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You put it better than anyone else. Listen to you. (At least you can spell "loose"; that's quite an achievement these days :))

Why didn't you take these trades?

Remove your ego from the situation. If you can't observe price objectively while trading and instead hinge everything on where and when you entered, then you'll have to stop trading and go back to observing. If you can observe price without giving a damn what it does, you may learn something...

Damn, that's pretty good, ND. :)

As for the POP, I haven't looked at that stuff in years, and it wasn't a book. In fact the only thing I remember was the bit about getting out if the market isn't doing what you expect it to do, which is much the same as what Teresa Lo used to say: "If it doesn't move, you don't want to be...

Whether or not it's understandable depends on when one reads it. If it's read at the beginning of the journey, it can be pretty thick. A few months later and it makes a lot more sense. Plus there's the fact that one can eliminate at least half of it unless he wants to draw his own charts...

Wyckoff. And retracing his footsteps through tape reading to daily charts. His course is a gold mine, yet getting people to read it, much less study it, is like pulling teeth. But then few people have any interest in making a living at this; they see it as a form of entertainment, like video...

The overriding principle is mean reversion. And we've risen 100pts. So one would expect at least a reversion to the mean, if not a return to the lower limit of the channel. So, yes, one would take the short with more confidence. If, on the other hand, we make an attempt at reaching the high...

Judge the market by its own action. 70 may not have been the exact level, but look at what price does between 0745 and 0845 and where it does it. Price knows.

Thank you. However, I should point out before anybody picks this up and tries to run with it that the focus, again, should be on price and buyers and sellers and their individual agendas, not on lines. I could get into a whole thing about means and medians and modes and make it all sound like...

Well now yes and no. If you literally mean my plan -- the SLA -- rather than "one's" plan, then you have to decide if the fit is right, and you ought to be able to determine that in a couple of weeks. And in the case of the SLA, the testing has been done. There's no need to go through it again...

This came up today and requires clarification. It is a "problem" commonly faced by those who are focused on the lines rather than the price movement. First, there is no trading range here except in hindsight. Once the demand line is broken, the attention shifts automatically to a short op...

As we all know, it is very difficult to change the long established habits that were inculcated in us when we were quite young. People will fight to defend old maps and old symbols, regardless of whether those maps actually represent any territory here and now, and regardless of whether they...

I'm afraid none of this makes much sense. This is not a personal criticism but rather a characteristic of improperly-constructed testing procedures. To begin with, you haven't defined anything except in the most general terms, terms so general that they permit you to do anything that seems...

"Historical" prices change over a course of months, not days, and any minor discrepancies are largely irrelevant. The limits of a trend channel are not determined by a calculator or a drawing program. They are determined by those levels at which sellers fail to find buyers and buyers fail to...

Given the discrepancies among charts, I'm posting CME charts (if they don't know, we're all in trouble). Note that the mean of the June TC (up) and the hourly TC (down) converge at 55+. Breaking through this suggests a move to the upper limit of the hourly TC at 90, which we've done. If we hold...

This appears to be an issue for this rollover. When in doubt, check the CME charts.

Chat rooms aren't the answer that so many people think they are. The best teacher is the chart. If you've got a half-dozen voices going on at the same time, it's next to impossible to focus on what you ought to be focused on. Start the journal. Post your prep work. Simtrade it during your...

You're the stop guy. Did you read the posts referred to in the first post to this thread? If not, you should read them. There aren't that many. If you're interested in pursuing it, start and maintain a journal ("maintain" meaning every day). There are only a few that are maintained: game's...

If real-time results confirmed the computer backtest. You're trading one contract in your journal?