Back then I had some opportunities to observe PABuster's real-time trading and he blew me away with his price action scalping abilities. My brain/hand coordination was insufficient to trade like that!
The Trouble With Scribbles
- Thread starter Buy1Sell2
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Back then I had some opportunities to observe PABuster's real-time trading and he blew me away with his price action scalping abilities. My brain/hand coordination was insufficient to trade like that!
Back then I had some opportunities to observe PABuster's real-time trading and he blew me away with his price action scalping abilities. My brain/hand coordination was insufficient to trade like that!
I can confirm this, he's extremely adept.
This is the worst, and of course no traders ever share when this is in fact the price action that results. Either the experts can see this in advance and know not to trade it, or they simply don't want to show what they do with it.
Oh how jealous I am ND that you were able to actually observe someone do this in real time. Was this in a trading room? Was this by being able to watch his screen or was he simply calling out/typing up trades as they occurred? I'm always curious about stuff like how quickly a trade would be bailed on. 5 seconds after entry... 30 seconds after entry? I know each situation is different, but given that the only trades ever shared for the most part are winners, I wonder what the losing trades or scratched trades look like.Back then I had some opportunities to observe PABuster's real-time trading and he blew me away with his price action scalping abilities. My brain/hand coordination was insufficient to trade like that!
You know... you're dead on when you told me way back when that I am searching for the perfect trade. But since all I ever see posted by the experts are perfect trades, I'm led to believe there are only perfect trades out there.
But there is the use of 1 min bars, which you also stated way back when that 1 minute bars weren't all that good for SLA. So if the exact entry is up to the trader, if its up to him to decide what constitutes a breakout, then you can't really say that the SLA is backtested, because in order for it to be backtested, it has to be so with very specific variables/values.
So often you and 40D say the RET is in there. But where is it? Is it one tick higher, then price drops one tick lower, and then goes two ticks higher to make a higher high? This is a RET. This is similar to saying the rejection is there. Where is the rejection? When price drops 1 point lower from the level you were watching? The fact that this level is even more of a range makes this so much more complicated.
The devil is in the details. And when you say its trader's choice, you cannot say SLA is backtested. Sure each trader is responsible for how to move forward, but without firm rules, all you're really saying is buy when its going up or sell when its going down.
I'm not arguing with your ability to describe the market or how to go about analyzing it, but what the successful traders have going for them is an immense amount of screen time, not simple rules. Its a huge subset of rules that I think are almost subconscious, which could very well be why you also say that this stuff cannot be coded.
I read your material, 2 losses, it's chop, stand on the sidelines.
Then you miss the breakout, shall it come, or continue to take 2 more losses shall it not.
*sigh* lol
You not following me.
If you get 2 consecutive losses at the key area, you assume chop, and stay on the sidelines.
If it does a breakout past that, you miss it, because you stop after the second loss, and if you have a rule to continue on the new, supposed breakout, but fails to breakout, you get new losses.
Care to digest?