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Actually it doesn't since it necessarily must be in hindsight. And watching price move in real time (or via replay) is far different from drawing a bunch of lines on an already-happened chart. Which is why I post the potential trading ops -- such as ranges -- before the open. It's up to the...

You still have a journal, right?

And it's an opportunity for everybody to talk about me. :D So those of you who are tired of talking about marketsurfer . . . (Incidentally, I should point out to those who have no idea what this is all about that these are not "my teachings"; they're Wyckoff's; I'm just a translator. If I'm...

Even though I just posted this Saturday, I'm reposting it to point out that we're poking into some very interesting territory. The ES poked out of its range at the end of last week and retraced only slightly. If it pokes out again, we may be on our way again to who knows where.

Kp, if and when you ever decide to stop playing victim and do the work, you might become a successful trader. Might. Until then, I suggest you cozy up to stochastics and the MACD and get to know them well.

Unusually quiet thread recently. And while I realize that no one cares about the daily charts I posted, for the sake of closure I'll point out that the potential retracement in CL was not confirmed, i.e., it didn't complete. When it doesn't complete, then there are only two directions left...

Actually you've been blaming me and 40D and Donna quite a lot, and I suspect they're just as tired of it as I am. Did you collect and analyze those 100 ranges as I suggested? No. Did you do the statistical analysis of MAEs and MFEs that Donna suggested? I'll have to guess no. Have you followed...

Why do we have to go through this again? If you prefer to develop your own "style", you have to observe, hypothesize, backtest, forwardtest, simtrade and so on. You don't want to do any of that, much less put together a database of metrics you've collected. You haven't followed any of the...

What reason would you have for entering at 32 since there is at that time no hourly ret? If you want to enter at 32, just go ahead and enter at 32 and forget about bars and rets.

If one were trading hourly bars, that would be a reasonable approach. The entry, however, would be in the mid-40s or higher.

Since I don't know of anyone who's trading this intraday other than 40D, I won't be providing running commentary, but I do want to point out that we just hit 50 (see chart posted earlier).

You do trade a hell of a lot, though. I hope you find your way soon.

Like Dick Cheney?

5pts from 39 to 34. 5pts from 39 to 44. What's up with 39?

Each day is unique, yet they are so much the same.

I don't have time to post a chart, but I want to point out that a hinge has been forming ever since that spike.

I guess we'll just have to disagree.:)

I haven't followed your journal because it really isn't any of my business. But I responded to the idea that the daytrader should/must have a bias entering the day as I thought it was a bad one. I don't, however, want to get into that again. I think everybody understands everybody by now. But...

Depends on how much fun one has in thinking. :) The lesson, of course, is in the last sentence. And it is particularly applicable to trading, since so many are so OCD about finding someone to "follow", i.e., finding someone who has "the answer". But if one studies the market itself, he...