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I'm afraid I don't understand what someone watching over your shoulder is supposed to watch. Or say about what they've seen. And if you don't want to change your approach, why bother watching at all, much less commenting. As for me, I've got five journals posted. But I doubt they'd be of any...

Remind me of this chart when it comes up again. I'll probably forget about it.

I used to suggest this, though not aggressively. But since I wrote the SLA/AMT, I no longer think it's such a great idea. The only reason to scale out of multiple contracts is the fear of being wrong. The SLA/AMT was written partly for the beginning trader and partly for the damaged trader. The...

Interesting. Those who have the least experience seem to get this much easier and faster than those who've been at it for a while. I asked partly because you appear to be picking up on it rather rapidly and partly to tell you that there's no time requirement. Some spend years at this, some...

But that was the best part, except maybe for the coming. What's this about being premature? :)

You've been at this for six years, decided to try something different two years ago, lost 20% of your account last year, and have been trading what you're trading now for a month. If you're happy with it and you're "listening" to a couple of "very successful and experienced traders" rather than...

What was your experience before you began marking up your charts via the SLA?

;)

I should also mention here that this is a chart you'll want to hang on to. There are issues here with regard to exit and re-entry that will come up again. Repeatedly. But that may be too much to put on your plate right now.

Like the Krell in Forbidden Planet.

Actually it's more the opposite. The most important element is the median. One then looks at how far away from that median price travels, which is why the limits suck as support and resistance. This morning, for example, we sailed through 4100 like a hot knife through butter. Therefore, what...

I agree, both with the robotic point and the "right now" point. It does little good at some point in the future to look back and sigh over what one might have/should have done. Which is why now is the time to evaluate the potential consequences for auto manufacturers and suppliers and start...

Picking up on rejections at S/R will take awhile, less if you start with a bias, more if you do. And if you can avoid thinking of it as a trick, which so many traders do. Even so, you didn't let it throw you and entered well anyway. As for the premature exit, this is where AMT comes in, and it...

That's about right. Are you pointing out our return to the mean (or median, whatever)?

Who says I didn't? This thread is about principles, not calling trades. For the latter, one can read the previous journals.

And here's where the trading plan and feelings butt heads. How much is enough? What tactics has one tested? And if one exits, under what conditions does he re-enter?

Nice. Too bad you didn't get in earlier.

And we move sideways, breaking the last SL. Higher low or not? Unleash the dogs.

You bet.

65pts. Take it and run?