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If you like. If you see no difference now, perhaps you will in future.

Watch for 3600 and 3540 today.

Proper channels are based on behavioral dynamics. They are not bunnies in clouds.

Now that the trolling is done, I'll point out for anyone else who's interested that all of this is a result of a conversation in chat, though I imagine Frank was considering doing this before it ever came up. I did not know, however, that Frank was going to trade according to his understanding...

Seems like most people (a) didn't read your second paragraph and/or (b) didn't notice that you left off the last three years. Patterns exist because people see bunnies in clouds. And there is an oooo factor among the unsophisticated that prompts them to view pattern people as experienced and...

HA! Yeah, right. You learned how to trade in six months. As for this journal, how Frank trades is entirely up to him and it's really none of my business except for the reference to Wyckoff. I've watched people apply Wyckoff incorrectly for years, then complain that "it doesn't work", even...

Actually "jumping the creek" is not a Wyckoff term. It was coined by Robert Evans, who took over Wyckoff Associates after Wyckoff's death (actually, 17 years later, but it's a long story). You may want to read Wyckoff's original course. But all that aside, even if you were to short that late...

Learn to read price before you involve volume. Volume only clouds what is important with regard to price movement. In any event, the only volume of note is the volume accompanying the climactic action at 0631/2 (your times) and 0708, which is another climactic bar, though of much lesser degree...

Why are you invoking Wyckoff? None of these trades except perhaps for the last long are trades that he would have taken, nor did he use candles nor indicators nor pivots nor dojis nor hammers. Hope, of course, is never a factor. The central problem, of course, is not the plan per se, whatever...

Traders -- and trolls -- will note that price tried to rise out of its channel a couple of hours after I made the above post but then several hours later plunged EXACTLY, before bouncing, to the line that I drew to represent the mean of the channel. This is not magic. This is about how markets...

I'm posting this here even though it has more to do with chat because there's no place else to put it. OTOH, it is an hourly chart and the "lesson" applies to all trading having to do with an hourly chart, at least the sort of trading addressed here. So. There is a tendency among inexperienced...

I don't follow this thread but was told of this particular arc, and while 40's comment seems to have whizzed by those who post, I'd like to clarify it just in case it stuck with some lurker. I do not recommend trading multiple lots, at least not for a beginner. If a beginner can't get trading...

Well, I wouldn't call it "dumbing down". More separating the wheat from the chaff. Learning how to draw involves focusing on circles, rectangles, and triangles. Though trading is not easy, it is simple. Those who can't trade simply invariably can't divorce their egos from their trading. A...

Many thanks for your efforts.

There appears to be a lot of mean reversion going on here. If so, price will reverse at 19-20.

Given that the effort and the failure took place in the middle of the night, it'll be interesting to see what daytime traders do at the NY open.

I said yesterday morning that it would be a good day for a short, but that had to do with AMT, not demand/supply lines, or at least these demand/supply lines. And it was. The only problem was that price hung for twenty minutes before buyers gave up at 1010 and it fell. If the trader had been...

I must admit, I'm developing a fondness for this page. I never used it before because the "latest post" page was the default. But it sure saves time. I can see in seconds whether or not anybody has posted to the forums in which I'm interested, and the process is much faster.

Yes and no. As I demonstrated in the Bride thread, one can use this to trade chop if he chooses to do so. I do not choose to do so. For one thing, I don't have the time. Therefore, if we're in the range, I'm not interested. This means, for one, no reversals. If one wanted to take a reversal...

Yuk! Yuk! Yuk!