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  1. V

    Difference between newbie struggling trader vs successful trader

    It is true that prediction implies what will happen. Probability implies the likelihood of it happening. Mickey shooting his double barrel shotgun at a deer standing 50 yards away is thinking he is likely to hit it with at least one of the pellets is probability. Shooting his gun at a deer 3...
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    Difference between newbie struggling trader vs successful trader

    Maybe he uses a double barrel 12 gauge? Or a scatter gun?
  3. V

    Difference between newbie struggling trader vs successful trader

    Yea but you place a trade with a directional bias in mind or you would never..never..ever..place it in the first place lol
  4. V

    Rewind Back 15 Years

    Lol no it isn’t.
  5. V

    Rewind Back 15 Years

    In one of my previous posts I mentioned the most likely resolution of the BO that it would probably be north. As bears channels are functionally bull flags. Thus it ended up. I have included a snippet of that post for reference. So, if that happens (i.e. a successful BO on top side that does not...
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    Rewind Back 15 Years

    Another tactical trade within the same channel.
  7. V

    Rewind Back 15 Years

    Like I said there are many price patterns in the channel. Many tactics can be used. My post refer to what I would have traded at the point you made your entry using one of my tactics. That is all.
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    Rewind Back 15 Years

    I see Padu posted subsequent charts about the trade. Here are some more comments. Will make more later.
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    Rewind Back 15 Years

    I treat this PA as a range tilted into a bear channel. Is it broad enough to trade short and long? That depends on my min target objective. I want the channel to be in width at least 3 or 4 times my min profit object. Better, if more. If more, then can be trade both ways. If 3x then best to ONLY...
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    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    You make a valid point. For instance, look at the market phases or cycles. BO’s to Channels to Ranges. Then it does the same thing again i.e. BO from Range..then usually some sort of channel then some sort of Range. Now I use certain tactics for trading in each cycle or phase. So...let us say i...
  11. V

    Traded MES Yesterday

    Fedex AKA Overnight is right about this. Here are two charts from today... 5 min both. One on left is MES and the right one is ES. They track step in step like an ole mule on a mountain trail with 1000 ft dropoff. He puts his back foot right where his front foot was.
  12. V

    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    Ok
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    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    I say go long in my chart because it has ALREADY traded out the bear channel and the BO south has failed and price has reversed up into lower third of bear channel. This IS confirmation. Odds favor a move up to at least the middle third if not the top of the bear channel.
  14. V

    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    Sometimes I start with 1 lot if in a possible averaging down situation and will add and build. May end up with 10 lots. Or 20. Sometimes I trade one lot RT. Over and over. Much depends on context...mood..if I am feeling clear headed (as i am a diabetic and it tends to mess with my thinking) and...
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    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    I gotta go. Ain’t making no money writing up these beautiful charts for all to see and despise or love....but it is my pleasure to help along the way with some concepts..NEVER FORGET THE LARGER CONTEXT OF THINGS. AND.. IN ALL MY CHARTS TODAY I AIN’t advising anyone to actually trade. You can...
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    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    I don’t recommend anything. I am just throwing sone concepts OUT there. How you use them is your business. I ain’t responsible. Read and enjoy....maybe get a little clarification from my information markups..LOL Remember divide range into 1/3’s some prefer 1/4th’s perhaps. I start getting long...
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    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    Range scalping. This range on on a min chart after bo above bear channel this morning. Might as well scalp it for 1 point over and over until we see what happens. Does price go back into bear channel or is the range just a flag and price continues up breaking out north? Gotta jump bye.... Ps...
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    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    Do you see what happens? BO out of bottom of bear channel fails within 5 bars. 75% chance this will happen. Good odds. So..I would be loaded up long for trip back into the range but couldn’t trade this due to marking up my beautiful charts for you guys...ROFLMAO. At the present price is in a...
  19. V

    Is there anyone here who is self-taught, consistently profitable and confident of continued success?

    Here are some trades on ES this morning showing live the concepts above. I divided the channel into 3 parts so traders could see more clearly what I am talking about. The first chart is 1 min chart. The second chart is 5 min of the same PA and the trades. Stats are below. 312.50 before comm. 1...
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    Traded MES Yesterday

    Check AMP if yu interested in trading micro’s. They have cheapest comm of all I believe.
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