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It was a difficult day for me as well. After the two failed continuations, I lost some confidence and become a little over-conservative. Seeing my chart after all's been said and done, it seems like I began looking for reasons to stay out of the trades I was seeing. However, its difficult...

Okay, this is encouraging. Some more pieces of the puzzle are coming into place. I can see that I already started to drift in the right direction of my internal understanding of price behavior even though I was working with false concepts, especially from a few of our exchanges on the tendency...

Okay, thanks a lot for going over this again with me, niko and DB. I feel like I have a realization dawning, but still need to work out the pieces. Up until this point, even though I've read the frequent discussions about trend lines and S/D Lines, I didn't fully realize that I need to...

@game as well Interesting, you are seeing a long-term short much earlier than I am. Can you elaborate on what you're looking at? I must be missing something. I've been looking for a break and subsequent RET below ~3330 last afternoon, and below ~3355 today to short. Demand seems to...

Perhaps we are having a mis-communication of some sort. Trend channels are essentially long-standing supply or demand which price frequently reverts to. If value is found too far elsewhere, and consistently, on other levels, the channels disintegrate and new ones are formed. Draw a demand...

Very interesting discussion of the overnight price action. I am learning a lot. I had the support at 76 coming from the Demand line which started with the huge surge at yesterday's close, connected to point that buyers were able halt the slow advance of the overnight selling pressure and start...

Yeah, haha. The woes of us beginners. By the way, the first Red dash you see was me covering the long, so back to flat as we head back under 3346. The long at the end of the chart was still live at the time of the chart, or would be, theoretically. I suppose I could start to use blue...

Good point. I notice that I often attempt to become too surgical and precise when I encounter gaps in my understanding. It's like an auto-pilot effect that I don't notice until I take a step back later and realize it or it gets pointed out. Thank you for the instruction.

It sure is fascinating to watch you demonstrate your understanding of the market sometimes DB. It is clear that I was missing a few pieces of the puzzle here this morning. I will definitely have to make more effort to spot potential relevant points of interest for price off the daily and the...

Food for thought.

Had to re-do my post, trouble with the attachment. -- Quick look at the morning. Getting fairly comfortable with spotting a clean trade or two with a very obvious LOLR. I can definitely see potential to expand into consistently capturing a greater percentage of price movement in a...

Oh, I was tracking Supply and Demand the entire time, I just didn't start drawing the lines on the chart I posted until price began to move outside of the Trading Range/Congestion I perceived. I have no parameters for entry in such small ranges, although some might. The blue and yellow...

I drew my channel on your chart. The Green was a long, and the next red was the cover. The 2nd and 3rd red lines were both short entries. As you can see, you got your long at a lower price than I did, and you shorted higher. Good work! I hope you didn't misunderstand what I was trying to...

niko, I don't know how you are always finding entries where I see none, or at least finding them way earlier than I am comfortable with. If that works for you, then it shouldn't be a problem that other people aren't getting the same answers. If it isn't working for you, you can always wait...

niko, I wasn't really seeing any strength there at the time. Here are some quick thoughts about the situation. Although the down-move has been temporarily halted, it definitely seems quite pre-mature to be entering any longs at the time. See attached chart for more detail.

r3algood, Here are some basic PA annotations for the NQ Open today. Hopefully this example will help you to continue learning the essence of what we're discussing here. Take care, Heroic --- Comments are welcome by anyone else who is watching the action today.

Hmm, you've lost me a little here. We are still in the midst of a strong up-move that hasn't shown any real weakness which would indicate a down-move of any serious kind, at least at this time. Also, the section of the chart you've posted shows no clear direction of buying or selling...

Okay, so this chart accurately represents the current state of our trade. I agree with your analysis of the faltering strength of the down-move. If left to my own devices, I would probably be waiting for a larger RET to enter on after the first one following the orange demand line break that...

It gets difficult to know what I would do when actually placed in this situation, but I would hope that I would have just exited after the break of the last blue demand line I drew in my last picture. Demand has already been starting to show hesitation, and this steep of an incline clearly...

Thinking further, it seems like I have the tendency to keep looking at the trade on the macro level since we've been holding it for over 10 points. My first thought was still one of being unconcerned even though the purple demand line has not been breached, and continue to watch what happens as...