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KP: I had to think about how to answer you question(s), for any direct answer I give will definitely be lost in translation, for we lack a common framework to communicate our ideas without the risk of misinterpretation. So, the best I can do is to communicate my answer by way of an thought...

I can wait a lot longer; I am going nowhere, and I have all the time in this world! But, you need to show us that you can, borrowing Redneck's phrase, "nut up!" All the best. Regards, Monoid.

That is one way of looking at the trade. But this way of looking at the trade implies that your decision to enter was not made before the level is hit. You are responding to what is happening after the level is hit. On this particular trade, I made my decision to enter when my context was set in...

Misspoke may be? Correction: I said "those 'everyone' have already their decision on how they want to play that level.". They have not made their plays, but have made their decision on how they want to play -- big difference! Regards, Monoid.

Assumptions .... assumptions .... assumptions ..... Our minds are just fascinating, seldom ceases to amaze me! Regards, Monoid.

This is very true. Also, before that key level is hit, those same "everyone" have already made their decision on how they want to play that level. Regards, Monoid.

My stop on that trade was 4-ticks. It was not hit. Don't assume I entered using Limit order. We are talking about ES here. One of the, if not THE, most competitive markets to trade in the world. If the levels are "apparent", it wouldn't be a level for big money to necessarily participate...

And, the only thing I can say is: We will have to agree to disagree! :) Regards, Monoid.

Hmmmm ..... A lot to think about!

Redneck, I haven't quit yet. All I am saying is that Yukoner needs to be able to follow the plan that has been outline before I can even attempt to help him with the other stuff. The problem I have is I don't know how to help someone that does not have [what I consider] baseline discipline...

My context will not make sense to you. But I will proceed anyway. I trade ES. So, I will give you an example from today in ES. My context was "HLLH-V-(H,_) Step 4". Sounds like a football call doesn't it? 'Step 4' is my anticipation of a spike. The context was set in motion at 9:08:21 CST. At...

Yukoner: I am sorry that I will not be able to help you at this point. The ability to follow a plan that allowed you to make all trading mistakes albeit in a structured way, is, in my opinion, a prerequisite for working on emotions related to trading. Without that baseline, I don't have a plan...

The question is very generic. I interpret the above statement to implicitly contain the words "all the time". There are times when I aggressively fade spikes at its edge, there are times when I watch the spike from sidelines, there are times when I wait for a rebound after a spike and go in the...

Then, they take a loss :D Just because one is a pro does not mean they trade without taking a loss! Regards, Monoid.

It is very true the markets, by their nature, are uncertain. However, you need to have a framework that is certain (or constant if you will; constant does not mean absolute, but does mean objective) that will help you anchor in the uncertainty of markets. To have a "certain" framework does not...

Just beautiful! Regards, Monoid.

Yukoner: Just want to put this out so that there is no misunderstanding. @Redneck is the executive chef in this kitchen. It so happens that one of the sous chefs came up with an idea, nothing original, but just a repackaging of the executive chef's recipe. Just want to make sure that we don't...

You are absolutely correct. That is the intent. I just didn't know what 'Mo Ticks' were. Thanks for the clarification. See you tomorrow. Regards, Monoid.

Don't know what this 'Mo ticks' are, but whatever works for you. Glad that you exactly followed all the 4 Steps and 2 Notes -- taking every other trade, and watching and documenting every other trade. Fantastic. Now, for this week, after you are done with trading for the day, please do the...

@wrbtrader: Misquoted me did we? I think when you edited the content, you unknowingly attributed a statement made by Yukoner to me. I complete understand where you are coming from. However, I do think we need more data on Yukoner before I arrive at a similar conclusion to that of yours (not...