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I distinguish from BO's and BO attempts. The former is when a BO attempt becomes a successful BO because it was a BO with FT (follow through). A BO attempt out of a range is just that. It is an attempt and not yet a BO. 80% of the attempt will fail and price will go back into the range within 5...

OK I gotta go. Done trading for this morning. Need to get painting. Gotta keep the lady happy. Maybe I will get to trade some this afternoon, we will see if she lets me ROFL. Summary, 4 trades all winners. All good TE. Lock in them profits! Cut them profits shorts. Three straight short scalps...

Ok here is the MES trade, a riskier 1 point trade with bigger position size up front. Price just barely above the half point of the evolving range which was not yet 20 bars of sideways move so not yet a range. It was a quick short scalp.

Here is a third trade just taken. Again range trading short in the top 1/4 should have averaged down some but didn't "you snooze you lose." Anyway, it was an 8 point trade. Previous to this trade I took a trade in MES and will post it next. So 4 trades this morning while typing these posts and...

Ok second trade minutes later. Price in top 1/4 of range. I short and exit 8 points later on move towards middle. Again range trading. Price will sooner or later BO of the range and it by now can be north or south with slight odds it will be north because of the larger context but when sideways...

Typing the previous post so here is my first trade of the day. Got to paint some more so not sure how much I can trade. Here is a brief explanation: Larger context. Coming off a bullish previous session todays session opened Gap up (together the larger context) then goes into sideways move...

Win rate is an important metric especially for a scalper. Too tight of SL's are a big reason most traders lose. It is rare a perfect trade comes your way. A perfect trade is one that has "big reward" "high probability" and "low risk" Some would argue why not just perfect the entries. That is...

Whatever floats your boat. That is the most important thing. It has to suit you. Traders are always looking for certainty in setups but we can never be certain. Even our best efforts can be wrong and we are all trying to outguess the market. I go through the process to help me define the...

A poster named Tradingismybusiness told me there was a better way than averaging down. He said to exit the loss and then enter again lower. He said he would beat me every time. So I asked him to do it and show it even on a SIM so we could see if his idea worked in real trading or was just a...

And here is what happened after I took that averaged down trade. I got out just in time. See that is why I adjust the PT by one of the two methods I explained in my previous post. Price by going against my original position indicates some weakness coming in even though the trend has been up from...

There are different ways of doing it. Lets look at an averaging in long trade. How does the process work? I try to keep it simple as it can get complicated. So I assign the three variables initially as if it is a straight long scalp ..to start with. I want the traders equation initially to be in...

I don't believe the market is random. But if by random you mean just taking any ole trade regardless if it is one of your setups or not then the process for such a random trade is exactly the same. You have to look at the contexts and say "if I enter right now" can I structure this trade (by...

Contexts, the larger and the more immediate helps to set the probability figure. It is basically one's best guess that price will reach their initial reward before it will take out their stop. Let's say you have no set reward. How will you figure or assign probability? In this case since you...

I don't believe the market is random. But if by random you mean just taking any ole trade regardless if it is one of your setups or not then the process for such a random trade is exactly the same. You have to look at the contexts and say "if I enter right now" can I structure this trade (by...

Contexts, the larger and the more immediate helps to set the probability figure. It is basically one's best guess that price will reach their initial reward before it will take out their stop. In your case since you don't have a initial reward I suppose you would have to just consider; what is...

Institutions...Institutions...Institutions

See dozu888 was right! Hope he survived the bloodbath down. I said he would be vindicated. Where are thou dozzy? You should be taking a victory lap....

Not only are you pissed you appear to be arrogant and a bit huffy. ROFLMAO You must be a snowflake...

I don’t believe you need an edge in the sense of a secret setup but you do need a mathematical advantage to consistently extract profits from the market. A true edge is actually just a mathematical advantage. I will gladly tell you mine. It is the traders equation. I use it to structure a trade...

I am trying out a new technique (at least new to me) to avoid 95% of the weeding in my garden. You can view my before...yes before ...I tried a new technique. It is called putting down woven fabric. So here is the same area with the woven fabric put down. Then I burn holes in the fabric with a...