My many years of stats are based on a 5-min chart with a 1-min cross-reference for entries and a 6-8 hour lookback window of which to draw trend...
This chart pattern offers a full array of technical price action trades that produce a profit equal to the maximum necessary risk more often than...
Cutting losses quickly can be an account killer when handled incorrectly. I believe it's very important to know in advance the price level at...
I, too, prefer "confirmation", meaning I will trail a buy/sell stop using the chart with the shorter bar interval (1-min for me) to initiate a...
One of the best concepts I learned from Al Brooks is to take advantage of counter-trend traders stops. I've often seen posts on ET about people...
I prefer to cut losers quickly, so in the pattern shown, if price appeared to find resistance at that previous support level, I won't give it much...
Tactic 1) Once D occurs, you can place a limit sell order at B. This is an anticipatory entry method, meaning you anticipate that previous support...
One of my all-time faves :cool:
I still use the DOM. Tried trading directly on the chart and didn't like it at all. My most profitable trading always happened in the first 2-3...
Here are two examples of my "pet bars": 1mcpfcbL - 1-min continuation pattern fade containment bar low 1mssmonf - 1-min shooting star in the...
The 5-min chart is my "go-to" chart. All my initial signals come from the 5-min chart. I only use the 1-min chart to choose entry prices to...
I've never heard anyone say this before. In the processing of automating I ended up giving each price bar a name and contained within the name of...
The problems I've had regarding impatience, ego, beliefs, difficulty with accepting losses, and so on seemed insurmountable at times. I no longer...
What still makes my jaw drop (usually on a daily basis) is a certain little counter-intuitive setup in a new trend or strong established trend. At...
The forex market was not geared to wrong side you. Your "ego issues" and impatience result in poor trading decisions and the negative results...
I trade CL and stock index futures and I frequently get filled at high/low ticks of a price turn. However, I place my orders at levels where...
I have no idea what size people trade. I've never traded more than 6 lots.
Only trade through the report if you're comfortable with 40-50 ticks of slippage in a stop loss. :D
Stops greater than 10 ticks on CL are rarely needed for intraday trading based on a 5-min chart or equivalent if you study the CL price action...
I haven't used a 20-point stop in CL for years. My stops are between 2 and 15 ticks depending on the setup. Having a stop below/above a previous...
Separate names with a comma.