no idea what tomorrow brings, but we are clearly in at least a short term downtrend. Difficult to say how long the trend will continue. I will be...
More important than attempting to catch every turn in the market, is the use of prudent and conservative risk management. We are seeing a lot of...
You would do well to just use the RTH charts. The bars pre-market are just that--they're pre-market. They have very little or nothing to do with...
The reason that the first one was not the correct short is that the market was not overbought at that one. We were in a serious downtrend on the...
Thank you Samuel. I have enjoyed reading yours as well.
yes---the very definition of a trend. I think one could have identified the trend on the 15 and then sold the overbought condition on the 1 minute...
Where are your stops placed on this chart? Where is the discussion of risk management?
And this is fine--but you should recognize that results may be less than what the results would be if trading at least 3 to 1. If you're ok with...
Wouldn't buy at 10:30 and sell at 11:55 with a trailing stop make better sense?
Nice orderly sell off today. We are in no way oversold yet. Until we get below 1800, I will be looking for places to get long at oversold areas...
Best bet is to just use RTH charts for trading. The overnight bars really have no relevance to what is actually going on in the market and those...
Agreed.--now let's get to the crux of the matter. You are working way too hard at this. You did identify the correct short. The reason the short...
The point about prudent use of capital is not that one needs to be rich. It simply means that you need to have enough capital to trade the...
Finally someone is beginning to understand. The point is that the system can be learned in vitually no time and doesn't need to be complicated...
What you need to recognize here is that this simple trend line technique is being clouded as being some complicated system that requires intense...
The SLA/AMT method/strategy is simplistic trend line analysis dressed up to look like more than it is. Too many lines--Too many variables like...
The addition of a long at 2044.5 has been disregarded for journal integrity purposes. In this journal, we have long since abandoned averaging...
Welcome back ILO/Pushpull. However--"Trade" has been disregarded for journal integrity purposes.
What you have here is extremely simplistic trend-line analysis.--And that's fine. The simpler the better. However it's being dressed up as being a...
Looking right now for a good long entry, but will take a short if it presents itself. There is no trade presenting itself right now.
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