(NEW to post #1): I'm only on demo. My own trades, right now: Penny-wise, pound-foolish. A 'pattern' is balance and balance, the start of a big move. A line pattern is a 'pattern' from which one makes good TL rays and perhaps also TL's (line ...

Pattern's Chemo-Electric Trading Journal

That's an unfair generalization. Several other pattern approaches make $; and, the idea of trading from formally-defined patterns often fails. Anyhow, best of luck to the thread starter. A few of the commercial members make their entire section ...

My J16 Style Trades

Another list.

No more BS - What have you learned?

(post #1 dump) LINE PATTERNS: method activities exercise, define, draw, select, review After set up the chart with and its indicators 1,2,3,4 and maybe a template also with a few old drawn items, ENTER THE SITUATION: warmup-exercise on the simulator ...

Pattern's Chemo-Electric Trading Journal

That you can have a really good sense of timing, or a sure knowledge of direction, but not both. SL's and long holds catch the drift.

No more BS - What have you learned?

demo — Hi, just exploring the interesting topic you put forth. a spin off this: The emotions greed and fear, respectively, may demand of you to use more or less of a chart study than is probabilistically effective. A mismatch of needs, that of ...

Controlling your emotions

Good post; natch on trading consistency. Missing is the value of creativity. People can avoid exacting data and, instead, use a gut-instinct driven combining of similar situations from past trades; get rid of a set of ineffective trading rules ...

An arguement for computers having supremacy over humans in trading

Yes, well, close. I trade line patterns on LFH simulator 1-5 hours a day (rate, about 10 an hour), and then add another described example to post #1. Right now, post #1 acts like a line pattern category takes over an entire area; it's far more ...

Pattern's Chemo-Electric Trading Journal

Thanks, CindyXXXX, for the vouch! Your originality, intense fervor, and positive spirit bring much to the forum. Time drawing devices are in several of your charts. I've tried several approaches to getting the idea of time -- Gann time, fib Time ...

Pattern's Chemo-Electric Trading Journal

A key ingredient of skill, besides the ability to earn lots of pips consistently, is to do so with as little risk, i.e. number of pips of in-trade drawdown, as possible. Also, skill level limits one's freedom (which makes more money) and gullibility ...

Thoughts on 50:1 Leverage

Not if you have enough of the chart going only with it at the time. There are so many ways to draw a TL because there are an infinite number of chart patterns, angle degrees, and lengths of affect that go with a TL. At the time you look at the ...

Pro Traders in a Random Market

"Do you factor in momentum and velocity in your calculations ?" This would be fairly obvious, if you looked at any of my charts. "Pairs" implies an evenness, a compromise exactly between two points. Momentum and velocity would be the reaction to ...

Pro Traders in a Random Market

demo, heavy losses to now, and g/u-experienced — I prefer to measure and summarize multiple trend angles and compare their and temporary patterns' symmetry and breadth; this leads to a continuous, if difficult, notion of the price-time line. ...

Pro Traders in a Random Market

What a crock. You know how tough it is to avoid an event that is, to your market study, "random and unexpected"? At the same time, both you and your market study will be inconsistent in reading the charts correctly, so that one day a trade you make ...

$1000 to $1,000,000,000 in 4 years

Demo'ed a TL whose patterns matched so well I had to share -- image image image image This doesn't happen often. It is prudent to look for shapes along a TL to see when the TL fails, however. (GF = Gann Fan) Oh, just to tie up loose ends: ...

balance lines

That's a good idea, rules. I'll try my own version, in case I ever make it: Use comprehensive method that is always simple enough to apply in a hurry. Use compounding between trades for lot size. Match it with SL and SL with TP. Use % capital ...

Forex - Tips for happy trading

The attitude that I decide after reviewing my entire life from information over the past few hours, changed along a cyclic graph and refreshed every new situation, dominates why I fail. Side effects of an attitude inappropriate for trading include ...

Pattern's Chemo-Electric Trading Journal

First in-depth is on my personal, everyday approach to money management. I describe it in general in this post. Below is a journal entry I just made using this approach: "08262010 trade 1: 1:34pm EST. I just earned $44.38 on my simulator. If I earn ...

Pattern's Chemo-Electric Trading Journal

Sorry about returning an old thread, especially one that has an amateurish subject. My point is, I'm trying to break through my own trading to move from demo to real so that I can be okay deep down about earning money. Agreed. From this, I'd rather ...

What do you think Professional Forex traders Make?

Without time, there is no history and thus no charts. This may leave order flow, if you only pay attention to most recent order's size etc. This'd mean including volume. News may work if, in your alternate reality, one is allowed to compare it with ...

A couple of statements about the FX market