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You're right. Good one. And it may matter a great deal. Getting into microtrends and microchannels can be a trap, but this may be more substantial than that. Won't have to wait long to find out.

On the hourly, no. That was completed hours ago. On the 5m, maybe. But what matters more is the barrier presented for some reason by 90. And given the level of activity, or lack of it, it's unlikely to be breached decisively. OTOH, you never know. If one wants to play the breach and be ready to...

I'm a little concerned that price has settled so low here, but, given the drama of the past week, maybe it needs to rest up. Those who trade the hourly using the SLA will note that the SL was broken day before yesterday in the morning. But there was no long entry due to price making a lower...

I posted this yesterday to Trading but it wound up in Educational Resources where no one is likely to read it. So, I'm posting it here in pdf form. This is a guide to evaluating trading rooms, though it serves equally well as a guide to chat rooms, the distinction being primarily that a...

Not quite. Trading may not be easy, but it is simple, and it shouldn't take more than a few months to get it. The reason why profitable trading is so difficult for most is that -- as ND states in her first post -- those traders are not prepared. If one is prepared, he is far more likely to have...

So why haven't you done it? Have you asked her to share? Has she not been forthcoming? If you haven't done any of this, why not?

Yesterday went long just a single contract around 1796 Why? Because you have a consistently-profitable trading plan that told you to do so? If not, what did you expect?

Paradoxically you'll learn much faster if you stop trading. There are several people here who've blown me off in this regard, thinking that continuing to trade is a short cut. Instead, after months of pushing a string, they're no better off than when they started. The "short cut" is laying...

For now, yes, something like that. Failures are also an interesting source, though I suggest you do this in replay and not in live trading. You may become so intrigued that you stop trading. The behavioral aspects have always interested me because of my educational background. But AMT in...

An excellent beginning, but I suggest one addition: why? Why are traders doing what they're doing? At what level and at what point can I expect them to begin doing something else (which is the key to successfully trading reversals)? This will help answer at least some questions and clear up at...

If ND is successful, and I have no reason to believe that she -- unlike some people -- isn't, it's that she understands behavior. She can go through all the gobbledygook about moving averages and triangles and whatever the hell else and what difference does it make? It's part of her process, and...

FWIW, the mean of this channel as posted above is around 3570. Tomorrow should be tons of fun.

And back to the mean . . .

I wouldn't call it "haywire". It's been very ordered.

One of those rare days when it pays to trade all day.

Sure. Too cold to do anything else. Now 25pts.

Now 22pts.

So. Up 17pts in 9m. Your vocabulary words for today are Mean Reversion.

Third time's the charm. Watch for a reversal op as we approach the day's low. If that doesn't hold, hang on.

Some people might also benefit from I'm Only Trying To Help You . . .