Search results

"Relatively short time", ha! I had the luxury of being able to work on trading for most of my waking hours and I took advantage of that time to the tune of 70-80 hours a week. I'm sure many traders here appreciate your demonstration of precision scalping. (Surf, hope you can check it out...

pit open thru stock market open = megaphone formation, followed by bearish break: Love, The TA Fairy

I was in at 12:32 based on his chart time. There was a TL break and price pulled back up to the TL. Counter-trend scalpers who shorted a break of the 5m bar off the high were short @ 1411.75. Price drops to the 20EMA and their b/e stops are now at 1411.75. Price bumped its head there several...

Clearly I need the trip I'm about to make, because I traded right into the report today, don't think I've ever done that. There was that brief vacuous moment when everything sort of stops and that was that. Good trading to all! :p

The spread was ridiculous at times, I swear it was .60 on occasion. I don't hold overnight, so not worried about monster rallies :p

Yes, but I have rules and one of them is "If something randomly catches your eye [BPT hitting the lo ticker] and you notice it's in a strong trend, look to get in on the next pullback." And I did, and the darn thing, bless it's trending soul, printed new lows right into the close, so it...

Your scalping posts have been really intriguing. It looks like we trade almost identically in terms of entries and exits (from what I've seen here in ES and on the CL thread). I also use the 1-min chart extensively and find places where price tends to retrace and take out all the nervous traders...

It's easy once you learn how, but it's one of the most counter-intuitive things I've ever done in my life, and despite a couple years of trend-following experience, there's a part of me that tries to convince me the trade will never work. I've just become accustomed to it and I know that the...

Doesn't he provide past performance stats? Also, do his "suggestions" have particular trade management rules and minimum profit targets? Without a solid framework, it's not possible to define the word "work" in relation to his "suggestions". When I was a noob I subscribed to an options...

Trading in the direction of a strong trend always looks easy after the fact, but 95% of aspiring traders are incapable of doing it. If you get burned enough times as an inexperienced counter-trend trader (me), you either give up or you decide you want to be on the other side of your awful...

Here's an illustration of a 1-2-3 setup on the 1-min chart. When this pattern occurs off a "key level" (range extreme, trend line/channel line, prev S=R or prev R=S, or following an "extreme" move), it's usually good for at least a scalp, and sometimes the start of a complete trend reversal...

I did! I gave you the Holy Grail, it just feels so damn counter-intuitive, it's hard to pull the trigger without the influence of major mind-altering substances :p :p

95.40 was previous S becomes R level, trying to hold there now P.S. - Tomahawk, I need a psych session in how to hold my nose and buy trend lines :p :p

A bit of motherly advice: Once you have a funded account, be sure not to try going long in a move like that :p

Are you saying you didn't have the balls to go long in there :D

This is the best definition I've ever heard :cool:

Yes, survivorship bias runs rampant in trading, and that's why it's important for any aspiring trader to collect hard statistics to back up any ideas they may have for a business plan. However, the TA naysayers are guilty of their own bias here, confirmation bias, which ensures that they...

That was Geez! He called every trade in advance all day every day and I was there all day every day for months and months and I never, not once, mirrored a single trade. Every time he called a pending trade I thought to myself, "No way that will work." I was so clueless about probabilities and...

Damn, you're goood! Knowing you, you were short @ 97.15. mfbreakout was short @ 97.18 :p :p

When price finally made a "decisive" move out of the chop, I positioned short off the pb to the 5m 20EMA with a lower channel tgt of 97.26. While it was working its way there, I had to leave and help out a friend and out of nowhere I thought, "I should just leave a stop at b/e and let it go...