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OWiz did not describe a specific setup; he mentioned a scenario in which you've already identified and researched a setup with a better than even chance of succeeding ("For futures, let's say during a down trend, you use a trade setup based on your prior discovery or on a book to take a short...

Brother Surf, here is a time-stamped (pacific time) call based on precision technical analysis. Scalpers who know an instrument well and use Brooks-style TA can frequently get this precise with our targets. ADD: This is Sept CL, by the way, if you're wondering what the heck .16 means :p

These are these lines on my 5-min chart generated by an indicator called "Pivot Points" that I added back during our Skype days. I think you mentioned them, but it might've been Ray. For some reason I never took them off the chart and I noticed that the LOD today went but a single tick below the...

Thx, I still have pivot levels on my ES chart from way back in the day and price found support there to the tick. You'll be taking a nice vacation on your trade :D

They all went to the bar to max out their credit cards :p

WTF was that all about? :eek: I rarely trade the last 15 mins because it tends to get whippy, lol

To you and Dan: Was your entry signal there based on the pivot level?

Ain't that the truth. :cool:

Surf knows I've called plenty of trades in advance here on ET, based on technical analysis. If I got all of my former trading roomies to confirm that I trade the same TA based setups all day every day and make money doing it, it wouldn't change the mind of anyone who claims that TA doesn't work...

Here is the "free to everyone" description of this setup with trade management suggestions from my favorite "common technical setups that work more often than not and have done so for years and that frustrated traders who don't do their homework claim can't possibly work" web site...

It can't very well illustrate a measured move break out of a bull flag channel until after the fact, can it? :D

You mean kinda like this perfect measured move breakout?

Similar phenomenon: Traders who hold a loser to the full stop out, but as soon as a trade runs a few ticks in their favor, they move the stop to break even because "there's no way to lose if you do that". :eek: :confused: :eek: Agreed, these trades are ATM machines.

They work very well but the vast majority of aspiring traders don't do the work necessary for using TA successfully, or they do the work but cannot cultivate a trader's mindset or code their system to trade automatically. Why do people undergo heart bypass surgery when it was proven in...

Do you trade strictly for profit or loss, or do you have rules for exiting break even and discard those trades?

I put on less than one "intuitive" trade out of every 20. Intuitive means I took a break, returned to my desk and see a move-in-progress and I missed the entry price I would've used per my trading plan. However, I "intuitively" know that a strong trending move on its way to the next key S/R...

I remember when I'd started dabbling with the 6E and you dropped in and told me you trade it with a max 6 tick stop. I honestly didn't believe you. I couldn't imagine any way that was possible. You told me you cross-referenced the smaller time frame to time the entry just right and I think...

XXXOOO :)

I was present throughout most of that journal and beyond as every trade was called in advance in a real-time chat room. There was no way to fudge it because he placed stop orders to enter trades and called the price at which he was planning to enter ahead of the entry. Geez is an experienced...

Are you insinuating I could challenge Don Bright to a 5m chart trading duel and win??? :p