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Ok Babe, Anek, others, On your first chart is that a symm triangle or some other kind of triangle? Just wondering because it looks like if you took the breakout it would have been a good short. Still having a little trouble seeing higher lows and lower highs for some reason. I need to work on...

Anek, (and others) What are your thoughts on daily trading goals using this type of method? Before, I'd have predetermined amounts I would be prepared to make or lose for the day. Points-wise I mean. So if I was up x amount of points, I'd close down for the day, or if I was down x amount of...

I'm sure everyone else agrees with me but I wanted to post anyways - THANK YOU! It really helps me a lot when you post your charts and I can read your commentary on the day. I've learned a ton from reading through this thread over and over again. You do a great job at making everything so clear...

Ah ok, I think that helps me a bit. I was thinking just ONE LL or HH. But it has to be 2 for a trend change. I have that noted somewhere but forgot about it. I guess it's all somewhat subjective though still. Babe - thanks for posting those other charts also. It's nice seeing the...

Thanks for posting the chart. I have a question though - At about 11:58 there is a white bar higher than the rest with a straight line above it (are those straight lines just marking a swing high/swing points?) How would you know not to go short there? It looks like it could have been a trend...

Ahhh, you guys are all awesome! What a great thread. Ok, so trend lines ARE pretty subjective. That was the main thing I was trying to figure out. Just didn't want to be doing something completely wrong and screw up everything I've learned from this thread. Also Anek, thanks for...

Ok, thanks for the response. I have read over the first pages again, and skimmed through to view the chart examples. I went to the stock school website and read a little on trend lines. Basically I guess I'm just wondering if trend lines are a subjective thing or not. For example, if...

Anek, and everyone else who has contributed - thank you! I just read through this entire thread. YES, every single page! It took me a few hours last night and a couple this morning. I a complete noob to the concept of using trend lines. Systems I've used in the past never dealt with them...

How were you in school while you were on a ship the whole time? I have thought about doing this, but have no idea where to apply. I'm guessing I could just check out there website. Are they in much demand right now for workers? How was 'life on the boat'? Any women, partying, etc? Or was it...

I meant something like the 3 min bar chart for the ES, along with a simple volume study at the bottom. I thought we were talking about how volume correlates to price movement?? Such as declining volume with lower lows being made in price, means a reversal of price going back up is soon to come...

Could you post a picture of todays 3 min ES chart and explain exactly what you mean? particularly today from 11:45-12:45 as well as 13:15 - 14:00 I was trying to recognize lower volume bars, along with lower lows looking for reversals. Thanks

4re, and/or Romik, What kind of time frames do you suggest using with this type of trading? I trade the ES and I'm going to look into this a little more. I still need to figure out and re-read how you are coming up with your S/R lines. I know earlier you said something about it being based...

Ive been looking at charts all day, and it's just too difficult (at least for me) to determine whether or not a reversal is happening, or just a quick pullback...

Actually I also agree. I use the MACD and 9SMA nothing else. But I am also interested about looking into the reverse method instead of just exiting. Whether or not its feasible with the market and time frame I trade I dont know. It may just make things complicated.

So why would he mention that then? Here's another quote from that thread: "When you slip out of the trade, the stochastic is headed out of overbought and NOT to a reversal. Now that it is gone from "overbought" it goes to one of two places. the first place it must hit is neutral. From neutral...

So you're saying that instead of closing out a trade, hit the reverse button (if the platform has it) or re-enter in the opposite direction? I really hadn't thought about that. I'll have to take a look at the charts and see how that might work out. Is anyone out there using the reverse/re-entry...

Ah, yeah I wouldve loved to have been around for that news release. Do you use anything besides the SMA and MACD as far as indicators? What made you think the market was topping out?

Nice work! Do you happen to know what time you took the trades? I want to take a look at the 10 min and see when you made them. What do you do to keep your losses small? I either let my stop get hit, or if possible get out if the price breaches the SMA. It's usually about the same though...

How did everyone do using this strategy today? I just got home. Looks like a couple good moves in the morning. To me it seemed too choppy in the afternoon on the 5 minute ER2. It would have kept stopping me out. How do you guys deal with days like today? My target is to make 1 point per...

No, I havent looked over the entire BJT page, but I do know that a very similar strategy works. Im not sure about 20 points a week, but it is pretty profitable. Im not sure what kind of indicators the BJT uses either. I'll shoot you an email back, I just got yours.