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OK I am back. A MTR major trend reversal simply means a trend that will likely last for 2 legs and at least 10 bars. It is a reversal of a previous trend. So how do I detect one and how do I trade it? First I am looking for a previous trend. Most TRs and channels if broad enough will have a...

Well some strange things are happening that I suppose should not happen. Maybe someone could explain it to me??? My granddaughter just joined the military and is, at this very moment, in basic training. They gave all the new recruits covid vaccines. I just heard moments ago they now ALL have...

I gotta make me a smoothie. Will be right back with an explanation of MTRs and an example from today.

@PPC And others that may be interested. I decided to go back and see what happed on that day. I likely had something to do and just quit trading. I don't remember. Nevertheless, as you can clearly see that price, after my suggested long to myself on the chart went up not only up to the middle...

Thank you. You are welcome. Hope something I say or show helps in your trading. I don't have anything to sell so I am not a vendor LOL!

My 3 trades were over before your annotation in yellow #2, #3, and #4. My comment in orange letters about taking a trade (which I did not take it..I probably had something else to do..I don't remember) wee made beause in bull channels most BO's south of the channel will fail and price will head...

Thanks. I suppose I need to explain things better as to why I see certain things or do certain things. I have done this so long that I don’t have to look at every single detail when trading. My eyes just see a trend morphing and a TR forming and then I start looking for when I can draw a...

May this will bring a little clarity on IDing a TR. You got a BO of a bear trendline at bar 13 (that larger bull bar). But that is not the first sign we are flattening out the previous bear move. The bar before bar 13 is a PB even though it barely did break the blue trendline. Or depending on...

Thanks.

In my neck of the woods those that got the vax keep getting covid multiple times. Those that didn’t get it fair much better. Explain that to me someone.

Exactly why I am flat at the end of the session. Trade #5. I won’t carry a position overnight in the futures. I am a scalper and I will be flat when the session closes. I do not like surprises on the next open. That said it would have worked out just fine as I would have been long at the session...

Why did I declare it a TR? The market cycle. Channels morph into ranges once the channel begins to flatten. The last leg of a channel usually becomes the first leg in the TR. Since price was in a bear channel and then began to flatten out in that first PB in the drawn rectangle) and most...

Correct but the answer behind that is one of “odds.” Until 20 bars are made in a pause/pb a trader doesn’t know if there is a TR or not. Therefore any pause could simply be a PB and they are traded differently than TRs. Once PA has “shown” that a range (price is the best indicator of price...

Actually it was not declared a range nor drawn as a range until much later than 7 bars. Around the 19th or 20th I then ID’d it to be a TR and so annotated it in the chart. Those trades previous to the 19 bar were NOT TR trades using TR techniques. I was using other techniques for those trades...

I trade usually 5 minute charts and that has been mostly what I do. However, at times I will trade 1 minute charts if I am feeling giddy and thinking fast that day. Or in a hurry.

He was older than that.

SML tries many things. Presently he is just into clik..clik and guessing.

Yep it is on amazon Beat The Machines by David Goodboy Looks like Baron was on of those that recommended the book! I don’t know why marketsurfer aka David Goodboy was banned from ET.

I don’t know what they were or are. I didn’t buy his book explaining such things. But I did have a blast interacting with him on ET. He was a big admirer of the hedge fund manager Victor Niederhoffer. His book is probably on Amazon.

Don’t forget his price drivers! I had a bit of fun back in the day responding to his posts.