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Reading Price Action
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Reading Price Action

  #61 (permalink)
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Patrick17 View Post
The more I read, the more confused I get... I must have a pea brain, or, most of you are looking for something that's not there... and although there are some valuable bits of information in every thread, I think we're all "lost Seekers of the Holy Grail" ... Whatever charts or indicators we use, or develope, or tweek, it's all there in front of us already. It all comes down to money management. Plain and simple. I make $1000 to $2000 a day, 4 out of 5 days, using the same setup entry and exit strategy, and I never deviate from it.
Thanks, Patrick

Patrick - stop. Step away from the computer. Don't change a thing. Gradually ramp up your position size. Then focus on play rather than work..... Ignore anything anyone says to you about trading ...except this post of course.... have a great day...and life.

PS - now you are going to be bugged to death to share...everything... you knew that right...?

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  #62 (permalink)
Market Wizard
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websouth View Post
PS - now you are going to be bugged to death to share...everything... you knew that right...?

We could just plug him in like they did Neo in the Matrix and make it a lot easier on all of us.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #63 (permalink)
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websouth View Post
Patrick - stop. Step away from the computer. Don't change a thing. Gradually ramp up your position size. Then focus on play rather than work..... Ignore anything anyone says to you about trading ...except this post of course.... have a great day...and life.

PS - now you are going to be bugged to death to share...everything... you knew that right...?

Patrick, Websouth is right: 1.5pts/car 4 days a week, if you don't loose 6pts/car on the 5th day , just add more cars, and don't change anything else, that's fine.
If you really want to have a runner, which is supposed to get more ticks than your usual 2 pts target, you may try an ATM strategy on the last contract, when your 19 other are already out, and your profits for the day are already done.

Success requires no deodorant! (Sun Tzu)
 
  #64 (permalink)
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sam028 View Post
Patrick, Websouth is right: 1.5pts/car 4 days a week, if you don't loose 6pts/car on the 5th day , just add more cars, and don't change anything else, that's fine.
If you really want to have a runner, which is supposed to get more ticks than your usual 2 pts target, you may try an ATM strategy on the last contract, when your 19 other are already out, and your profits for the day are already done.

You guys are so nice. Seriously.

 
  #65 (permalink)
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Here is an example of what a very basic ATM can do:
- 10 cars
- 8 ticks stop
- 5 cars out after 1st target (4 ticks)
- 4 cars out after 2nd target (8 ticks)
- 1 runner (with something like 14/2/8/10/10 as a custom stop strategy).
The ATM parameters are quite bad, the last car only made +4.5 pts, but it gives an idea of what can be done.
A quite good trader told me, one day: "You can have small losses, you can have small winners, but it's mandatory to have big winners !!!".

Success requires no deodorant! (Sun Tzu)
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Reading Price Action-2009-11-30_2229.png  
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  #66 (permalink)
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where do you guys get those nifty hollow candles from?

 
  #67 (permalink)
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cclsys View Post
where do you guys get those nifty hollow candles from?

See Big Mike's post #8 in the "Chart Label Indicator' thread over in the Elite forum

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  #68 (permalink)
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thxs. missed it because of the title, thought it was a paintbar to do with closes.

 
  #69 (permalink)
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Hi;
I want learn Price action Some how some links in the thread are not working
Regards

 
  #70 (permalink)
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Buddy View Post
Hi;
I want learn Price action Some how some links in the thread are not working
Regards

This thread is extremely old, and has been replaced with this one:

https://futures.io/elite-circle/3506-elusive-price-action-how-trade.html

I am closing this old thread.

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