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And if you're REALLY lost and don't know what the hell is going on, slapping on EMA(21) on the chart isn't such a bad thing either. I personally don't use any indicators, but a lot of traders do use it so it becomes almost a self-fulfilling prophecy. But enough said.

Same chart as above, only different lines. What story can you craft out of these price actions? Think the price will resume higher or reverse? Dilemma, dilemma. :)

TA my ass :D I dunno about other places on this forum, but no HINDSIGHT ANALYSIS allowed in this journal. :fistbump: Everything will be forward looking.

This is the 5 minute chart of ES for tonight. Think you can put together a narrative from all the doodles that I've made on the chart? Think there will be a reversal around the corner? This is just for you to brainstorm. You don't need to respond. (BTW, I ask that you think in terms of HL and LH.)

LOL I guess so, although I never intended on discovering it :D

Well, consider it this way. Prices, or each bar or candle (or a set of candles), tell stories--à la Al Brooks. If you're able to read these stories, then you should have a fairly good idea where (and when) prices reverse. This is where the notion of "traps" comes into play. What about you...

But weren't you trading 10 lots last night, to which I was like slapping your wrist? It's not the ammunition. It's the lack of planning. I already gave you a subtle hint about writing "entry, exit, and stop loss" in advance. You didn't seem to take my advice seriously. Well, as they say, work...

Then it goes from HL to LH, and vice versa. Of course, the caveat is that it ain't THAT easy. So I encourage you to think for yourself. There are many variations you can play with this.

BTW in addition to the above chart, I think this is also worth considering. (Previous chart)

I think just knowing these 2 things alone is enough when it comes to price discovery: HL and LH. Ya don't need any fancy gadgets or sophisticated greeks. Stick with HLs in an uptrend and LHs in a downtrend.

But you know me. What's your target price?

I'm with you on this one.

Hey, titty winker (lol, that's a cute name :D), are you gonna accept my challenge or not?

Mickey, in the TA parlance, we call that a Broadening Wedge. And it's not the same as a channel, properly speaking. https://thepatternsite.com/abw.html

Alright, you know I actively post my trades in realtime in the ES Journal. Why don't you come over and post your trades for me to verify as well? No after-the-fact BS. Just straight up trades.

I can give you pointer or two, but I don't think you're the type to listen anyway so I won't. ;)

Are you serious??? You used two candles back-to-back to draw a trendline? You think I'm a friggin' noob?!! :rolleyes::fistbump::vomit:

I can only say, WTF? It still doesn't matter. You still will not know until after the fact because, as you can see from below, the next bar breached the line you drew. Now you can't use that line as a trendline anymore. And to draw the upper channel line, you first need to correctly identify...

Congratz! You'll do just fine. Just keep your head above the water.

Well, you have a point. But, in my mind, most traders don't become investor. They merely became prayer boys, asking God to help them miraculously recover their losses. Seriously, they could have bailed out when the loss was fairly small but now it's so big, they're like deer frozen in a...