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Well, you say that you "believe that this plan will give me all I want and more if I just trade it as I have written it", but there must be some basis for that belief or you'll never trust the plan, and if you don't trust it, you won't follow it. What timeframe did you cover in your backtest...

We discussed this in chat today, and it probably has nothing to do with duration, etc, but with the kind of activity commonly found at or around the mean. If you look at the June trend channel, the mean is around 63. Well, guess what? They now seem to be done with their business and have...

Well, surprisingly, the key to it is not all that mental. I may have missed this somewhere but have you gone into detail regarding your backtesting?

Yes. ............

I was expecting the "why" but then your post just ended.

Depends entirely on how fearful you are, which depends in turn on how badly you've been battered by the market. A beginner isn't going to worry about this. He may not even think about it. An "experienced" trader, on the other hand, may well freak as soon as price is one tick outside the line...

He's not mean. Just average.

The message was to me, and the problem appears to be the same as that which has been mentioned several times: the "truncated" posts. The problem seems to center around commas, apostrophes/single quotes, and hyphens. If you look back over posts made before the upgrade, these characters have been...

That's something you'll have to determine for yourself. I played with CVBs for a while, but I found that knowing how long price took to get from one place to another was important to me in terms of assessing behavior. And as the overnite has become more important over the years, having it all...

As to the clutter, this is always an apparent problem with hindsight charts because of their culminating nature. But in real time, most of those lines wouldn't be there. As time goes forward, you pick up new information and discard what is no longer useful. And as you become comfortable with...

Re the chart two up, there were lines drawn earlier that had nothing to do with Friday's action, so they were left off. However, if you can ignore everything that happened after Sunday night, you'll see that there is a channel there which also acts as "resistance" to the bounce off the lower...

Pretty good for somebody who's just starting to play with it. But :) Why so tight? Opening night jitters? Actually there was a DL in place. All you need is two pts. If you want more, that's fine, but that's a choice, which is another reason to leave this discretionary rather than...

1900 in the ES. :D

Depends in part on how they're displayed. If one uses black candles, there will be little difference between the candle and an OHLC bar. But candles go way beyond that into volumes of cherry-blossom terminology that encourages the trader to look for patterns and assign meanings and look outside...

Curse you for bringing this subject up. I wound up getting sucked into the thread again and finally had to wrench myself away around post 180. :) It's a life-changing thread. Or can be.

Depends on what you want to get out of it. Since poker is a zero-sum game and trading is not, that particular analogy is not going to get you very far in terms of technique. However, there is a mindset that is arguably essential for the trader and also for the professional gambler, particularly...

A note. The purpose of placing the buystop away from the trough of the retracement or the sellstop away from the crest is to force the market to come to you. If it does not but rather heads in the opposite direction, your entrystop is never triggered. Instead, you switch gears and wait for a...

What matters is that price is rising. The notion that rising price must be accompanied by rising volume is a common misconception. If rising price is accompanied by rising volume, then it is being accompanied by increasing selling. This is not necessarily a problem if demand outweighs...

If you want to find an indication of institutional demand/supply, volume won't be it. Volume merely reflects trading activity. Whether demand outweighs supply or vice-versa will be seen by whether price rises or falls.

The entry was what it was because I wanted to start the new year with a clean slate. Therefore, the entry was made on the 1st as far as time but where it was made was due to prior conditions, e.g., the state of demand and supply. You noted that the last demand line was broken at about 3586...