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I hope you are doing fine wwatson1... I'm going to push forward with some more indepth strategies. The market profile is a chart that is wonderfull to know where to put on trade's. If you can lean against a POC or a value area high or low, then you have a greater edge. See pictures.

Thank you for the support, but Visaria is right about the correct way of using the English language. The title came from another trhead and I did not think it true... This does not mean that trading can be taught, it can only be learned when the student is ready to start learning it ;) Examples...

Another great example later today:

Today example:

Another day, other examples... You can do this, day in day out. You can do this the first hour, last hour, four hours or all day long, depends on what you want to accomplish... You can do this with index, oil, etf, forex, everything that moves:) I think it is clear... I will suspend more...

Today's example is an example with a an exit strategy, that is not set in stone, like the 'first scale' exit. When Wwatson1 is doing the entry's in his sleep, we are going to work on the exits... Today's exit, is when the close is above the 'orange' dot or the moving avarage simple of the high...

Sorry, late today, had other business meetings to attend. One trade, same example. This day would have been lot's of long trades, but was not in the office to trade.

Today examples. First trade loser, that hit my 'hard' stop. It was hit before I could react. Happens sometimes. Second one, I move the first scale out a little further becaus I knew there was more room for upmove. Other up signals I ignored because of anticipating down move for today or at least...

I see I do not really answer your question of "Why" I did anticipate a down move: Do not use this for know, but let me explain some things about anticipation. Before I start every day I look at what the move was the day before. Out of that, I look at pictures that may or may not happen. The day...

Yes, and that is my "bad". I was anticipating a down day and not really paying attention what was displaying in front of me. Sometimes when I'm not focused, this happens to me. I'm glad that it is maybe one or two day's in a month. I recognized it as soon I'm out, and I quit for the day then...

Today trades examples are losses: When I see price and cummalitive delta not doing what I anticipated, I get out before my 'hard' stop is reached. This keeps the losses to a minimum. First trade, is exit at first scale. That is the exercise that I like wwatson1 to keep doing, untill he can do it...

Okay, thanks, will put it on the to do list.

No, I'm not familiar with his material. Does he use the cci's for trend recognition?

I think every number could work as long that it paints the right picture for you. But I also think you need to combine the ema's with the whole picture you see. I use the ema to not only see the trend more clearly, but also as a support or resistance line. If you see in the pictures, there are...

Great! If you can see that, you are going to be a very good trader. Can you share what you think the problem is why you have difficulty trading profitable?

A bit more about getting stopped out and prices moves as you intended. If have a clear example from today of how you would not initiate a trade in the first place. Step for step: You are in a downtrend. You are looking at pullbacks to enter in the direction of the trend. Suddenly you see this...

No, not really or there must be something off. The win rate is +- 65 to 70% untill the first scale out. This is also something we need to backtest for the instrument you are going to trade. Backtest will show us where to put the first scale out. And where to put the hard stop, so you do not get...

Do you see the keltnerchannel? The dotted grey lines? If prices would closes above the upper keltner channel band, I would definitly close the position in this example. The hard stop is further away...

If I'm not paying attention or the market goes so fast, Yes both position are exit at the hard stop. Normally I exit both positions sooner, before the hard stop is going to be triggered.

Yes, but there is a catch. We need to calculate and backtest this with the instrument you are going to trade. I do this to get a better average entry price, if price is not going my direction from the start. For now, just focus on one contract or one position, not two or three.