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See why I went ahead and grabbed them profits on that third long trade while them HFT and algo boys were twiddling their thumbs. I rather just grab them profits with my "edge" and not wait a bunch of bars to make a profit. LOL I had rather wait for it to get closer to 20 EMA and enter again on a...

I was able to sneak in a third trade as wife got busy listening to a video. And I took a break from painting. The perfect time ROFL. It was a 3 point scalp. It is the last trade on the chart posted here. Here are the figures: Enter 3035.25 Long initial PT 3038.35 initial SL 3030 So... 70% x 3...

I gotta paint but will, later today,tonight, or over weekend post the comments for three trades of 5-28 And for the averaged down 2nd trade for 5-29

Ok I took two trades this morning 5-29-2020. After I crawled my carcass out of bed between 9:00 and 9:30 and my dear wife brought me a cup of coffee in bed. See, treat momma right i.e. paint when she wants house painted..make sure to take her to Dillards not Dollar General...and she will be...

11:31 Whew! I got lucky on bar 11:25. I finally get out at 3005 with an 1 point profit on my initial entry and a decent profit on the averaged down entries. Was this a smart trade? No it was a stupid trade. I gave up my mathematical edge for luck. That doesn't work too good in scalping. This is...

I will post yesterday's 5-28-2020 trades shortly but this morning I have taken 2 trades and in an averaging down losing trade. I took very small positions in this trade but averaged down 3 times after the initial entry. It is a great opportunity to show "how not to scalp" an averaged down...

Ok here are 6 charts pertaining to PA on 5-28 and they include my three trades (the only ones I made today and the only ones I will be making today). I have several things to comment on these 6 charts. Different perspectives as seen from different TF's and as seen as PA advanced throughout the...

Here are todays 3 trades: MES 5 min 5 RTH -28-2020 1 min RTH 24 hr chart with 3 trades of 5-28 on it Chart 4 below is what happened on RTH's 5 min chart as I was tying after the three charts above, and some concepts to think about. Chart #5 below is what happened AFTER my 3 trades...

I am posting ALL of yesterdays trades (5-27-2020). I took 6 trades in all. So no cherry picking here. All were winners. If I figure trades 5 and 6 and their averaging down and figure the profit from the average down BE (BREAK EVEN) point then I captured in yesterday's session 2 points on the...

Well thanks. Hoping it will help some trader. They would do themselves a much bigger favor if they would really really really study brooks but I just can’t say too much about that as I would promptly be labeled a shill for brooks. And I am not. But I do have alot of respect for Al, his concepts...

It is useful for a trader to do an initial structure of a trade followed by a secondary step of monitoring the dynamics of the trade as it unfolds after entry and making dynamic adjustments to SL’s, PT’s and any successive entries such as scaling up or averaging down. Doing this i.e. initially...

If the story is true (and I am not saying it isn’t) then your friends problem is probably more psychological. He plays loose and fast with monies he made as profits in previous trades within the same session. He needs structure and pragmatic ways to employ profit conservation.

And here is what happened while I was typing up the previous post. The BO south of the range failed and price within 5 bars started going back up in the range. This is an example live of the inertia of the markets. In a range (defined as 20 bars or more sideways movement) 80% of BO attempts top...

I will post a chart showing two trades this morning in MES. These are an example of playing the outer edges of a range and using the traders equation. In both cases the equation was positive after plugging in the numbers. I assigned 60% probability then just let the trades run to see my actual...

Good thinking IMO! I might add just don’t forget the larger and immediate context of the setups. And you might want to learn to apply the traders equation to every trade if you have never done so. Rules for a setup for an entry can be exactly the same but under different context ( PA to left)...

Entry is just as important as any other aspect of trading..i.e. management..risk..PT...drawdown...execution...psychological aspect....etc. I agree 100% we should all attempt to get good entries. The problem is that even at our best we can be wrong 40% of the time, except in rare occasions, such...

Yes it would have gotten filled. Line graphs in trading typically chart the closing prices over a time period. That said, they can be constructed to also chart different elements about price over time. But typically the close is considered important as it sort of filters out what traders often...

Why don’t you post the chart. I might feel giddy enough to make a few comments. Whether they will be useful or not is a totally different story!

What I figured. I am all eyes and ears. Willing to learn some more magic...if for no other reason than pestering my friend Fedex. lol. You are all talk and no show. Yada yada yada. In the business of helping others trade against you? What 5 tiny contracts in Mes Or ES. Gonna hurt your trading...

Thanks. I am glad you are successful. I hope your mechanical system keeps working for you! My wife definitely prefers Dillards!