Thanks so much for your kind review of my work here. I'm very interested to hear feedback from anyone attempting to implement any of the ideas we've discussed. As always, consider this thread a buffet of possibilities. Not everything will be ...

Trend Trading

Ric, I agree that it's almost impossible to know a good setup from a bad one. People who claim to have some secret mysterious method are just full of crap. Usually they are trying to sell something or they just like the attention. We all must take ...

Trend Trading

We've discussed cutting losses short and letting profits run as well as adding to profitable trades quite a bit here. Those are great tactics for the microcosm of individual trades, but there is a bigger picture to consider. I'd like to open the ...

Trend Trading

Thanks Soldier. That's an excellent quote from the classic Trading For a Living by Alexander Elder. That book holds a prominent place on my bookshelf and I hope to get a chance to read it again soon. We trade very similarly, but my trade durations ...

Trend Trading

Merry Christmas to all!

Trend Trading

Most are hard to find because they don't have time to waste in a forum, or they are busy enjoying the fruits of their labor. My latest wife is shopping, spending all my trading profits as fast as I can earn them. That gives me time to sit and post a ...

Successful traders are very, very rare to find

That's probably all too complex for me, but if you've got it, go for it! One issue I have with my trading is I must have decisions made by my system before I take action so I can remove emotional judgement. I suppose one could decide ahead of time ...

Trend Trading

Even though the market may have a large degree of uncertainty in it, I'm thinking we need a very definitive and deterministic trading plan to profit consistently. So the response to any situation can be planned out and backtested in advance. Some of ...

Trend Trading

Thanks for the replies. Of course, consider all this "food for thought". I'm always willing to look at things from a different point of view. Sometimes that's difficult to do without others input, so thanks again. Best success. - G

Trend Trading

I understand your question. Suppose price movement beyond the next few minutes is a purely random event that sometimes has a little bias (trend) imposed. Imagine it's like flipping a coin that is weighted so it comes up heads 60% of the time. You ...

Studying on Supply/Demand

Yes, I see your point and in my opinion the difference is very subtle, but perhaps important from several aspects. One is people hate to be wrong. Sometimes that causes them to stay with an obviously bad trade to avoid being wrong. If we consider ...

Trend Trading

I was asked a good question here by Taigen and I wanted to answer it. He asked something like, how can we place a trade on long or short, without trying to predict the future direction of price. Isn't just placing the trade on in one direction ...

Trend Trading

So I was reading a discussion by Mark Minervini of Market Wizards fame. He claimed in his long career he has met 3 types of traders, first those with no rules trading completely on gut feel, second those with rules but who fail to follow them, and ...

Trend Trading

While waiting for the shy but curious to ask Nivad a question they've been dying to ask a pro trader, I'll ramble a bit. When I left off my series on Losing Well, we had managed to enter a trade without (much) loss. Of course, we will lose a few ...

Trend Trading

That's great Nivad. As I told a newer trader the other day, as long as you are alive, you haven't failed until you quit. No problem rambling. This is the place to do that. I'm sure there are many traders out there that have a burning question they ...

Trend Trading

I doubt this will help, as I'm not sure anything will help avoid the years of difficulty necessary to master the art of trading, but here goes. Here's why you are having such difficulty making this work. Look at the markets like a casino looks at a ...

Studying on Supply/Demand

Hi Nivad. Thanks for your reply. That's very fascinating. How long have you been trading? Unless you are some sort of savant, I'm guessing many years. Your reward to risk ratio must be quite high. It also sounds like you have very strict control ...

Trend Trading