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I was wondering what happened to others that used to post here - tampa, are you still around? Looks like people lost interest :confused:

Couldn't trade yesterday. Today: #1 traverse to away side of slow channel (continuation of yest trend) on vol BO Long 893.75 10:24 Sell 893.50 10:28 failed to traverse -> wash. Thought about reversal but didn't do it (anticipated congestion) -0.25 #2 rocket signal Short 889.50 10:42...

nwbprop, nice going. I saw the same sequences: #1 CCC then VDU at 10:30 -> BO 10:36 entry Short 870.50 10:36 Cover 872.00 10:45 as BO failed, and reverse as vol was strong on price increase. Should've washed earlier, at the close of the 10:30 when failed BO was obvious. Held because I...

Trend Fader, I think you mean well, although in a non-constructive manner, but you're not paying attention to what I'm saying. I said in an earlier post that I look at Jack's method as training wheels to help me acquire market consciousness and find my edge, not as a mechanical system. BT...

Thanks for your posts Jack. The humor too :p Let's see if I got it right. Here are 2 sequences that were played out more than once: Sequence#1: 5m MACD convergence -> fast line leaves zone -> 5M MACD cross -> channel BO = FLAW so exit Sequence#2: 5m MACD convergence -> channel BO ->...

I used a simple trick to BT inside the 5m bars - used 1m data, and multiplied indicators parameters by 5: Stoch(70,5,15) MACD(25,65,30). This is a gross approximation by if you look at 5m and 1m charts side by side, indicator values for a 5 min bar don't differ too much from values of the 1m...

ditto dawg. thanks jack.

15m chart

#1 rocket signal Short 862.75 10:34 Cover&Reverse 863.50 10:40 channel not broken yet, 5M MACD crossing and 1 min chart spike. -0.75 #2 reversal Long 863.50 10:40 Sell 864.50 11:06 10:40 5m bar turned out a VDU with BO, and break of trendline which reassured me to stay in. Rocket...

LOL (a couple people at work did hear me). dawg don't be hard on yourself it takes courage to admit that you're wrong and identifying your mistakes is the first step towards correcting them. FWIW, I used to be/am guilty of the same sins. I got me a timer, set it to go off every 10 min when...

It sure was a choppy day today as mkt hit Fri congestion area. #1 the phony channel BO got me too dawg. Fast stoch rising above 50. I fumbled the execution and entered at the very top. Long 878.25 10:18 Sell 876.00 10:24 sold as fast stoch failed at 50, trying to sell on the ask gave...

dawg I didn't see your post, I was typing up mine. You nailed 8.00 on the last trade in REAL money I think that's awesome. It's easier to hold through retraces when it's paper money ... it'll be hard to keep the composure when I'll switch to live trades.

ES03M simulated. Huge gap up and everything looked like a rocket so I switched to all sessions view. #1 rocket signal Long 9:48 901.00 Sell 10:00 901.00 rocket failed at 9:55 but held longer waiting for point 3 -> washed as 5m MACD looked like crossing down. Also cautious of long side...

Then you'd have to put up with intrabar signals, which can chew your profit away. Mechanical is less stressful but you don't learn that much either. I've backtested for: entry on bar close, fast line 80/20 slow line 70/30 exit on bar close, fast line 75/25 protective stop 2.5 pt. Traded...

Hardly, I think it depends on the risk tolerance level and what one thinks the mkt will do next. If they think it will reverse, they will see all the signs in favor of reversal and ignore the ones that tell them it's only a correction, and viceversa. It's in the eye of the beholder. FWIW...

Nice rally in your equity dawg - it's almost tradeable. LOL you should add stochs and MACD to it. Great job anyway, keep it up.

VDU BO 1min chart

I meant the 15:25 bar - see comment on chart. Thanks for your time.

Couldn't trade in the morning but got in at noon, on the BO after VDU at 12:05. Exit as price hit the away side of channel I drew. Turns out the good exit should've been at 12:13, after volume peaked on 1 min chart and MACD crossed down. +1.00 Week +16.00

Jack, The stuff about VDU BO/reversal on failure is great, thanks. And so is the moving of point 3 if there are no flaws - I've done it a few times and I was wondering it agrees with the methodology. And so is the money velocity. Can't wait to see it all put together in that journal. I...