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DB: thanks for your kind help. one OCO is limit long at 3196. then Why limit long at 3196? it may test break point 3196 again. Edit1: just realized DB said no buy at down move for this thread purpose. Then just the stop buy order 3198.5.

Higher low around 3193 clearly showing demand is stronger than supply. But price is still inside 3192 to 3200, so we await developments. We need to watch closely the relative strength between demand and supply when market is approaching 3198 again; or it may march down to break down 3192 to...

Week2 8th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Focus on entry more than exit; step by step. Today I had very good entry but bad exit so missed the whole up swing twice. 8 long, 1 short. Need to think carefully what...

Slugar: Maybe you need to use DB's 60m chart, nothing more and nothing less. But i could be wrong. For your reference only. Gingo and Niko: It is a good reminder. Thank you.

Gringo: I answered DB's question first and then just tried to answer yours since your this question is out anyway. Anyway, thanks for reminding, and i am focusing on DB's question.

A1: shown in green arrow. A2: a wider stop, otherwise, stopped out.

DB: Those thin lines would be drawn when having two reasonable higher highs for SL and two lower lows for DL. The first line i would draw at the last bar close is thick SL to track supply because supply is overcoming demand at the moment seen by all SL are not broken yet. The the second line...

DB: I will probably need to ask you questions after i read and digest the material again in the evening. Thank you very much again.

Week2 7th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Focus on entry more than exit; step by step. Context: daily 1620 to 1720, overlapping boxes since july. 60m: in box 00 to 20, diagonally moving up since 10/9 low. At...

Thanks DB for your generous help. Since i like to read it in a file instead of many posts, i put together a 18 pages pdf file to include major points in the discussion of this thread since Friday 10/11/2013, to be shared here just in case somebody may find it helpful.

DB: I tried to answer your question to Niko, to learn how to analyze the market. If possible, please help to comment the notes in the chart. Thank you.

the selling is strong at this moment from both buyers who are taking profits and sellers who are initiating shorting. Or supply is much stronger than demand from sellers who are taking profits and buyers are initiating new longs. 12:12PST: After i submitted the post, i found out DB has a...

Week2 6th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Focus on entry more than exit; step by step. Context: daily 1620 to 1720, overlapping boxes since july. 60m: in box 1685 to 1700, diagonally moving up since 10/9 low. Today...

Week1 Sim-Trade Review What I learned from the attached trades details file: I did follow the action plan on not widening stops but i was not following my setups exactly. If i had followed the written setup better, 3 losing trades in 10/8 and 3 losing trades in 10/9 should not be taken...

DB: Thank you very much for your time. Very helpful discussions and sharing. Wish all a great weekend!

Week1 5th day of 15-day sim-trading ES. The purpose is to build good habits to follow the plan and setups consistently. Focus on entry more than exit; step by step. Today Globex ES BO above the large box top 1685 and entered upper large box. Had 2 losing short trades, 2 trades with good...

Quote from niko: Assuming the risk is a point, the entry would have been at 11.50 so the fearful would be out at the upmove at 11:36 Huyang: long at 11.50? if long, then why get out at 12.5 at 11:36? if short at 11.50, why short at 11.50? because the rule is to short 1ps lower than...

Niko: long at 11.50? if long, then why get out at 12.5 at 11:36? if short at 11.50, why short at 11.50? because the rule is to short 1ps lower than some bar low if i understand correctly. 11.5 is not 1ps below any bar low nearby. thanks a lot.

retraced to around 50% 3204, then moving up again. broken small SL called as line 2 from 10:27 and approaching now to SL called as line 1 drawn from 10:06. If break above line1, then long again at retracement? or at 11:11 could long using stop price 3211 since line2 is broken anyway?