Hello everyone hope your all well. Does anyone have any resources or books to learn TPO effectively.

[Overnight]

I will stay in paper/sim trading until I am ready to go live. I have two algos that is making money for the year. But my main focus is manual discretionary trading. I have not loss money trading yet.

As for me, I believe I am close to live consistently profitable trading. I still have some proving and work to do...

You are a fool for believing that. The problem is, you have been developing your system over how ever many years, based on the market action you have observed. That is going to change so fast, and catch you off-guard so quickly, that you will be scrambling to figure out what went wrong. And you will quickly find that it is not that you were wrong, but that the market f**ed you at the drive-thru.

Want proof? Trade right now, live. Stop waiting for the most violent times in the market during Q4. Trade it RIGHT NOW!

 

[MacBookProHo]

Only a FOOL loses his/her money trading. Only a FOOL thinks someone is going to show

My method of trading is starring at the chart and make my best educated guess on price direction for 1 hour per day.

A trader cannot devote just 1 hour per day to trading. Trading, hunting, waiting, understanding...is slightly more complicated than a fixed, block, square of time. That process strategy is flawed from the get-go.

If someone were to ask me to trade for 1 hour only....that's impossible, to be truly successful. You may be able, if you're lucky, to pick up some scraps left and right...but that's not a sufficient, intelligent, prospectus. A trader, and each trade, has to truly maximize the profit to ensure a healthy, fat, cushion between the inevitable losses. Imagine cutting a day's long trending market way too early, you would leave a ton of money on the table. I don't understand how you Scalpers do it...but if you're able to make it work, more power to you.

 

[easymon1]

resources to learn TPO

?
https://docs.gocharting.com/docs/market-profile-aka-tpo-charts/

https://elitetrader.com/et/threads/interesting-search-terms.365486/page-8#post-5670533

Break a Leg.

 

[SimpleMeLike]

A trader cannot devote just 1 hour per day to trading. Trading, hunting, waiting, understanding...is slightly more complicated than a fixed, block, square of time. That process strategy is flawed from the get-go.

If someone were to ask me to trade for 1 hour only....that's impossible, to be truly successful. You may be able, if you're lucky, to pick up some scraps left and right...but that's not a sufficient, intelligent, prospectus. A trader, and each trade, has to truly maximize the profit to ensure a healthy, fat, cushion between the inevitable losses. Imagine cutting a day's long trending market way too early, you would leave a ton of money on the table. I don't understand how you Scalpers do it...but if you're able to make it work, more power to you.

Good Morning MacBookProHo,

There is +XXX,XXX,XXX ways to make money in the stock market.

We do not have to know and understand all those ways.

The less you understand the better. Keep it Simple.

 

[easymon1]

If someone were to ask me to trade for 1 hour only....that's impossible, to be truly successful.

This means only something that you are too much of an egomaniac to admit... This means only that to " trade for 1 hour only" is something that YOU personally can not do.
Others can and do.

I don't understand how you Scalpers do it

Whose fault is that?
-
"truly successful"

A trader with
a profitable method
and only one hour of market monitoring time
most certainly CAN use that hour to make money.

Will that trader be "truly successful"
Define "truly successful", BooHoo

A self-actualization professional might take a look at your existence on a 24/7/365 basis and conclude that you are not "truly successful" by a country mile.

 

[MacBookProHo]

Will that trader be "truly successful"
Define "truly successful", BooHoo

There's only one Holy Grail, one Ultimate way to make money in the market. And once you have and understand that Edge....money can flow to you like a river, while others waddle around in the community pool.

It's not about ego or accepting other ways to trade. I'm just simply stating fact.

 

[easymon1]

There's only one Holy Grail, one Ultimate way to make money in the market. And once you have and understand that Edge....money can flow to you like a river, while others waddle around in the community pool.

You got nothin for us having to do with TPO?
When you got nothing to say, why not say nothing, BooHoo.
Why not start your own thread with the wisdom, crap, self-righteous egomania on display all piled up in one place for posterity.
Right, skyler? As you were.

 

[Leob]

300 bars of 12 seconds in 1 hour.. and in this days the market really moving.

 

[MacBookProHo]

When you got nothing to say, why not say nothing, BooHoo.
Why not start your own thread with the wisdom, crap, self-righteous egomania on display all piled up in one place for posterity.

Your close-mindedness and bitterness and small thinking and temperament will get you nowhere, in the market and in life. You should watch The Edge 1997....think like Anthony Hopkins in that movie, not Alec Baldwin or worse Harold Perrineau or the flight pilot. Trading the market is similar to being stuck in the wilderness, and being able to come out of it alive.

Consider this Million dollar advice and wisdom,

 

[easymon1]

Your close-mindedness and bitterness and small thinking and temperament will get you nowhere, in the market and in life. You should watch The Edge 1997....think like Anthony Hopkins in that movie, not Alec Baldwin or worse Harold Pinneau. Trading the market is similar to being stuck in the wilderness, and being able to come out of it alive.

You projecting again over there skyler?
What's your point?
Are you the shriveled little insignificant pelet that your posts portray you to be.
That would be impossible. There's gotta be something there.
Show us something. Anything.