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In my post #1319 above I made the following statements: "So, if I get a good setup I will take a position because as it could take off immediately in my favor and I don't want to not have a position on. Or it could go against me a bit (giving me the opportunity to average down) because I still...

Sorry for the long post. My brain just works that way answering questions. Readers will just have to sort through it.

Usually 3 times "scaling in" is enough in a scalping world where I plan to be out quickly on price probing action. Sometimes I will go 5 or 6 times but that is more rare. No, I usually don't double up on each average entry. For instance, if I start my initial entry with 1 ES I will, on my...

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Yes FT = Follow through For example: In strong large bull bar BO of a range, if the next bar is a good FT bar (like another bull bar) then I will treat that Bo as likely gonna be a successful BO and will go long and not wait to see if price will reverse back towards or into the range within 5 bars.

Well here it is 3:07 Chicago time. The final mug shot. Again price trades almost down to the bottom of the range and now is heading back up before the close. I hope this little live PA storytelling is useful. Or at least the cake making. Just practice the concepts on a SIM over and over. That...

Ok she made the second batch up for the second layer. She called me to watch. I'm doing great now ain't I? She is really in a good mood as that first layer baked out... top notch. Kinda like a successful trade. So, she fluffs the egg whites up with her kitchen aid egg beater then she dumps it...

Ain't left for town yet. Typical range BO failure. Remember, most BO attempts fail within 5 bars and price reverses back towards the range, and often to the middle, and some times all the way to the top. Still a trader needs to know WHAT to do the event of a successful BO and he has a losing...

Bye. For real this time. But first: My wife is making a 1,2,3,4 egg cake. Yep, that is what she calls it. Sounds like trading waves in the market LOL. Big birthday party tomorrow for my daughter-in-law. My wife makes her own batter. Then yolks go in the batter. Then egg whites are fluffed up...

Uh oh here we go RANGE 20 bars sideways action. Do we know what to do? What techniques to use? How to trade it? More importantly do we know what to do if we start range trading this and suddenly get hit with a successful BO up or down out of the range and we have a losing position on? I know...

Absolutely true! 100% agree.

Now look at this price action from naked chart. See why it can also be a MPBL trend day? (Medium Pull Back Bull Trend). What could have been made trading it as such? That is, if one doesn't like all the nuances and details of channel and range trading. Well, review my posts on SPBL trends and...

Yes, I realize that different folks define gaps differently. This is just some of the ways I see gaps. I also see gaps between MA and bars. Open and close of a bar and the bars before it or two bars back. High and high of adjacent bars or two bars back. High and low of adjacent bars and or two...

This is it! I simply gotta stop! But before I do LOL here is that channel phase materializing as I mentioned earlier. It is 11:52 now Chicago time and we can see by now that this second channel phase actually did indeed start with that actual PB on the 5 min chart. There are at least 20 bars in...

I would have been long at bar 9:45 by the close of that bar. I would not have waited for 5 bars to see if price is going back into the range. Why not? Several reasons: 1) BO bar is biggest bull bar in many many bars. 2) Gaps between the high of one bar and the high of the previous bar 3) Gaps...

Yes a no brainer. By bar 9:45 I would be long at the close of that bar not waiting to see if price goes back into the range within 5 bars. Why would I not wait? Well in this case we have three consecutive bull bars all closing above the previous bars high therefore gaps between the high of the...

Well well. Just got done typing my post 1297 followed by eating breakfast and decided to check the market. A dandy intraday BO. I could not trade it for typing and eating so I see I missed it all together. I gotta stop typing here at this point but I do want to make a few comments. Remember...

I decided to take a look at the market this morning since I crawled out of bed before the open. LOL. I took a trade right after the open a 2 point scalp. And then a second trade. Thought I would make a few quick comments as these two trades illustrate some points I have been talking about. This...

Probability is high he ain't gonna do it. You are likely wasting your time with the challenge. LOL Next he may want to see 6 months or a year. Then that too won't be good enough. Gotta have verified by 3rd party audit. Shhh don't tell him you could be killing in one account and losing in two...

@ Ken C...and others....My father-in-law (may he rest in peace) used to say "do what I say do, not what I do" ROFL He was actually a pretty good farmer. I wish he was around to give me some pointers on my garden. Some folks can do but cannot explain the ins and outs of their doings. Others can...