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Only constant self-confrontation of responsibility reaps results. This is the rule of conduct for becoming a winner. At anything. You only have to believe it, absorb it, and practice it. One has to take responsibility for their life and make it happen. That is all. That is everything.

Bezos is a billionaire. He just sold some rides in his rocket ship. I hear $250,000 per ride. Nothing wrong with selling, even if rich. That doesn't mean he is a fraud. Why do people think if a vendor sells trading strategies he is a fraud? I sell nothing on ET and there are folks who think I am...

@themickey Glad to see you back. Hope the surgery went well. Volpri

Risk means potential for profit. No risk no profit. No profit …no Dillards… no Texas de Brazil.

That first wedge in my snapshot above is actually composed of a spike (on a larger TF it would appear as a 1 or two bar spike wedge i.e. the first 6 bull bars in this first wedge shown here). Shorting after that spike there was a PB then a resumption of the trend causing the larger wedge shown...

@NumberZ Glad to see you doing a journal. While such patterns as wedges ..triangles ..pb's trend lines...etc are embedded in what Brooks teaches not every wedge has the SAME probability of succeeding. That is important to understand. This is WHY a lot of traders give up on trading such patterns...

The market cycle The market cycle should always be a context one wants to identify before attempting to trade. It determines the tools one will use.

What makes Bama evil?

It is a 1min chart. It probably was not the chart I was trading from. I don’t remember. I usually don’t trade 1 min charts. I think I was just showing the implied PB trades taken on a 5 min chart were an actual PB on a 1 min chart. As concerns the range you drew in. On a 5min that would not...

Bama…evil empire?

What I talk about in this journal applies to any instrument. It is PA. One does have to make adjustments as some instruments are more volatile than others but PA is price action.

Aggies pulled it off. They outplayed that Bama team in the first half and made it look like they were the number one team.

Gotta go ….football time. You watching them aggies speedo? Energy should be high. Bama is good. Will they be good enough?

1) Yes I have always loathed losing. It eats on me. Of course, trading is about making money but it also is about liking what you do or burn out will soon appear. I had to devise a way I could scalp quickly, maintain a high win rate so I could be “happy” while trading. I simply could not stand...

Brooks will tell you flat out “you use too tight a SL and you WILL lose.” A trader needs to trade smaller size if trading one’s normal size is too big of a risk for the appropriate SL.

On a day like yesterday i.e. Friday where we had a lot of TR in the ES & MES many traders would not even trade it. To their mind the market is going nowhere and it is all noise. I made 9 trades (and certainly could have made more, but had other things to do) and extracted 23 points out of the...

My post #1607 may shed some light on this. I do not fixate that much on R:R (reward to risk) as all the gurus do. I am more interested in the probability of my trade hitting my PT before it would hit any SL I would devise. And if I can maintain a high win rate then all things come out ok in the...

No set amount in terms of points. I use PA based SL’s and the size of the SL is dependent on the current volatility of the market. Usually they (my initial SL’s) are a previous swing high/swing low but if I am in a trade with a large strong BO spike bar I may set the SL at 50% to 70% retracement...

Here is a post I made in Padutrader’s journal (Tribute to Brooks). Just thought it good to repeat it here. It has to do with counter trend strength specifically related to PB’s. And how to identify when a PB is likely ending and a continuation of the former trend is forthcoming. I. Other words...

Exactly. That I call a PB reversal. As I have mentioned in my own journal. Take for instance, a bull trend that has a PB. First of all, the PB was caused by bulls taking profits or bears attempting to reverse the bull trend into a bear trend, or a combination of both (more likely). So, how do...