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Much worse than the results in one of their earlier studies. I wonder why? You'd think by now . . . On the other hand, the current crop of traders may have no memory of '00 or even '07. Some didn't even begin until after '08, so of course it's been so easy :)

I posted something about this to your journal. Yes, there is a mean to any channel, and there clearly are more trades in the "center" of the tentative channel that you drew. But the mean is more a zone than a line, and it's 40pts wide. This provides no practical value. The supply line, though...

While the upper trend line (supply line) is a good idea -- and I wonder how many people shorted 3600 today -- the channel itself is not unless and until it confirms itself, and, if it hasn't, the mean should not be attempted. In order to have a mean, you have to have some sort of recognizable...

:) I'm waiting for the evidence that I've "blown up". Ah, Friday afternoon, and so many people missing so many spectacular trades . . .

That's it? That's your proof? We've gone through all this nonsense and this is the best you can come up with? Amazing.

So show me. What's your trading plan? I can figure out your results all by myself if it's clear enough. As for the "edge" in my technique being "miniscule", the truth of that would depend on how well you understand it. Explain it to me.

Well, you've been taking jabs at others for quite a while now. Fair's fair. So criticize the method.

:)

So you're still a losing trader and you still don't have a trading plan. What does that have to do with me? Rather than continue to wallow and to carry such a monumental grudge toward a mentor who screwed you, wouldn't your time be better spent learning how the markets work and putting...

If you don't see any trolls, just pull up in front of a mirror. Who the hell cares whether they're "killing it" (whatever that means) or not? This is not an arena. At the moment, they're pulling themselves out of years of "non-success" and learning how not to lose. Nearly all the people who...

I wasn't in chat long this morning bec I had to leave by 1030, but there was a question about retracements and reversals. Perhaps this chart, which I posted long ago, will be of some help:

Who's bored? This week has been a hell of a lot more exciting than most.

Or anyone who's interested could just read your journal, which is two weeks short of a year. Unless they want to believe that you've been lying all this time. In which case somebody has a serious problem that won't be fixed on a message board. Not likely that the trolls will. So this will go on...

Going back to what I said earlier, that it's worth it if you can do it and not worth it if you can't, the responses since appear to have more to do with ego than with whether or not daytrading is worth it. There are at least four categories: 1. I don't know whether I can do it or not because...

Sure beats reading 15,000 posts.

I only just finished it a few days ago and uploaded it then. Glad it was helpful.

For those who have been following this hinge, price did not exit by 1345, so the odds shift toward a trading range, which involves much the same BO/RET tactic but can be much lazier.

I suggest you read pp 4-11 of this pdf.

The next lower TC starts in November. If you're not clear on how to draw trend channels, see the beginning of the second thread.

See charts above. The falling occurred as expected when we fell below the TC. 20+pts to the downside and another 30+ back up then change on the back and forth. Just one example of what planning the trade in advance can do. To the right, we have a hinge going on. We'll have to see what...