The only common element I have observed in every successful trader is disciplined risk management. One guy might trade off charts another throws darts, but ALL successful traders manage their trades/account in a disciplined manner.
Cokes
WOW :D
The first time I read this thread I was very excite because it was obvious that you were the real deal. I could tell from the clarity of your writing that you were making real money using this strategy.
Then I went through a period of frustration because I try to read your...
Anek I have attached the ER2 chart from Friday. On the chart I added some text. Could you please view the chart and my comments and see if my reasoning is correct.
Thanks,
Cokes
First thank you for sharing. I noticed you did not make a trade until 9:05 cst. Was there a reason for the wait?
When I have something of value to share I will. At the moment I am just trying to absorb all of the information you have provided.
Thanks again,
Cokes
First post with a chart. I am trying to understand this W and M formation thing. Would the rectangle I have highlighted on the chart be a good W formation? It is right below the congestion area and the top of breakout is right on the 25% line of market emotion. I know the second test of the...
I have imported the Ninja version and it is plotting a flat line. Any suggestions?
Again thanks to all the contributors! This thread is a great help.
Thanks,
Cokes
your thread is great. i have to say i am amazed you have kept it focused for so long. so many other great threads die because the author decides to respond to these trolls and the disease spreads. before you know it the author of thread almost becomes a troll because he is responding...
Could you please go into greater detail regarding averaging up. After analyzing your charts I notice you call every addition a "unit". Do you add the same amount of contracts to each unit? Do you have a rule regarding how much profit is in the initial entry before adding?
I was...
If you have read AVK posts you will see that he ONLY trades with the trend also. I hope everyone can focus on the comments by AVK and realize the title is just a catch to get you to read the comments.
Cokes