I have a few concerns about using ADR with this sort of system. ADR reflects a recent average. Tony is shooting for "epic" wins. There's nothing average about them. Also, relying on ADR assumes that the move and the trade will be over in a day. ...

There were no 140 pip winners from New York open in either 2000 or 2001. I agree that 2008 could be a deviation. It's also possible that 2000-01 is a deviation as well. There does seem to be a rationale for entering at the market open times. My ...

I'm interested in this idea and have done some rough backtesting of my own. Here's what I did: I looked at FO, LO, and NO on hourly charts. On a an up candle, I would look for candles with lower wicks of two pips or less. Similarly, on a bear ...

Also keep in mind that one of the factors involved in selecting a level is potential profitability. Let's say you are looking for trades with a risk/reward of at least 2:1. This means that your take profit will have to be at least twice your ...

Thanks, the new chart is very clear to me. I appreciate the help.

If you can, please post pictures of your trades, or give a description that would allow us to identify the trade on our chart. Price hit the 35SMA on EG several times last night. It would be helpful if you made it possible to identify the trade you ...

Does your swap area create an exception to Sam's rule that you never cross a candle when drawing a level. On your first chart, I would not have thought to draw a new level in that place, given the way price breaks through the old level. That means, ...

Sorry about the mixup on terms. I think you were probably composing your thoughtful reply while I was editing my post to the correct term. I tend to think of them as just being levels. I don't care if they are supply or demand. Similarly, I never ...

Stops with Levels on Levels — I'm doing my second reread of the posts here using Seiden's levels idea. I have a question about levels on levels. I've gone through about half of Seiden's webinars. He usually emphasizes that a level on top of a ...

In this trade, when taken, the MAs are actually fairly steep, but they have just turned. So I'm not sure that this is the fault of the trade. Or, maybe it might be worth noting that steepness is not just something measured at the moment of the ...

With a fixed scale, it will vary depending on the initial vertical dimension of the window. That's another reason to discard angle measurement. Instead, fix the scale on your screen. Then use that chart to look at some successful trades that have ...

Congratulations. Great stuff. I find it especially encouraging that you say you now understand touches. I know that was a trouble area for you for quite some time. Your example gives further hope to everyone still trying to see the way.

Many people have adopted a fixed scale for their charts to deal with this issue. Following Kostas, I use 50 pips for M1, 100 for M5, 150 for M15 and 200 for H1. The angles given in the manual, in my opinion, are an imprecise guideline. There are ...

I'd be happy to hear more about advanced entries. But I think I should also explain something about the structure of the Table of Contents. If you look closely, some headings are indented more than others. I meant an indented heading to be a ...

I've said it before: the table of contents is your friend. At least it makes things easier for me to find so I can help with an answer. Kostas' answer is here: url I found it under the Chart Setup subheading in the ToC.

Check the link to the Table of Contents on page one. The latest version of the Manual is linked in there under the heading "Revised Manual." The manual in turn is clear about the MAs. The short answer is that all the dance MAs are based on closing ...

If your goal was 45 pips per week, instead of per day, it would take eight years to grow $30 to $1M. Lower that to 36 pips per week, and you are talking about 12 or 13 years. With consistency, astonishing success is just a matter of a little bit of ...

I would suggest reading Clay's latest manual on the M15 time frame and carefully studying it, especially the examples contained in it. Then I would consider moving through the posts linked in the Table of Contents one topic at a time, focusing at ...

I think you are missing something. When price comes to within .1 pip of my stop and then turns around for a profit, that means that I'm a genius and have a perfect feel for the market. But when price takes out my stop by only .1 pip, the only ...

I've been reading through the thread, and I have always enjoyed your posts. I've been impressed from the beginning with your knowledge of the markets, and more importantly, with your keen awareness of how one should go about the business of trading. ...