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"My question is how do you determine entry points. I'm a systematic trader and like to quantify/backtest things as much as possible but i'd be interested to hear from the discretionary guys as well." Determine entry points from the quantifying and backtesting you do. That tells you where to...

bmw made a very smart post there too.

All the work is done for you, learn price action here http://priceactiontradingsystem.com/ You think the key is to know when price is reversing, but reversal is just one kind of trade. Best trades are going with price not against price.

You don't need to predict price, just trade good odds. You don't know if last low is a W or not, so just buy the last low and take a small stop, say 10 pip. on the ones you're not stopped let it run. Your winners are 5 or 10 times the loser, good odds!

He shorted oil at 94.00 so probably up another 15K today

Tuesday you long CL at same price where you close all CL today. How does 20K make 15K profit with same entry price and closing price and only margin to hold 3 car overnight and drops 3 pt from long position?

http://www.youtube.com/watch?v=fdSLP-qz_fw

"When it goes to hell, that is a good time to put it on for real." Oldtimer that is really funny!

"I kinda got trapped taking five handles of heat before this weeks swing went in my favor." OK you sold a trend line and it broke out instead of falling and there was bad news out of Europe and it went back in your favor. How were you trapped? You mean you can't get out if it kept going...

''Its physically impossible to 'trade what you see', as the ONLY thing you can see is what has ALREADY HAPPENED IN THE PAST," You ever notice how a certain thing that happened in the past happen over and over again? When you notice that, you take a picture of it in your head and next time...

You are funny Rangetrader! When I feel like buying I'm counting on the pro's to drive price up, and when I feel like shorting, I'm counting on the pro's to run price down, so I can get fills on my take profit orders! I think "pro's" are a bunch of computers because the same old stuff...

"If wishes were horses, I would like to see the distribution of discretionary trades below for 2012." code: Conviction NumberOfTrades HC 20 MC 80 LC 320 This is completely backwards, does not everyone agree? Should be: Conviction NumberOfTrades...

Yes or I wouldn't know how to trade, it would be like coin toss, random, I guess maybe you can do coin toss trades and just make sure you take bigger profits than losses :D Real time, 1. Draw lines across lows and highs, if lines point up, uptrend, if lines point down, down trend, if...

Your friend's idea is only stupid for one reason, and it's not commissions. It's because there is no stop loss.

So, where do you want to get into the market? At a bottom, during the trend, or at the top? Think about it. What tells you it's the bottom? What tells you it's the top? Does anyone know this? No, they can guess, but will only know later, Oh that was the bottom, that was the top...

I'm real great at flight simulator! I will fly a plane this weekend! Do you think I will make it? I can tell you the traders who don't lose is the traders who have a teacher who makes them figure it out themselves. I learned from someone who made me figure it out. When you have to figure it...

Reading this article http://www.reuters.com/article/2012/05/25/us-facebook-nasdaq-losses-idUSBRE84O18S20120525 says "A market maker is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price." Why is there a separate firm...

There's too much stuff on your chart. If you use the price bars by itself, there's 6 good trading signals and all of them make a profitable trade. Can someone pleas direct me to real time trading forum for euro?

Those books are psychology, nothing about technicals, he says right in his zone book "The trading system you choose can be mathematical, mechanical, or visual (based on patterns on price charts). It doesn't matter whether you personally design the system or purchase it from someone else, nor do...