Yes, I did, and I use it often. (I'm not supposed to be watching the DOM, though, that's not part of my plan!) :D
This quest is depriving you of success as a trader. Although I don't know your trading plan, I'm fairly certain that if you apply your rules...
I'm curious how Level 2 data can be useful at all in day trading considering orders can be hidden/iceberg, and can be pulled instantly as well....
The concept is the same. Once certain lines in the sand are crossed, smart traders and buy/sell programs pull or move orders to the next key level...
The most powerful information to be found in this video is in Lakai's description below it: "Contrary to what most people think, markets drop due...
Uh...this seems to answer the "is it real or sim" question. o_O
What he said! Everyone I've worked with (including myself) who was drilling down to 1-min or similar tick-based bar intervals, was focusing on...
I especially enjoyed the "1-min" charts. You guys trading off that are amazing. :cool:
I look for a trend line breakout pullback (reversal signal) and off that a higher high (longs) or lower low (shorts). At that point I assume price...
The trend is the easiest money in the world for day traders. There's usually a trending move at least once a day. Just wait for that "30% of the...
Slight modification of Auto's post for me: I use past price action to predict the likelihood of future moves. I use TA to determine with a...
Two thumbs up! Speaking of edge, I'd like to take a moment here to thank all the traders who try to pick tops/bottoms in strong trends. Your...
I love this blog post from Cornix quite some time ago: "With regard to the psychological training of professional athletes, particularly...
I do think such a thread would be useful as long as the hindsight analysis is fair. Just because a trade ended up unprofitable doesn't necessarily...
This reminded me of the one time my son expressed interest in trading. One of his co-workers traded Forex and one evening when he came over he...
Losses aren't a problem because all solid trading methods will incur losses. The problem is when a trader sees a pattern (price bars or indicators...
Yes, absolutely. Same with indicators. There is no pattern or indicator that I know of which, in isolation, provides positive expectancy. In...
I mean without looking at the patterns in larger context and/or without waiting for the behavior of price to confirm the more likely direction to...
Pure price action trumped both stochastics and internal double top/"failed breakout" signals at the time of the initial chart posting. It took me...
I've had extensive communication with a few traders who were floor traders or prop traders and whose particular methods no longer provided an edge...
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