an absolutely open mind to discuss any method with anyone until they start getting all guru-like (vague, non-specific, side stepping questions, not quantifying, etc.).
  5. 1

    A simple price action approach

    Of course, we're still in an uptrend depending on how you look at it.
  6. 1

    A simple price action approach

    I post live calls for my long term trades. On a long term basis, who cares if you're off by a few cents. It's not like you're scalping ticks. You can't manipulate long term live calls. In the past I've posted live intraday trades, too. And shown charts (with the entries and exits marked...
  7. 1

    "The only way to trade with Fibonaccis" journal

    K guess we're about to see if that down trendline I drew is going to hold.
  8. 1

    A simple price action approach

    The other bullshit you have to be aware of is people who post after-the-fact trendline charts where they made entries exactly at the first bounce. Somehow noobs overlook the fact that there was no way of knowing there was going to be a trendline at that time because doing so would require...
  9. 1

    A simple price action approach

    One thing I don't like about the ET forum software is when someone posts a huge chart (or any wide image), it applies the extra wide formatting to the entire page of the thread rather than just that one post, so I have to scroll left and right to read each line of the post. And since I put 40...
  10. 1

    "The only way to trade with Fibonaccis" journal

    Closed up 30 cents today :D
  11. 1

    A simple price action approach

    Lost? I don't really use TA. I assumed you would correct my chart rather than just telling me I did it wrong. I assure you this trade will go well, although luck won't have anything to do with it. I'll look for it later. I haven't had time to go through this thread again yet...
  12. 1

    "The only way to trade with Fibonaccis" journal

    Nice up day. Maybe a bounce off this trend line?
  13. 1

    Trade Maven

    No I only use Trade Shill. It's 394% more effective than Trade Maven.
  14. 1

    A simple price action approach

    but why not either of these uptrend lines instead?
  15. 1

    A simple price action approach

    Cuz it looks like it could be this to me.
  16. 1

    Simple Reversion Tendency Indicator?

    How do you mean reversion guys deal with situations like this? http://www.elitetrader.com/vb/showthread.php?s=&postid=2075844&highlight=trend+followers#post2075844
  17. 1

    A simple price action approach

    Draw some trendlines on this daily SPY chart so I can see where price is going to go. I have a pretty big long position right now.
  18. 1

    Simple Reversion Tendency Indicator?

    Works awesome in choppy markets like that.
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