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I can`t really describe all the signs to define a coming trendday, but i did lost much $$$ earlier by figthing trenddays, i have an eye for it now, this is a 100% trendday closing LOD or not far from it...and I know of Reversaltraders losing the money of 1-3 months by adding to positions in...

I really think to observed some heavy distribution the last 2 weeks, the big players are going short, meets not the intraday trading stuff, but i guess short can be the better direction next week too..

This region is not a nice one to open new positions, we are already 1.2 average dayrange under the high (YM, don`t know the ES), under normal conditions, this means heavy oversold, this meets always the risk of a shortsqueeze(but i think not today), but we a have friday, Big traders go in...

Trendday, expect LOD at close, most positive i could imagine is sideways till close

I expect this to be Deathzone, sideways chop and further selloff after lunch or lately at ~1400

Good luck, I`m short since 16.06 and i will not touch any longs today and exit MOC

I expect a trendday today, TRIN is at very ugly 2, false Breakout over highs, shakeout-fakeout reversals for many days, there are no more many longs in the game...could even become a mediumterm short.

me too...but the signs were so clear for me. All this heavy reversals last 7-8 days was already distribution, the Big boys were taking short position, so this can become more than a one day selloff...we will see... Fine done knifecatcher! Keep on cutting the points out! Michael

Hi, I expect this to become a trendday, I´m short the ym, stop BE and will not look at this screen till MOC, we saw a lot of distribution, the bigs absorbed any longs, Fake Breakout over highs, TRIN is in ugly area, premium high, i expect a ugly selloff after all this one-day-wonder-reversals...

I haven't been using it very long so it'll require some refinement over the next few months. You got much refinements, may be little bit more as thought and in rockettime...

Hi no_pm_please, Trading is a frustrating stuff...I really know it, you should see the positive results you got here in very short time. I would go even further to claim this thread a complete success in becoming a better trader. Sadly it`s mostly essential to experience the painful...

Next did we saw a sharp afternoon selloff, followed with a lower low short after open, i bet some bananas that this has a high probability of turning, but i see the entry not by fading the move, but by going with the trend, means wait for the first pullback to enter or a break of the inverted...

Back to tradingissues... What we got today is a pattern that could be useful. 1.) Yesterday = monday and close<open In Bullmarkets you have a high probability of a "turnaround tuesday" if monday did close negativ. It`s quite easy and that`s the reason why not seen by many.. if monday =...

To master the psychological issues you need fixed rules you can write on a piece of paper, the only problem is to get all this sometimes complex stuff coded to trade it with a software, i see no diff. between the 2 methods, for me i`m not nearly always in the state of mind to work high...

I hope i remember the website, but not now...There`s a serious trader saying the same about tradedecisions. He is completely mechanized, if asked what he does if abc is falling this amount, than climbing here and than doing this, he is able to give the answer in seconds, the rules are nailed...

What i heard from a very serious person was: Never do decisions how to trade if you are in a position, do this stuff before or later. That`s also a serious theme at Van Tharp and Douglas, they go in the depth of psychological issues, it`s nearly impossible to make good decisions if you are in...

Well, there is no definition if the last trade is stopped out, this is a tricky stuff, and what do you want exactly (I believe no much difference either...)? do you want the exitprice out of Y-range too or just the present price after stopped out...(uuh this details..) Here a definition...

If you look for any explanation what`s going on in the markets here: May be we see some topping out, at major bottoms/tops you often find some heavy back and forth trading, we are possibly at the end of this longlasting uptrend, at least is this the opinion of many marketpartitions, every side...

Nice work WW, i code things more simple and there are some little details different from mine, also may be the results are some little bucks different from mine, but that`s never an issue for me, i don`t look on every single $, the overall outcome is the point. And I have some rare holes in my...

I`m not to surprised about the controversity and emotional reactions, the human ego is always a strong factor and the wish to beeing right especially a male characteristic. Mark Douglas describes in "The disciplined Trader" (I believe it was...)that the most constant losers are doctors...