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I was telling the other day to one of the members here on ET that I envy him because of his ability to tell/write a story around what he sees in the PA of the market. I always thought that writing down quick and dirty rules should be sufficient. I was thinking today that under certain...

1st trade was not based on diagonal lines. Gabe

Last time I got naked, I almost drowned. Trading sim is like being in a swimming pool at the shallow end while trading live could be like swimming in a perfect storm. To continue the analogy, if we see that a perfect storm is coming, we should stay in the port anchored down. Gabe

I may appear to have no idea what I am looking at, and I may be petrified but these are my results. The last 10 days are trades of NQ only. Gabe

An OK day. Still not where I want to be but getting closer. Gabe

:cool: I must be related to Bohr. Gabe

Thank you for your comments. Probably you are mostly correct. You may change your mind in the near future. Today's trades. Gabe

Thank you for the time you put in to convert and annotate my chart. (I have vision problems and a white background hurts my eyes, hence my dark charts) I have annotated your chart. I am not sure if it is correct. It is my opinion that all S/D lines from most traders will not be 100% the same...

Those are the S/D lines in progression. The attached charts (top left to bottom right) is sort of a slomo of the "transmission grid". I hope they are correct. Gabe

Small loss today. I still don't get the hang of these diagonal lines. It is possible that I still subconsciously use other things. Gabe

Was chopped to pieces b4 10AM. Took 2 trades, left the computer and by the time I got back I was in the green again. I must leave trades alone. The losses b4 10AM were b/c I am still not good enough drawing the lines. Actually I drew too many lines. My horizontal lines are mostly well...

I have several bar formations that generate an audible and visual alert but I have removed those as the formations were not working. Maybe I'll make an automatic trendline cut alert..... Today's trades. Not too proud of them. Added to a loser and gotr out too late. 1st chart 1st trade...

Tonkadad, slugar and NoDoji. Thank you for your posts. Just to clarify. It was a day dream. A while back I made a spreadsheet to illustrate exactly the danger you wrote about. It was in response to some other DAY DREAMER who had very lofty expectations. http://screencast.com/t/97Tr7N2BHb...

Sometimes I like to day dream :). Todays dream is a modest one. I was wondering how realistic is it to make 300$/day trading the NQ. My assumptions are that one would have 2 trades per day. Each trade will have 3 contracts. (Or 3 trades with 2 contracts) Based on the above, a 2.5 point...

1st week of trading NQ ended. For now I like it more than CL but I am not dropping CL. Charts with different formats are attached. Please let me know which one is the most beneficial to most. (maybe a combination) Gabe

Over the next little while I will gather the stats. I should have done it a long time ago. Incidentally, I remembered that back in 2009 I bought Al Brooks' book and he talks about micro trends. He was difficult to read but this book is the best from an informational point of view. I am not...

I don't have exact stats but I would say more than 75%. It is a correlation instrument. TF. It moves more than any of the other 3 major index futures and usually leads the move. Just put the 4 majors on 1 chart (line form, starting @ 9:30AM EST) and you'll see that TF is leading, most of the...

Both of you are right. The bias came from another instrument that more often than not was signaling a direction for the day. Today it did not work. As of tomorrow I am not considering it. The 1st chart contains TLs that I drew in real-time. The 3rdst chart contains TLs that I drew at the...

I have a short bias today so no trades so far.

I agree with the non extended line idea but during the trade, I keep the longer lines b/c I don't have to worry where they end. I'll try and see if I have enough time and not lose concentration to draw the short lines and extend them as needed. Here is a corrected chart. Gabe