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Very old post by another trader that I took to the heart. There are only three types of trades I do: 1. With-trend value entries (pullbacks in the trend that pivot near S/R or a carefully observed moving average in the given market and time frame, aka higher lows, lower highs) 2. Trend...

I love it. I've seen those often as well. It breaks out and pulls back then pushes again for the real wave to start. I remember someone on ET called them 1-2-3 setup. I find the second push a better set-up most of the time because it now has a higher high and a higher low as a result for me to...

This is from "Reading Price Charts Bar by Bar" by Al Brooks. Larger bodies in general indicate more strength, but an extremely large body after a protracted move or a breakout can represent an exhaustive end of a trend. The chart attached shows exactly that from ES yesterday 12/19/2017. To me...

This thread is more for self reading and reminders to myself. I'm a scalper still in learning mode so it's not really an advice for anyone either. If you happen to be reading this please feel free to read them or skip them. These are just general quotes I thought was valuable in my learning...

CBOE was also in massive premium compared to spot price. I think these two new futures will need some time for liquidity and arbitrageurs to close it in.

Sounds to me like FreakofNature might be writing options. Though I can be wrong. If you primarily sell DOTM options, you can literally have 99% winners for years and end up with one big losing trade but still come out profitable. For example, sell .05 delta OTM puts 90 days out and buy two .01...

Thanks! No, I mostly trade CL or sometimes NG. I use volume bars as well for my trading. However, I haven't been consistent lately and my funded account is just well... let's say consolidating. :(

How do you setup your targets?

Well completely off

Anyone watching the natty? It had a monthly aup for me last month spiked into 3ish level and then became a shit show for the rest of the month. I have the number lines at -1 for 30 and -2 for 5 days. Seems like down or chop again for this month. On the yen complex, all pairs look choppy except...

The fat man is just scared of getting overthrown by outside forces. He has the whole country as his slave, obviously doesn't like the idea of USA taking down their regime. While this isn't the first rocket that flew over Japan, it is the first one considered to be a weapons testing rather than...

I am funded and they are legit. If you seem to be doing something stupid they will call you to relax because well, it's a loss for both you and them. The commissions also seem to depend on the broker you choose. I don't think topsteptrader gets paid for the commissions you generate (could be...

Would like a word from the wise as well. Utilities and bonds have been making a lot of a-ups and c-ups for awhile. Yen seems to be strengthening. Russell have been falling all month. Spx is easier to fade rallies than selloffs. Feels like we had a mild parabolic top not too long ago. This is...

Absolutely right you are, but even my 5 day number lines were too negative :/

well USD/Yen failed at the monthly A for me last friday and is currently a confirmed weekly Aup since last night during the asian session. My number lines were still too negative so I didn't get any of that but what a bounce there along with the Nikkei.

I'm a funded trader (although it's under a hole right now and trying to recover slowly, lol) and I found TST to be fairly helpful in my learning process. I did blow at least $2K or so after blowing many combines then FTPs and I did blow a funded account before as well so to be fair, they lost...

funny how 108.89 is my monthly Adn level

Well so the yen obviously took off this week. I took some aud/jpy short earlier this week and closed them yesterday as it made a downs on both monthly and weekly and i feel like i got out too early but Mav had mentioned in previous years that it only takes 2 or 3 days for volatility to contract...

Hi Mav, What's your favorite pair for the yen at this moment? My number line is the strongest(weakest? it's a confirmed negative) on USD/JPY out of 5 pairs related to JPY. Although the short-term momentum reset for me yesterday. Anyway, next in line was the AUD/JPY. Isn't AUD/JPY a carry...

He did say it only happened 3 times so 3 out of 3 had happened I guess?