Surf's Special Situation Journal
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Oil's trading, slowly, but my price action setups worked fine, between 8:40 and 10:30 ET, six setups triggered, five reached minimum target.
Technical price action day trading works through all market conditions. It's not an edge that will disappear as long as there's a liquid market to trade and the market participants aren't all trading in the same time frame. These qualifications have held strong for as long as I've been alive, so I will continue to assume they'll hold until the markets shut down for good.
This thread is entertaining, no doubt
Quote from NoDoji:
Oil's trading, slowly, but my price action setups worked fine, between 8:40 and 10:30 ET, six setups triggered, five reached minimum target.
Technical price action day trading works through all market conditions. It's not an edge that will disappear as long as there's a liquid market to trade and the market participants aren't all trading in the same time frame. These qualifications have held strong for as long as I've been alive, so I will continue to assume they'll hold until the markets shut down for good.
This thread is entertaining, no doubt
wow six setups in two hours .. you trade tickcharts ?
scalp for 3-4 ticks ?
You just admitted the other day that even if a trader, who uses TA, has success in that combine, that you would attribute that success to proper money management, and that their success was in spite of TA. (Think AustinP)
You already have your mind made up. Why would anyone waste their time and effort "proving their words" if you are just going to stick to your preconceived notions anyways?
You already have your mind made up. Why would anyone waste their time and effort "proving their words" if you are just going to stick to your preconceived notions anyways?
traderchi128
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Quote from NoDoji:
Oil's trading, slowly, but my price action setups worked fine, between 8:40 and 10:30 ET, six setups triggered, five reached minimum target.
Technical price action day trading works through all market conditions. It's not an edge that will disappear as long as there's a liquid market to trade and the market participants aren't all trading in the same time frame. These qualifications have held strong for as long as I've been alive, so I will continue to assume they'll hold until the markets shut down for good.
This thread is entertaining, no doubt
I trade energies and AGS as well. With the huge decrease in volume and volatiity today I'm on the sidelines. Days like this are not ideal to trade. But nice job if you did well today.
And yes..price action trading works in ANY market. That's the beauty of it. Along with realistic profit goals and defined stops/good risk management it will work forever. I know guys who started with me in 1992 who trade a price action based strategy. Still doing great 20 years later. They do adjust parameters based on volatility, but their risk mgmt has stayed the same. I was lucky enough to learn from these guys back in the day.
I am. But I didn't counsel for money for a long time. Trading is much more interesting to me as a business and much more profitable. Also in Russia people more likely visit some quack than a psychologist when they have problems.
As for the evidence... If you don't know something, does it really mean anything? And what is a "good lifestyle"?
P. S. I wasn't "poor" before trading, I had decent (especially for Russia) income from other business, but I closed it as I got interested in trading, which frankly was a mistake back then, cause it took me a few years to become consistent, but I was young and over-confident.
No, man, you are not understanding what I am saying. Clearly, folks with plenty of OPM, institutional level access, edge and leverage can make a fortune trading. I am talking about at home retail guys who start with next to nothing then claim to have built that amount up to the massive amount needed to actually trade for a living while maintaining above unibomber, midwestern living standards from nothing but their day trading over a number of years. I don't believe these folks exist despite the claims-- if they do, there is another income source or personal wealth that actually pays the bills. surf
Quote from cornixforex:
I am. But I didn't counsel for money for a long time. Trading is much more interesting to me as a business and much more profitable. Also in Russia people more likely visit some quack than a psychologist when they have problems.
As for the evidence... If you don't know something, does it really mean anything? And what is a "good lifestyle"?
P. S. I wasn't "poor" before trading, I had decent (especially for Russia) income from other business, but I closed it as I got interested in trading, which frankly was a mistake back then, cause it took me a few years to become consistent, but I was young and over-confident.
Family money? I know several extremely wealthy russians-- richest and wildest spenders I have ever seen--- I know when you folks say "business" you are not talking about the local pizza shop... surf
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