ekshay

Could someone enlighten me. I didn't 'get' this line.

I have attached the original Channel Surfing report from Michael Parsons, that was later expanded into the book. Its good for reference. Channel Surfing.pdf

I am actually very grateful that TRO cares enough to "invade" every forum that he can. When I started learning how to trade, everywhere I went, everyone kept telling me the same stuff... Classical Chart Analysis. (Support/Resistance, Trendlines, Candlesticks, TONs of Oscillators, etc.) All of that does work, but that was not all the possible ways to approach the market. And it may or may not be good for someone's individual mindset. At TradersLaboratory, I found sensible discussions on Market Profile. At TradersLaboratory, I found sensible discussions on Volume Spread Analysis. Linuxtroll was the only one I found who cared about proper application of Multiple Moving Averages. TheRumpledOne was the only one I found who talked about properly scalping Psychological Price-Points (Horizontal Lines, Fib Levels, Major High/Lows, etc.) Both of these men were helping people for several years for free. I am yet to stumble upon a forum/thread that can truly teach a newbie to trade with DOM Ladders. I am yet to stumble upon a forum/thread that can truly teach a newbie to understand & swing-trade news reports. I am yet to stumble upon a forum/thread that can truly teach a newbie to trade using Pit-Noise. As of yet, I have also not found any great community for Binary Betting, Renko and Point-&-Figure charting, etc. There are many ways to trading success, and a whole lot are not covered. ----- Linuxtroll had to make some indicators and start conducting workshops, because MMA trading needs a certain 'intuition' to be built, for which mentoring can help shave several months of efforts & losses off for a trader. Almost ALL of TheRumpledOne's indicators were designed to save time, like not needing to look at 30 charts if you trade 10 pairs and refer to 3 timeframes... or like providing entry/exit numbers clearly on screen so that you dont have to take your mouse to the candle and read the high, pivot point, etc. when punching in your orders. And this is for Free. LT and TRO are both scalpers. Both recommend & use MB Trading. No one is forced to use MBT/EFX. No one is forced to select anyone as an IB if they don't choose so. No one can be forced to pay a donation. (I haven't either.) If you are a classical chartist, and thanks to TradersLaboratory, you have discovered VSA, MarketProfile, etc. ... And if those have helped you or someone you know ... Then may I suggest that there are other ways to trade, that are helping someone you may not know. And if you cannot support the ones who care to teach, you'll be better off ignoring them, then bad-mouthing them. Instead of bashing TRO, I'd rather like to see someone start a thread, where they simply trade "Price Action as it passes pre-chosen Price Points". I believe the day we have many traders trading and discussing such systems, TRO might not need to invade forums anymore. Thanks for reading.

1pipatatime, I really like your posts, and just saw this journal. Could you share a screenshot, or maybe just the core philosophy of your scalping method? Cheers.

Just wanted to mention that the example of a lawyer getting a degree doesn't apply as a comparison. Every year, 100s of people get some degree or the other. That doesn't mean they are now a financial success. They haven't proven their skill in the real world yet. Being a retail trader, can best be compared with being Self-Employed in ANY field. If a lawyer chooses to go for self-employment, her/his education has just begun. From marketing, negotiating, & networking, to managing finances, paperwork & later on even employees, is not something s/he got trained in college. In my experience, a teaching in Risk, Humility, Uncertainty, etc. is a part of almost every Self-Employed Professional, EVEN if they were employed with a company for a few years for the same technical function. The only significant difference that I can see, is that: If you setup any other business, the most important skills to learn would be Marketing & Resource Systemisation/Management (People, Money, etc.) If you get into Trading, the most important skills to learn would be Thinking-In-Probabilities & Risk Management. Trading systems are easy to design. Traders fail, UNTIL they don't "get" the above 2.