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On and I forgot: Jack, thanks for a very clear and helpful post :p

I certainly do, and it greatly improved my trading. Nothing of real value is free. If you want to understand it, you just gotta try harder - think of it as the price you have to pay. Compared to what commercial gurus are charging and the cliche crap you get in return, this is gold. As if to...

I was going over some older posts - you mention a MACD using volume for A/D. Can you elaborate on this please: is it a MACD based on volume, or did you mean using the MACD AND the volume? Thanks, vorzo

Jack, Thanks for the great posts. The continuation-change concept is a killer - I believe it can greatly enhance one's perception of the market. I will aim to stay longer in strong trends and be wary of slower ones.

Didn't trade yest. I had a feeling... Today: #1 rocket -> point 3 -> entry Long 918.25 9:56 Sell 921.50 10:08 bounce off away side -> reverse +3.25 #2 reversal Short 921.50 10:08 Cover 919.50 10:15 on what looked like a new pt 3 but volume was low = too early, no flaws yet -> the 2nd...

Jack, thanks for your post and your insights. Today's trade: #1 long rocket Long 916.75 11:02 Sell 917.75 11:29 +1.00 Felt like exiting/reversing after it peaked at 11:11, at away side of channel, but there was no flaw so stayed in till channel was broken, rocket failed and MACD xed...

We miss your posts. I went over some earlier posts and I have a question about A/D: you mention repeatedly that it's an important factor of how markets work. I am familiar with your trend scoring system - do you use A/D for stocks only or can it be applied to EMinis too. How do you get the...

Didn't trade yesterday :mad: Today: #1 long rocket Long 918.75 9:49 Sell 923.00 10:15 +4.25 Didn't know about report at 10:00 and was probably better off, I would've passed on the trade perhaps. Exit after low up vol bar (report exhaustion bar suggested reversal). I felt like reversing...

Real nice work dawg. Q: how do you use the 2nd stoch? Thanks, vorzo

#1 9:45 rocket signal but numbers at 9:45 an 10:00 -> 10:15 rocket reentry, bounce off right side of channel (continued from yest) on strong volume Short 905.50 10:18 Cover 898.75 11:37 +6.75 11:15 new channel broken on low vol, MACD and stochs ok -> 2nd point 3? -> 11:20 inside VDU...

any trades lately? i was away for the past two days, but i'll be trading all day tomorrow. vorzo

Signals for iceberg - MACD x up, failed rocket and slow uptrend setting up. I didn't know for sure, was ready to wash before confirmation at 10:03-10:05. Jack said he was busy doing something else - I hope he will post again.

All in all a good day and week. Getting more confident and ready to switch to live trades. Day +7.25 Week +11.25

#1 MACD convg -> rocket failure -> slow uptrend setting up -> tried an iceberg for the 1st time Long 888.25 9:52 Sell 895.50 10:35 +7.25 10:01 high vol 1m down bar - ready to exit -> picked up on next bar -> BO to new high 2 bars later. 10:30 5m bar rocket signal -> exhaustion volume ->...

Great job dawg, it looks as if you've tripled your initial capital in 2 months. Nice morning reversal too. My trades: #1 rocket after synch Long 894.25 9:45 Sell 896.25 10:01 Tough holding through a -1.75 drawdown on the 9:45 bar. Long channel from yest still valid -> 9:55 volume...

To summarize, there are 3 possibilities: #1 failure to traverse -> new point 3 -> trend continuation #2 failure to traverse -> CCC #3 failure to traverse -> trend reversal I don't think you can anticipate which one will occur. #3 you would clearly benefit from reversal. #1 and #2 you'd...

Good point nwb. My take: if you trade rockets and use channels, you can get out early on failure to traverse to the "away" side. If you trade slower trends using icebergs, you stay in the trade until the lines come out on the same side you entered.

The 15 min chart can keep you in the slow trends longer. Look at yest and today's charts: there was a short/long rocket that started at 11:00 and lasted the whole day on Wed/Thu. MACD was entwined "away" the whole time. I noticed this just now (didn't trade today).

Brother Corey, thanks for making it clear. jvasto, I think you file in the U.S. only if you trade with a prop firm, otherwise it's country of residence.

From reading this thread it appears that I can file my net loss for this first year of trading as a business loss, since I sold short and traded futures. And I can deduct it from my salaried income, together with trading-related expenses. Can anyone confirm this? I trade with IB and they...