Recent content by bthomp2

Price Action Andre I suggest you study price action only, get rid of any indicators because they are only telling you something that has already happened. Price action is 100% pure and doesn't lie. Learn to study it and only it and you will become an expert at tape reading. You will spot your...

Just pay your dues by watching price action movement. Do this daily for a few months and I bet something will click. Then do it again for another few months and something else will click. Like the above poster said! Experience is the best. By doing this you will also be able to come up with...

Hi all... Here's my 2 cents worth. First off is the fact that 95% of traders fail so do something different than that 95%. Follow the crowd and you will get the same results. The absolute best indicator is the price action, hands down. Trading is a probability business so when watching price...

No indicators! Only price action... The best advise I can give you is to forget about using any indicators, they all lag and only tell you what has already happened. On the other hand, price action doesn't lag, ever. Learn to read only price action without indicators and you are well on your...

Read This... A New Trader's Journey to Success by James Okada Lee Stage One: The Clueless Trader This is the first stage when you enter trading. You may have picked up a book on technical analysis somewhere, heard of a day trader making millions, or got lucky in an earlier stock investment...

I am curious to see how many other traders in this forum use a similar Loss / Profit trading the S&P Emini. I use a 1.5 loss and a 3.5 profit and never change a thing. Is anyone else willing to share how they use stops & profit numbers. I am really just curious! Be honest and you may learn...