Yes the entry is also mechanical. It is defined with multiple steps of criteria that has to be met, but given that I only trade that setup (actually I trade 2 setups) I am so familiar with the setup that all those steps have now gelled into a 'picture' for me, that I can recognize instantly, and actually recognize as the setup or picture is forming, before it fully completes.

Post # 98 on this thread.

@ bobbyacim

Several others have pointed it out already, but I sincerely hope you stop your search; People with a profitable method won't sell it...

You have start to think conceptually about what you are trying to achieve and then do some statistical analysis. This does not have to be more complex (to get started) than doing manual backtests on ideas you formulate.

As for your reluctance to use wider than 5 tick stops, I would disagree. Most beginning traders use tight stops out of fear, but it is more costly to get stopped out on 6 5-tick stops than one 15 tick stop... Your stops should be relative to the average fluctuations of the instrument you are trading, thus avoiding being stopped out noise.

I've met many traders in the last few years.

A lot of traders called themselves "Professionals" and wanted money in return for their knowledge.

A few traders I found to be very good teachers but live they couldn't trade profitably.

And many traders called themselves "Professionals" who didn't want money in return for their help just pure attention.

I read many forum posts, ebooks, courses, video courses, software, twitter, market profile.

I tried many instruments. Such as equities, options, forex, futures, interest rates, stock indices, etc.

And after wasting pretty much thousands of hours on all that I was ready to give up until I decided to give it one more shot and this time do it on my own from scratch. No indicators, no software, no outside help what so ever.

And in the end do you know what it was that helped me?

Experience.

Jesse Livermore once stated that you can put all your ideas on index card and give it to someone else. But one thing you can't give to someone else is experience.

Now I flip through the various currencies and commodities that I trade and when I see something that I like, I just take the trade. Its pretty much almost automatic or you can call it woman's intuition, I just see a setup and I tell myself "I just have to take this trade, i just have too".

I take losses all the time but I can pretty much have 5-6 loses in a row and it would take 1 winners to put me back into profit. I just jump in, and if the trade doesn't move immediately, I bail, losing spread and commission usually.

You know that old saying how a woman decides in the first 60 seconds if she will end up in bed with you at the end of the night? Well that's pretty much how my entries are. Usually within the first few seconds I can tell if this trade will end up working out or not, and will I make little profit or a lot of profit on this trade.

Everything I have learnt up until this point I have learnt on my own throughout my own experience. Now I can pretty much trade in any market and under any conditions. From the boring choppy Asian lunch markets to the fierce volatile Greek Austerity debate.

When I try to help out a few newbies I simply tell them to observe the market live, 16 hours a day and find a way how to profit but they keep saying the same old, "can you put that in an ebook", "can you post your trades live", " can you post your live statement", "can you make an EA", "what is the name of your system", etc, etc.

I really don't think trading is at all that difficult. It's much easier, cheaper, and faster to get into than any degree or business. I think the reason why most struggle is because they are not willing to put in the effort. Like Mike said, they pretty much don't want to gain the experience on their own they would much rather pay to learn about someone elses experience. And the problem what that is that most of those courses, ebooks, programs are all pure scams. Because I know for a fact I would not waste hundreds of hours designing a PDF to sell for $49.95, and go through all that hassle of promoting that eBook since I could make the money much easier and faster by trading myself.

So your a consistant, profitable pure price action day trader! WOW, a very rare breed!
May I ask how long it took you to become profitable?
Do you have a pre-defined pattern(s) your looking for or do the pattern(s) find you as they taking form?
Could you show us some of your charts and trades taken?

Thank you

I think traders who can trade like this are indeed a rare breed.

I doubt there are such people. I would think these people simply haven't managed to explain in words, or quantify what they are seeing on their charts.

I doubt there are such people. I would think these people simply haven't managed to explain in words, or quantify what they are seeing on their charts.