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CNMS2 So the decision to go long was 100% based on Bar 5 of ES having a higher hi and higher low compared to Bar 4 ? Decreasing PRV on the ES didn't bias your thinking here to go long ? Thank you !

CNMS2 Question Drill 1 Bar 5 Regarding your decision to go long on Bar 5 what if: 1) YM on Bar 5 was an inside bar on DEC PRV. Would the decision still of been to reverse long ? On the NEXT question assume YM values were as shown on the drill's chart. 2) ES Vol on Bar 5 < 40% of...

Padawan, scaling suggestion - I try to fix my scale at a constant division on my chart and manually adjust the chart to view what I need to see. From a mental viewpoint it helps calm my nerves to see things consistently. Really though concentrate on why the good traders in this forum...

drill 1 bar 5 attached.

I posted my trade at 2pm today along with annotations similar to the current drill we are doing. This trade and chart is very similar to the WMCN discussion that took place several weeks ago based on cnms2 chart of a difficult area. I didn't have the confidence to execute the short reversal on...

april 3rd real time AM chart with annotations similar to the drill. Area circled is the similarity to the drill. PS - I wish we would of gotten farther in the drill cuz I might of made some $ today.

EHorn's points are all well taken about the scaling and the time. I would add some more comments to them all centering around your Entry. Where was your entry ? 1) At the pt1 or pt 3 forest ? 2) At the PT 1 of the Non Dominant tranverse ? 3) At the lateral BO on inc red...

I have a question about the YM gate. Is the reason the YM gate is open on the 3rd bar because the ES is at the LTL ? I would be getting a bit nervous at this point cause my entry is at the BO of the ES lateral and a Short RTL was NOT established and confirmed by a guassian. In other...

drill 1 bar 3 - attached is my chart. How many of you would of spotted the FTT in RT ? Not me. My entry would of been triggered by the BO of the lateral on inc RED PRV. forest context - A non Dominant transverse of a long channel Right Side of Trade - Short Monitor (Observations)...

Took some time off to reread Journal 1. The WMCN discussion is excellent ! and so is this drill. Attached is my take.

My trading results graphed would look like a non dominate tranverse of a Short channel. Plenty of small gains followed by rapid relatively big losses. When I analized my dominate tranverse losses I discovered that they all happened on strong trending days where I stubbornly focus on going...

I was only able to trade this afternoon. Price movement was very bouncy during the period I was trading ( 1300 -1400 EST ). The timing of my last SHort trade was way premature and if I waited till a pattern BO I would of went long. I stopped after my 4 th trade when I realized that I wasn't...

Some New Years sharing. THank YOU Spyder for making this Journal extremely relevant ! Best Trading book I've read several times _ Dancing with the Lions by Trader X. Very little trading techniques are in this book. This book is about the personal journey of an extremely successfull trader...

I am having a bad day. Thought I was short midway thru this morning down move and mistakenly was long. Noticed I screwed up at the short LTL and got chopped up several times trying to go long at perceived Long RTL pt 3. About 12 pm I quit. My internal circuit breakers kicked in and I wasn't...

trade comments attached.

Trade comments and chart attached.

+7.75 Charts and comments to follow. time note 15 = 10am 1 SHORT -.75 ES;SLD;1;1469.50;15:00:47; ES;BOT;1;1470.25;15:03:58; 2. LONG +2.25 ES;BOT;1;1470.25;15:03:58; ES;SLD;1;1472.50;15:12:50; 3. SHORT -.25 ES;SLD;1;1471.75;15:14:28; ES;BOT;1;1472.00;15:24:27; 4...

Trades for today - Short 3 and 4 I had no idea why I took them. DISCIPLINE ! Short 1 +.50 Entry Break of Pt3 bar low Exit Break of RTL Short 2 -1.25 Entry FBO of RTL Exit Break of RTL Short 3 -3 Entry BO of Long RTL...

My AM chart. Only annotating today.

VE - Continuation vs CHANGE( FTT ) ? This is just an observation that will require more research. IntraBar Volume Guassians is the key to differentiate Continuation vs Change. I have observed that Change (FTT) will have a VERY HIGH short lived volume spike within the 5 min bar and the...