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Now as we approach the trendline, we look for a climactic low. That trumps whatever lines one may have drawn. The market will tell us what to do.

And price makes a new low. Isn't this fun? Short is now worth 50pts.

Welcome to the now-105 lurkers. Price was unable to reach half the preceding downmove, half being 49, and made a lower low Friday and last night. However, it should be clear that the character of the move since Friday is different: the swings or waves are tighter and the movement, such as it...

I was going to pass this by, but you never know who's going to have what it takes and who isn't. The fact that you haven't found success in two years is not a plus, but hey. So I tell you what. Take a look at the beginning of the first thread listed here: If You Can Draw A Straight Line...

The OP hasn't posted since Thursday. Since then it's become a case of Let's You And Him Fight. Why don't the two of you just shake hands and move on? :)

Or pulling back once one has a lower high and a higher low. Nobody's going to read a book on this. Real-time guidance -- or what passes for real-time guidance on message boards -- is preferable. If no one is interested in that either, then "a few random posts" are better than nothing.

Nice summary. If only people would save this stuff.

It’s like they are standing at the foot of a mountain looking at the . . . success they want to feel at the peak. There is nothing wrong with looking for a faster way to scale the mountain. If they want to take a helicopter or invent a climbing machine that gets them up there quicker, more...

Not to denigrate ND in any way, it's not the former (artistry) but the latter (the tiny details and the precision) both of which are the result of a level of study and research and testing -- and the experience that necessarily accrues while one is doing all this -- in which few beginners...

Yes, I'm all about the plan, since without one you can't succeed. Examples? If You Can Draw A Straight Line Son of If You Can Draw A Straight Line Bride of If You Can Draw A Straight Line Ghost of If You Can Draw A Straight Line And an excellent and ongoing journal that isn't...

Not bad, RN. Like talking to a post, but perhaps someone else may benefit from it. You just never know. Look at Hansel and Gretel.

That you were able to keep your wits about you and re-enter was a plus, but you have after all been at this for thirteen years so you ought to be able to judge the strength of a trend. Since I know nothing about you or your trading plan, I can't be very specific. If you want specific, you...

All of which may be true. I'll take your word for it. However, unless one knows exactly what he did and why and how, his results aren't replicable, and if one has only a vague notion of what happened, then he may well take away all the wrong impressions and implement a set of tactics that...

All that's left is management.

What longer bar interval were you using, and what did the chart look like? If you're not accustomed to trading smaller bar intervals, then the chances of your being "right" are much less because there are far fewer people who are looking at what you see, and if they aren't looking at it, they...

No, just assessing the trend at the time of the trade. Don't be distracted by the fact that it happened to work out this time. Price could just as easily have dropped immediately after your entry, and given the lower highs and lower lows, that would have been the more likely outcome. Uptrends...

No, by that time that particular leg of the trend is over and price is not only moving sideways again but has printed lower highs and lower lows. That's not a retracement. A new trend may begin, which it appears to have done, but if that turns out to be the case, take a retracement in the new...

I don't use indicators, so I can't help you there. Take the first retracement after the trend begins, which is the first reach toward 886. Until then you're just going sideways, regardless of what the MAs look like. The first retracement begins immediately and troughs eight bars later, just...

Depends on how you define "support". Support is that level at which buyers retard, halt, and reverse the course of price. Therefore, even a retracement can provide evidence of support if it leads to a continuation (if it doesn't, it becomes a reversal, and the support was either insufficient or...

In order to say what was wrong with his method, if anything, I'd have to know what it was. And by that I don't mean generalities. One's method should be stated so clearly that someone else could trade it in the same way as oneself. If it isn't, there's little point in posting it at all, much...