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It seems the longterm short is about to be triggered. 66-67 if I got it right? Could also just stay in the range and/or develop a hinge... CouldaWouldaShoulda...

This is very interesting what you said here in terms of a reentry after the SL was fanned. I mean it sounds obvious, fanned lines represent fading strength of the trend or move, but I never thought about it in terms of a "rule". Even as a heads up, this is a very good reminder. Thanks...

Even if I have enough to do with the NQ context and trading it would be interesting if you could elaborate a bit more on the correlation stuff. Is it like "ES is not making a lower low"...Buyers come back...so NQ might not go far if it breaks down...just as an example...?

Thanks DB, I will do all this over the weekend. Would you suggest replaying also specially for the trades that are losers or break the line before going in your favor? In terms of bringing it all together I was searching for a long time and have to say that OneNote from MS Office seems to...

In combination to what game mentioned, could this chop have been expected because it took time and effort to reverse the strong downmove - in hindsight :-)?

I believe what Gringo mentioned here is pretty essential. First, if the trade is there - and maybe also within the right context - one has to take it. Specially within the active hours there might not be another entry opportunity as well. Second, and that is really king for me is the...

Here is a trade I took premarket. This also refers to the "wiggle room" context. After the entry at the lower high, price tested the supply line (and the 50%) again, but bounced back down. Here the statement you made once that it is important to know "what you don't want to see" is obviously...

"Midair" is between 8:40 and 9:00 roughly? This might be off topic again, but am I wrong with the observation that there are certain times where the best moves occur. In general what I have repeately seen is that within the first 15 minutes there is one move, then around 7:55 to 8:05, 8:15...

After the failure at the top of the trading range and the drive down, I expected (yes, dangerous) a test of the opposite end of the trading range (maybe down to around 59), but obviously we never made it so far down, instead the buyers were taking over again. In terms of what Wyckoff...

So, the DAX made a new alltime high - maybe there were at least some usefull information "they" took from the german chancelors mobile phone... As for today trading the NQ, here is my perspective - and I would be more than happy about opinions, corrections or comments in general. We are...

Hi everybody, I just recently found the new thread and try to catch up a bit. In general I'm working on refining my plan and doing the necessary backtesting. One of the most vital aspects obviously is to stay out of the chop (aka a trading range too narrow to trade). In terms of trading...

Wow, this is very good. Usually I was drawing the channel and the middle line after the fact. I always tried to find a kind of anchor, a minor high or low for that. Would you agree, that the principle is very similiar to what you described finding the midpont of ranges - an area "traders...

As a historian - at least I studied this once - I'm a big fan of old farts. All this could fuel the discussion if there is something like progress in mans history in general. This is off topic of course... In terms of Wyckoff it is also great to see the laws in its purest way - even if...

Thanks... Even if you also mentioned this quite a few times, it's always great to get repetition in context. At a point it should be all about doing it - or hire oneself to really do it - as you said in the "How to do it" sticky. Obviously this should have been done at the beginning. But...

My problem is how to bring the general approach, the daily plan and the setups together in context of a global backtesting. Or is it only necessary to backtest the setups themselves?

Coming down to cases, this was the current situation I saw - and traded. Trend is sideways to down. Price was approaching a potential level (3208), but buying pressure was fading. I first traded the DT, but after the bounce of the 50% I got out with a one tick loss. I reentered with...

Personally I have to say that I have problems to incorporate trend in my trading plan. It is not too hard to create setups based on price action at certain landmarks, but in terms of being unbiased it is obviously not helpful to follow a fixed "only trade in the direction of the trend"...

Thanks a lot, DB. I will also read section 15 again. As a freelancer I'm used to get payed for the time I invest, but obviously this is very different in trading. But slowly it seems that I'm able to switch from taking mediocre opportnities to wait for the good ones. The focus on a...

Isn't that a legitimate channel? Obviously it became a hinge now...

I believe it is necessary to add in terms of context, that this reversal after the open took place at the bottom of the 60 minute channel line - so a trade at an extreme...which makes it a very good setup...