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Everyone has tools. Everyone needs tools. My tools might not work the best for you. Your tools might not work the best for me. What are your tools? Unlike toys, the one with the most tools does not win. Tools take space. Tools take time. Time and space are limited resources. Are you maximizing...

This is the usual question that is asked in response to posts that are general rather than specific. I guess it comes down to definitions and viewpoint. Let's get back to the original statement so we can include some context. The truth that I'm specifically referring to is that a major...

If you take a long hard look at how the stock indexes "work" you will come to the unmistakable conclusion that their natural tendency is to retrace. Everyone who has studied the stock indexes knows this, so this is not a unique or even particularly insightful observation. But let's get...

Yes (H+L+C)/3 for the base pivot.

What is confidence? Confidence is different than faith, a hope that leads to action that leads to results. Confidence makes things seem clearer, increases our ability to act and creates an environment where peak performance is possible. Where does confidence come from? It can't be purchased...

I will be covering my approach as time permits.

Here are today's pivots on the ES. While the pivots were extremely spread out because of the huge range of 1/28, and typically this would lead to a trading range day. Today price reacted off S1 low, and then stopped at the pivot / overnight high.

Here are yesterday's pivots on the ES. I don't plot them on NQ, but use the pivots on the ES. I agree that the pivots on the chart that you posted don't seem to correspond to much. My view on pivots is that they often provide an area where price reversals and tests are common. They are often...

Excellent interchange, thanks for the question and response. Yes there is no way to know the future. Anyone who tells you differently is trying to sell you something or rip you off. The short answer is that I had a hunch the move would continue based on a couple of patterns I look at. To just...

We all think we are flexible. We think we are detached, flexible and able to adapt to the given situation. The reality of how flexible, malleable, and willing to let go that we truly are is evidenced by a day like 1/28/2004. When the market takes an almost vertical dive after a major news...

This is my attempt to give back to the trading community. This journal is about winning in the EMinis. It is also about winning in general. No two people are the same. No two people have the exact same life experience, and everybody learns a little differently. What works for me may not work...

Yes there is a logical and emotional progression in any trading education. At phase 1, it is all outward focused: They did this and they did that. The market is some nefarious conspiracy to stop me out and take my money. At phase 2, it is I did this and the market, or they did that, so it...

Knowing the odds of a large string of losses can be helpful in keeping confidence going. For traders, having strong self confidence is very important and shouldn't be underestimated. Without confidence, a trader is unable to make the decisions necessary to trade well. But keeping confidence...