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This one's better than the last chart imo.

RN, Was away last week. Back to drawing channels. Finally getting some uniformity, drawing all channels at the same angle. It's harder than I thought it'd be in Sierra Charts. Attached are a few charts.

Second chart. This time I drew channels on the higher context time frame.

Two new charts from yesterday and today. I think I am getting better with noticing every time price changes from up to down. If the channel doesn't work, erase it and look for a new one in the other direction. First chart is the trading time frame.

This is my first channel drawing attempt on a bar-by-bar approach rather than seeing the whole chart. Can't say it's as good as hindsight, but then again there's always room for growth lol. All channels taken bar-by-bar are in red, and the ones I didn't see until after the exercise are in...

RN, Gotcha. Certainly makes sense. Seems easy enough but then again I haven't done it in real-time yet. So..... Re-cap for my own benefit: 1. Look at higher time-frame. 2. Use channels, currently without a 50% line. 3. Do it in real-time once I see a bar put in a HL or LH...

RN, Again, to make sure we're on the same page, I'm attaching a chart with some channels drawn as you explained. If we're not on the same page with drawing channels, please clarify. I am using Sierra Charts and I do not know how to draw a 45 degree line but the channels seem to be holding...

I forgot to add ranges to the chart. Again, let me know if we're on the same page.

RN, I'm attaching an image of what I consider pull-backs versus pivots just so we're on the same page. If not, let's work on that first.

RN, 1. Let's go with $NDX.X. From what I can see it's the most closely correlated. 2. Let's go with the Big Picture and work down to the Trading Chart, like you suggest. 3. I'm more than willing to remain open-minded, although I imagine this will take some time to be consistent with...

Here's another example of a chart, this time a bit trendier.

RN, I am able to see horizontal price levels but the diagonal trend lines are not something I'm used to. I don't know how to draw them properly, but I hear it's all about the 45 degree angle and that it's from one price pivot to the next. I also see successful traders with BUNCHES of lines...

Back at Day 1, I'm only working on trading proper execution and form in accordance with my plan. Still trading NQ. Took 7 trades. 1 was a trading error and 1 was not following the plan. The other 5 were decent. I've started asking myself before entering a trade, "Am I willing to risk...

NoDoji, I've started sim-trading my method. I'm only trading according to my plan. While I am practicing through sim-trading, I'm going to analyze to see if I can implement filters in order to create a much more specific context in relation to my setups.

Trading Stats for today. 3 trades so far. My first trade was long at 10:17am @ 2539.75. It was on the break of the 10:10 candle. The reason for this trade was that price found support around 2536.50 and as it made it's way up, I anticipated that price would at least head towards higher...

NoDoji, Tomorrow I'll post examples. The reasons I have always gone back to the drawing board in search of new setups were two-fold: 1. Distrust in my setups. Anytime this occurred it was due to the fact that I had been emotionally trading. I had been emotionally trading because of...

NoDoji, My responses to your post: - I use only horizontal lines to determine price levels. I locate pivots (turning points) where price turns and mark them on a chart with a horizontal line. - Price is ranging if there are no successful breaks past current price levels. I define...

Beachhouse, Thanks for your input, but I assure you it's not needed. Everyone takes their own path, and I'm going to continue trudging down mine, at least while I have the time to do it. My forays into the world of trading have in no way been detrimental to me yet, monetarily or...

Every trader I consider to be successful always emphasizes the importance of psychology in trading. 1. For a couple months now I keep thinking that I need to find decent setups and then I'll be good to practice the psychology aspect. Why does nothing work? Am I that different? More...

RN, Yesterday was day 3, and I've proved to myself that I can execute it properly, but it's plain as day now that it needs some changes. The more I see the changes it needs, the harder it is to follow it. This fact in itself has made me realize that what NoDoji said was right. I need...