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IMO the failed reversal already happened at 12:30. That's the only time a higher high was made all session, it retraced over 20 points but by 1:30 the NQ was making new lows. I think that kind of price action is going to keep a lot of longs on the sidelines.

I know the date is front and center on all of these but I'm trying to look at them independently. I think the market looks more bearish after the extra bars on the updated chart have completed but obviously there is the 10 points I would have missed with a bearish point of view. After the...

This one to me looks like you have an established uptrend. There isn't too much excitement on either side of the market. Bar 37 shows an effort to move higher followed by 6 bars of coiling before it expands to take out the previous swing. Bar 37, 40 and 44 all show strong buying but that...

Here is my tick chart today. I picked a good day to try and give the market room. If it had been choppier this may have backfired but maybe that's just fear of not knowing talking. I also adjusted my channel a little . I'm not sure if this looks any better to anyone. The outer lines That...

L - We are like two women in prison - our cycles line up. I'm glad you are having success with Taylor. All the best on your journey. I would be interested in reading yourTaylor journal if you have one. If your second comment is directed at DBP - I doubt he thinks of himself as a guru and I...

After reading this its completely obvious but I've missed it for a while now. In my head I've been stuck on a boxing match analogy where each wave is some sort of blow (jabs , crosses, uppercuts) between buyers and sellers. Did you crash ET?:D

Here is my chart of the NQ today. 50% gave some help today. I've noticed that I'm much more likely to see a signal for an entry than an exit. I want to get better at getting off the ride before a swing is hit. Maybe I'm getting ahead of myself?

That makes sense and I agree. I struggle with the balance of giving it enough room and not giving back too much.

I've seen some of your older work on candlestick construction etc. Its good to see we all are still learning, you're just further down the track.

I'm struggling to follow your conversation here. I wasn't in chat so obviously I'm missing some context. If I'm understanding correctly Niko is saying that if the reasons to scratch are valid with 1 point profit those same reasons should apply at any point along the profit journey. If my...

A friend of mine became an analyst at a wind power company and moved over to the trading desk after 6 months. They need someone to be on the desk 24/7 so now he gets to work every holiday and most weekends as the rookie.

Looking at bar 1&2, bar 6 and bar 10 we see sellers can't find buyers below 67 and buyers can't find sellers above 69. Bar 13&14 show that sellers are becoming more aggressive. From bar 15-21 we see buyers attempt to rally higher again met with aggressive selling at 22. Sellers seem to be in...

DBP - I see that I have a lot of jargon that I have picked up while studying this stuff on my own (smart money, no demand, upthrusts, war analogies). I'd like to clean up my vocabulary so I can clean up my thinking. Based on your reply above I feel like I was seeing the right change in buying...

Supply is over taking demand. Price is making higher highs and lows leading up to the range. We can see that the upward stride of the market is halted after the rejection around 3705. If I look at all the bars at the bottom of the trading range I can see that every time sellers pushed price...

Here are my charts for today. I noticed when price speeds up and gets more vertical - I'm missing the smaller pullbacks. I see them but I don't think I can act quickly enough to secure them. I might have to do some replay work to be more anticipatory when price starts to go vertical.

This is one of my favorites. As is "Two kinds of wisdom, — to persist in things worth doing; to abandon things not worth doing." What habits should be cultivated and which should be culled?

Everyone is out searching for the holy grail and DBP has been posting it for years. I also saw you mention the Phantom of the Pits who I had never heard of. I read his book and liked a lot of concepts - even his wacky ideas on behavior modification. I appreciated his distinction between...

It sounds like this paragraph sums up your situation. I'm just regurgitating what DBP has said 1000 times (several of them to me) - you don't have a method. You are fearful when trading because you don't have any concrete rules and therefore nothing to depend on. Discretionary trading does...

Does bullseye allow you to only draw 45% trend lines or can you also connect swing highs etc? Do you find 45% is a better indication of trend change then traditional trend lines?

I just switched to running wondows 8 on my mac. Screen shots are easy on a mac. I don't have a printscreen button on my mac keyboard and that method has always been clumsy. Is there a free program/app for screen shots that doesn't require a ton of steps and allows for some basic editing...