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Nice going ET Lurker. System trading is cool. Over my head, tho.

Tough day to trade, unless youre Jack. I had made up my mind coming in that I wasn't going to give back anything unless the day showed some trend and it never did. Monday might be good.

No, I meant your charts look great. I think your problem arose with the ftt because you didnt draw the first channel of the am. My second channel wasnt drawn in until bar 8 or 9 so not exactly accurate.

Youre charts look much better compressed a bit. Imo, bar 5 was the ftt. and bar 4 was a clear inidcation of what was coming.

Monday was a little slow.:D Who can imagine what tommorrow will bring. I may be done for the week. Cant stand too much more of this. Quite a ride the last three days.

Dont have to worry about lateral trends today.:D

Do a little math. ES spread is 12.50 so you make (rounded off) 7.50 when you win and lose 17.50 when you lose using IB commsisions. You have two strikes against you from the gitgo.

Havent even tried to draw any channels this morning. LOL. What a mess. There arent many sure things in the market but this mornings early test of 1200 was one of them. Kind of wild since, tho.

Speculation is futile but I cant help feeling we are in the beginning of a bear thats going to last for awhile. Tradingwise I dont mind as they are easy to trade, imo, but Im worried about my friends and relatives 401k's etc. I am urging them to get conservative but they didnt listen before and...

Heres an assortment: http://www.dacharts.com/systems.php

About what you would expect after a big move. Nice little swings tho.

The thing that I dont understand, Mike, is why, if you have found a leading indicator for NQ, you are not getting rich? I guess I need to monitor the relationship for awhile to see for myself, to see what you are talking about. I hope its true, that would be nice.

rt clik on ES, select tools/market depth. Apparently it is of use to those who understand it, unfortunately I am not among those.I have seen hints but I have not seen an in-depth discussion of how to use it so far. Since it is an integral part of sct I am hoping that we will get into it eventually.

I was under the impression that you were often doing other things during the day and were not always able to keep up with your charts on a minute by minute basis. Sorry if I misunderstood.

The best answer I can give you is, practice. Keep drawing the channels. Use a good simulator. Put in the screen time. There is no easy way to do this. It took me three years and many thousands of dollars to get the hang of it, but Im old and slow. You should be able to pick it up in a year or two.

osho That is not a good example as that channel was drawn after the fact as some of Maks are. Maybe it would be more accurate to say they are delayed channels.

Not sure why youre stuck on this point. A lot of sct is done on much faster fractals than one minute. After much experimentation on my own I have found the 5 min. chart to be a good compromise to center on with glances at faster fractals at suspected turning points and parabolic moves. Whatever...

Testbook stuff today

updated

Jack may anticipate but I have not got to that level yet. I need evidence. That post was to stalker and osho re: a previous conversation. That short just hit the left trendline (exit) and bounced. Cant figure out how it does that sh**.