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    Mark's Price Action Course

    Yes, true but in the final analysis what is all this about?
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    Mark's Price Action Course

    What are transactions? Or what do transactions represent?
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    Mark's Price Action Course

    What is volume?
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    Is this approach valid?

    Range trading...sideways movement...go long in lower third ..exit in upper third...short in upper third cover in lower third until range ends with a BO. I’m going long right around green square. Bull reversal bar followed by another bull follow thru bar and in the bottom third of range.
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    I'm out

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    Grail Trading Formula

    Would you say price will probably go down more before it goes up?
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    Why do traders fail?

    Actually I should say the POTENTIAL in short-term is ALOT more if one knows “how” to go about it and “dance with the chickens” so to speak.
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    Why do traders fail?

    In reality it is the exact opposite. Much more money can be made short term than long term...way more.
  9. V

    Why do traders fail?

    Ok what does your calculations say about the ES on that chart? Short or long? Or is it not enough info in the chart for whatever calculations you use? What would your brain say if the chart looked like this?
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    Why do traders fail?

    I know what I am looking for the the ES for entry purposes in this immediate context. What are you looking for. Do you think the pressure is on the upside or the downside at this moment?
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    Why do traders fail?

    Look at the ES this very moment on a 5 minute chart. What is it saying? Look it up.
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    Why do traders fail?

    That is easy to answer. Go with the pressures. What is hard is learning HOW to determine the pressures. That is why so many indicators have been invented. Trying to mathematically determine where the pressure is at ...bull or bear...however, it is all in the charts. Years ago I once read “price...
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    Why do traders fail?

    You are missing the point of the question. The brain intuitively (or perhaps at least unconciousley, at the min) can process patterns and their relationships and relate them to the whole and draw conclusions faster and better than any known computer. That is why when algo’s fail and quit working...
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    Why do traders fail?

    And here is what after happened after post #44. From post #40 the spin of the PA wheel screamed SELL...ROFLMAO and the wheel of fortune was correct all the way down to post #44. That means jackpot! $$$$. So....what happens after post #44? DIRECTION SOUTH..SHORT. It was all anticipated beforehand...
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    Why do traders fail?

    Hilarious...but it appears to be stuck on HOLD. That can create big losses...ROFLMAO
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    Why do traders fail?

    Of course it could turn but the point is do we take advantage of the weakness so highlighted now. To me the screaming “get short.” A big bear bar then a PB within a larger context of weakness indicates to me probable continuation of the southerly trend. As it turned out the market kept going...
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    Why do traders fail?

    So what happened in the larger context? What is the larger context of the chart posted in my post #48? Ok here is the larger context. Big long range to the left. Then we see a BO of that range that formed in the overnight globex session. That Bo then morphed into a smaller tighter range...
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    Why do traders fail?

    Now it looks clear. Short...short appears to be the direction. However the market can do anything. It could reverse here and fill the gap. That would be a lower probability. But if it were to then a measured move up we almost certainly happen. Anytime a lower probability event happens then...
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    Why do traders fail?

    I say clearer because it is useful to view an opening gap down as a big bear bar. For that is really what it is. That Gap down in my post #48 is really this big bear bar. So...now instead of the opening of today being a bull bar it is actually a larger bear bar (that includes the bull bar...
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    Why do traders fail?

    Yes mickey short is correct. Now if you saw this would it be even a tad clearer?
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