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This is kind of fun. Pretty interesting exchange of ideas for a change. Let me try another analogy. How about an electronic game. Say your charting software and other tools are DOOM with the exception that each game is different so you dont know what is going to happen next just because you have...

I guess I misspoke there. I should have said Spyder's interpretation of Jacks method. I dont know about the macd, etc. It appears they are not really neccessary. Spyder has pared the method to the bone and made it easier for those of us who cannot follow the old mans means of communication.

Hows the old saying go, "I know theyre cheating but its the only game in town."

I might as well insert my two cents worth in here. I think most people do predict when trading.IMHO Jacks method is a bit different. Lets say you get in a car and start moving but you have no particular destination in mind. You just want to ride. You proceed along until you come to some sort of...

I feel the same way steve. Its the greatest hobby in the world. I only risk a small portion of my income on it and I consider it money well spent and who knows, one day it may work out.

I am beginning to notice certain things about channels that have some "predictive" powers if I am permitted to use that word. How long the channel is, how well it is "taping" and its slope often give some pretty good clues to what might be coming next.

How long have you been trading NQ Art?

Looks like its going to be a snoozy rather than a doozy

Theyve been selling it off every day around three. Just started a bit early today.

fasten your seat belt

You guys must not be using IB or Buttontrader.:)

LOL. I was sitting here looking at my chart and I did notice that the RTL of the traverse channel was a nice exit point. Was going to say something to this effect but you beat me to the punch. Its starting to get easier once you get these little nuances in place.

It is very hard to watch price move back significantly against you. On a wide channel, waiting for a RTL to exit can cost you a lot of money so I think the pace of the market has to have a lot to do with this decision if you are not reversing. If price has moved signicantly I will start looking...

Even if you missed the 11:50 pt 3 there was another entry on the 12:25 bar and yet again at 13:05.

I moved to a second shift position and took a cut in pay in order to trade during the day. Fortunatly I dont have anybody to look over my shoulder right now as I am the boss.:)

The same arguements cycle through this forum on a regular basis. I have yet to see one resolved to anyones satisfaction. To quote the Bard: Much ado............

I'm surprised to hear this but it makes me feel better as I find that paying TOO MUCH attention to volume is counterproductive, for me, and makes me jumpy. Basically I want to see if reds or greens are dominating the trend but otherwise I am just looking for point 3's and RTL crosses. I am...

I think trading chop is the final stage. The top of the food chain. When you can trade the HVS's you have arrived. Still a dream for me. Its all I can do to catch a small trend.

Sat around most of the day but ended the day with a nice one. Dont know what you call the second point 3 on the RTL. One earlier trade off an Ftt but was a bit jumpy. I did not wait for a RTL cross to exit because it was so late but exited on the LTL when it bounced a bit.

If you dont want Optioncoach to distract you simply put him on ignore and go on about your business. Personally I like to see what other people are doing with the stuff.