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Recently I have abandon trying to trade FTT's and rely on PT3's for all entries because at present I cannot accurately identify them, I see them all over the place which is obviously incorrect. Perhaps the addition of these suggestions to my nightly debrief will help. Thanks.

Of this I have no doubts :D

I have a feeling that my maroon RTL was incorrect because I missed the up move due the fact that price BO'd this channel on decreasing volume. Initially the 14:20 bar had me thinking the up trend was ending and then we got my old nemesis an outside bar. Hate those damn things. Finally I was...

This is not the case with me. When I was trading live (pre JHM) I was more apprehensive than when I simulate, but even now (simulating) I am preoccupied with being right and above all not ending the day negative. Ending the day negative prolongs my time simulating and delays the day I can turn...

Re-annotated this evening. Hope they are of some use.

Trades for the day (cutting out early to hit the slopes :D).. Trade: Long @ 11:11 1417.50 Reversed Short @ 11:16 1417.25 (-.25) Reversed Long @ 11:30 1417.25 (-1.00) Exited @ 11:33 1422.75 Reasons (ES only): Believed PT3 up had formed on the 11:05 bar. The lower volume did cause...

I found the 12:25 bar to be difficult to navigate. It formed a sym pennant (w/ the 12:20 bar). Normally I would look for some direction with a break of the pennant except the downside BO was made on decreasing volume. In most cases this would not be that significant an issue, but the range...

Spyder, Just to be clear, if the 12:00 bar had actually exited the lateral, then it would have had a better claim to be a PT3?

Unfortunately no. I still wallow in the entry/exit syndrome :(.

A strange day indeed. I began the day by trying to implement the drill suggested by Spyder. At some point in the morning I decided I did not have sufficient understanding of exactly what he suggested so I put off the challenge until tomorrow after seeking more info. Thank you Ivob :)...

Unfortunately for me I was on "break" (union rules :D)due to the low volume preceding that.

Thanks all for the comments and suggestions (except for Tikitrader's innate ability to be a relaxed trader :p) I will report back on my findings after I do Spyder's drills. Blowfish, I use "Tiltblocker2" to cover my P&L which does help, but it doesn't replace dealings with one's demons so to...

I am still on the simulator. Having blown through two accounts to date (pre JHM) I do not see the logic in going live until I have internalized this method to a sufficient degree and then can execute it with consistent success. This does not mean to be consistently profitable. This means to be...

How bout them Cowboys! Agreed, when I am on my game and committed to do what the market says and not give in to what I want, I exit when the market gives me the first signs of not moving in my favor. Incidentally, for me this usually will happens when I do not enter at times with...

Tums, That is a beautiful and inspirational sentiment but (just speaking for me), not realistic. At my current level I am not that adept at the JHM. I have come to terms of late that I am a solid "beginner" trader (beginner, intermediate and advanced). This is really not so bad. I wish I...

Padawan, My take on SCT is just that one is always in the market making determinations when to reverse and when to continue to hold. One will graduate to SCT when they can routinely nail the best exit of one trade that correlates to the best entry in the opposite direction. I have some...

Where I agree and indeed envy those would exercise SCT (or some close approximation of it) I am far away from acquiring that ability. At my current ability I still struggle to determine what constitutes the right side of the market at any given time. This is why I am trying mighty hard to...

there in lies the rub Ivo :D

Padawan, On the 5 min. chart (I don't use the 15 min) the 14:50 showed slowing red volume at a daily pivot point as well as a RTL (bright green) I have. I was reserved in attempting an entry because of my efforts to enter at or very near a RTL or at least on increasing volume out of a...

I am a little embarrassed to admit this, but I missed the entire down move (except for at the very last PT3) because I refused to enter short in what I interpreted as in the middle of a move. I was looking for an entry off a PT3. I guess I could have entered short from the even harmonics halfway...