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Romik, had the price broken the red resistance line of the channel, would that be one of your all in situations? It seems to be a big level.

Romik, how do you spot CCI divergances? I currently look for CCI crossovers, seems to be ahead of the stochastic.

Nice trades guys. Romik, i see you were long 1302 on. Were you not afraid of the resistance at 1304.

Alright, good luck, it is already 1305.5.

Well it didnt go anywhere after breaking it. Now its just sitting on fence. 4RE, had you entered at 1304.25, what would be your plan now that it hasnt hit your target?

What do you guys think about a long trade, as it has broken 1304.25?

I am really glad I came across this journal. I hope I will have the patience to become profitable one day too. If I do, I will owe much of it to you guys!

Can you explain this a little bit please. I have trouble understanding what you mean.

So you only trade on 15 minute candlesticks? The one that you circled, had it not be a 1 minute, you would have gone short but been stopped out?

Youre right, i dont have an answer to that. Ive just blindly believed what others said. What surprises me is that charts can accurate enough to allowa significant profit after commissions with a 1:1 R/R ratio. But maybe only you can do that.:D

Romik, I find it interesting this is working for you. Seems that many say enver to double up after a loss. Yet, you make it work. If your stop is 2.25 away, what kind of gain do you look for? I was looking into 1 stop/2 gain, but perhaps I will get whisawed out too much.

Good call. Are you still looking to add below 1294.

Thanks a lot for the detailed response Romik. I have just over $10,000 to start with. However, right now I am still papertrading while learning about charting, S/R. I have found indicators to be whipsawed in the previous months with regard to the stock market. Would it be fair to extrapolate...

4re, on your chart for the week there is a support line around 1287 stemming from the bottom of a long bullish candlestick. How did you determine this support, is it simply because that was the biggest candlestick to draw from? Also a question for you and Romik, do you find the volatility in...

I see, thats great, as Im really picking up a lot reading your posts and looking at your charts. Thank You very much.

Romik, what does the line with P mean? Also, can you and 4re perhaps recommend any books on charting. I read Pring's (did not find useful) and now am on Murphy, whom i find more concise and helpful.

I am still papertrading with one lot. Before I focused on stocks, but ran into this thread a few weeks ago. It has been very pleasant so far. Anyhow, congratulations on your profit today everyone!

No indicators? Arent those bollinger bands on your chart.:confused:

LOL, actually I do find it really interesting. I will probably read every page by tomorrow evening.

Thanks for the chart. As far as I read in the thread you dont use any indicators, just chart patterns and S/R? Romik, if you have time, explained a bit of your strategy. I havent been able to find an option to search the thread and its hard looking through 500+ pages.