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It is the nature of the markets to teach us in hindsight - we learn from mistakes AFTER we make them. What you're proposing is something akin to a trading room. Trading rooms fail because people don't think for themselves, instead they rely on moderator calls, and thus never learn...

Excellent post nwb. I want to emphasize how important actually GRASPING this concept was to me. This is a straightforward version of Jack's "what wasn't that?" metaphor. You "know" what's supposed to happen next from the sequences you laid out on the board. If it happens, you stay in; if it...

Jack can you post a chart of this please. Thanks, vorzo

For the past two weeks I've had data feed problems and had to switch vendor. Currently trying out QCharts & Sierra. Thanks to everyone for the great contributions. Posting your thoughts helped me catch up on things, so I will use the same format. I switched from candles to bars as I find...

No worries.

Jack, many thanks for the narrative and the "fix". I will DO a) through i) every morning - great checklist for the toolbox. Bundle, thanks for your thoughts. Cheers, Vorzo

... are killing me. Lateral trend the whole day. Rockets failed at day's H/L established in the 1st half hour. But what EARLY signals tell you it will be a lateral day, before you learn it the hard way? :confused: Day +0.25 / 6 trades If you realize it early enough, all you have to do...

On the 1m, I will 1st look at P and V, then at indicators. As nkhoi mentioned, after a 1m VDU (sign of indecision) a stronger move is likely - I'd enter if the 1m BO is in the direction of the 5m signal. If 1m indicators show a rocket too, I will take that as a "confirmation". MACD x with...

This is one issue that plagues me whenever I hesitate to enter in a rocket waiting for some "confirmation" (the "baggage" Jack is talking about) and I end up entering at the away side. Then the market immediately moves against me by 1-2 pts, sometimes more. I'm tempted to look for clues on the...

The market answered my questions today. Since a double top is forming on the daily (IT), the even harmonics (traverse left -> right) are dominant in DURATION and are (more or less) HORIZONTAL forming a staircase pattern.

Today was another one of those days when 15m worked like a charm. #1 synch- > CCC -> lod b/d (10:00 report)-> 15m rocket 10:00 short 983.75 12:14 cover 976.50 failure to traverse -> channel BO. Rocket was still on but took exit as we entered DU. All this time 5m MACD was entwined "away"...

The thread has been picking up lately, with some great discussions. I've been catching up this weekend - thanks everyone. Jack & colina, While I get the 1st part which in other words says that long rockets last longer in up IT (trends on the daily) and short rockets in down IT, I'm...

After a one week absence, I tried some trades (simulated) this afternoon. #1 centering -> VDU BO (bracketed) 13:43 long 1012.50 13:454 sell 1011.75 failed BO -0.75 Passed on rocket signal at 14:00 as MACDhist wasn't there; resistance at 1014.00 #2 centering -> VDU BO (not bracketed)...

dawg, I'll take a stab at it. My take is that the actual stops we are placing through C&R are used for protection from unexpected events (such as today's selloff) rather than to take us out of trades when market conditions change. The pace for doing C&R is directly related to market pace -...

Chuck, Does Ensign work with MarketCenter only? Thanks, vorzo

nwb, I see the same slalom trades on the historical, but in real time entry/exit would probably be 1-2 min after the times you posted. Did you take these trades? Would the entry/exit signals be something like: 1m stochs leave zone AND MACD x, confirmed by volume and S/R areas.

wally, hit edit/delete within 15m from posting.

I was off so I had some time to trade. Mon #1 short rocket 10:41 short 975.00 10:45 cover 975.75 washed as I noticed I entered at away side. Bad trade. Holding through 3 pts in the red would've put me back at the right side - but this is hindsight. -0.75 #2 short rocket 14:38 short...

1contract, If you are trying to trade rockets, then I think you could benefit from removing all the extra indicators from your charts. More indicators -> more signals -> harder to focus -> second-guessing -> missed entries -> frustration -> bad entries -> LOST MONEY -> MORE FRUSTRATION...

Fawning acolytes? Isn't this an insult? I'd rather be called names than that. Too bad I can't "moderate" this post like you would if I insulted you back.