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LOL Maybe Shan can look over his shoulder and find out the secret. I think I remember reading on here that they sat next to each other... :D

Red, what do you think about this take on the shoulder? Here it looks like a failed breakout with the shoulder still being intact.

How about this? :) I would guess that the red channel bosses the white, so if we break and hold above the white channel, then a a run to 1500 and a date with the decade-long purple channel would be likely.

Wow... who hit the buy button this morning? :) Could this market have the juice to make it to 1500 this month? Or do we have the sell in May pullback first, and then make a run at it later this year? Place your bets..... :D

On Thursday the bullish scenario unfolds with price breaking out of the bigger down channel. I now draw a prospective up channel in purple, and on Friday price crashes through it. Then gives a backtest of it for a short trade? Am I doing it right? :confused: :)

Next chart. Price sold off below the channel on Tuesday. Wednesday morning indicates a gap up back inside the channel. However, I don't know what will happen next. Maybe we'll bounce back and the red channel is holding. Or... maybe that breakdown was the start of a steeper descent...

Is this a correct way to adapt to market movements? First chart shows a downtrend underway. On Monday price tries to break below the channel and reverses back inside, backtests it, then good long trade? On Tuesday price sells off below the channel.

Those are good points. I agree that if there are conflicting signals then it's not high percentage and you should definitely stay out. Problem is when I'm looking at too much stuff there are almost always conflicting signals. :) So you watch TL's on SPX, SPY, and ES? Wow, that would...

I never had any success using internals. I've seen tons of stuff about them on webinars and subscription-based blogs and they make it look really good on hindsight charts, but I never found an edge in any of it.

Thanks for the charts. I did glance at the bigger picture but it didn't help me with the scenario I described. Let me explain... On April 10, price came down and closed on a daily chart trendline, as shown on your chart. On April 11 the market bounced off that trendline with a gap up...

I think it may be better to stick with trading a primary trading market and not get bogged down with too much other stuff. I had noticed some things in hindsight and it led me to believe I could gain more clarity and reduce whipsaws if I started to follow more markets intraday. As good as it...

Good points. Reciting adages is indeed easy... :D

It looks like I've answered some of my own questions... if I'm going to expand into other markets then it needs to be done gradually, not all at once. If 12 charts is too much then don't watch 12 charts. Simple as that. I also need to really know my trading timeframe. Whether it be trading...

Here is a problem I have with multiple timeframe analysis... I lose sight of my main timeframe and as a result end up trying to manage an entry via a different timeframe than the one that gave me the trade signal. If I try to manage a 5-min entry on a higher timeframe, I could miss the 5-min...

Well, I have started to add more charts to the mix. The reason for this is during my daily market reviews I had noticed that some trades that reversed on me had hit a resistance level on another index. So I figured I should start watching more stuff.... and the result was a lot of confusion...

Well, forget the question about how many trades a day... obviously that varies greatly depending on the trader and his/her plan. I'm just trying to figure out where it all went wrong this week. I couldn't get any good reads on the market, my intraday charts were messy and cluttered, lines...

Some questions..... When you're trading the indexes intraday, are you only watching the chart of the instrument you're trading? Or do you also watch charts of other indexes? Also, how many time frames are you watching? How many trades a day do you have? Do you have some days with no...

So what do you do if price enters key support level and reverses higher, leaving a lower wick into the support zone and the bar closes green. So you wouldn't enter a break above that bar. Do you wait for a retrace on a subsequent bar and enter later on, or forget the trade altogether? The...

Would anyone have used either of these lines on their chart?

Thanks X, Actually I'm doing pretty well with this stuff. It's just once in a while I have a day that makes me wonder if I'm missing something, so I'll put up a chart and see if the more experienced eyes here have anything to add. I do share ideas with Cornix fairly regularly and he's been...