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sorry i didn't get to do today's market, had other things to do. i did see it though, looks like friday, only the move was frontloaded rather than backloaded. i've briefly run over the pace material (very briefly) mak. ok let me see if i understand some things... high pace....low risk...

a BIG thank you mak, i've got my reading itinerary set. can't wait to transfer this stuff to what i was doing.

jack wrote: "When you trade daily for 6 1/2 hours a key thing to consider is not doing too much to make some money." i just want to make a decent amount of money following a simple system. this meets both objectives. the next iterative refinement in this process (that i can see) is to...

how can a system that flows and follows the market ever be wrong? this system does not predict, nor does it react. (at least this is how i classify it) it simply goes where the market is going. that's it. i really have no fear of this becoming 'public knowledge' or whatever...

today's result, not bad in my opinion. considering the tight range. i am very very heavily leaning toward skipping the first signal of the day, the larger loss appears to be a result of syncing up. if i simply wait till that first 'trade' completes, and then take my entry on the next...

thanks mak for the vote of confidence. i kind of 'know' i'm on the right track, but the added voice helps too. heh would you classify today as low pace? certainly the range so far in the ym is a measly 30ish points. i'm being put long and short but strangely, it's not the kind of thing...

ok lets continue the learning process with the last level, level 4. now i'm pretty clueless on this, because to me, the way jack describes it....you could have a break out in your favor from the previous bar that goes for 2 ticks....then the retracement lvl would be 1 tick.... doesn't make...

chicken, with iteration 1 on the es today you should have been +3.5 pts before slippage and commission. hmmm i see you start and end your day 8.35-3.15 that may explain it. 9:30-4pm est got you 3.5 pts.

looks like another easy day, will be interesting to see the performance when we have a tight range for the day.

what a sweet move up in the ym, wowie zowie

man i was fuzzy headed this morning, screwed up my reverses and tacked on a -7 and -2.... this will be interesting to see if it pulls out a gain or at least makes up a bit of the losses first legit trade was a -24ish 2nd was a -9 i must figure out a the best way to improve that first...

that looks correct to me.

i think spyder got us confused, no problem

the issue as i see it is not whether level 3 makes more (on a winning trade) than level 2 does....frankly i don't think it will. the issue is, relative. win size relative to losing size. if level 2 produces wins and losses that are more equal in nature (and from my testing, this happens...

chicken, do the work man! you're not stupid, this is not brain surgery. a little elbow greese goes a long way.

btw market orders were used disregard the markings on the background charts, those are only 'ticks' that i used to mark bars that had completed.

well today was an extremely easy day to trade, high volatility. mak, i think i got the 3rd level down, with the possible exception of the first couple bars. you will notice as you look at the chart that it looks like i would have reversed at a loss many times during the day, this is not...

probably a good idea

i don't know how or why people expect to be helped when they consistently bite the hand that tries to feed them. truth is, chicken is too lazy to do any homework.

lol easy, rock on