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The LOLR was a phrase coined by Wyckoff having to do with the direction providing the least resistance to price movement, i.e., who's in charge, is buying pressure heavier than selling pressure or vice-versa, are the upwaves of greater extent and duration than the selling waves or vice-versa...

The market was ripe all day long today, so I've covered the entire session in two separate charts, morning and afternoon. Again, the entries aren't noted since everybody who's interested by now knows where they are. The message at this point is to focus on price, not on lines, and give price...

Given your reference to bunnies, you probably know that I've pointed out that TA is primarily the study of price behavior and that the pattern and indicator stuff came much later. Therefore, is TA useless? No. Is throwing all forms of it out the window productive? Some forms, yes. Others, no...

Theoretically. But the reality is usually very different when one is making real trades with real money.

Now here I am showering you with praise for your efforts at independent verification and you ask me a question like this. :) Members could argue for several dozen/hundred posts about whether your question deserves a yes or a no, and probably will, but a more interesting question might be why...

Along with the H&S pattern in which you were interested, you are learning some important truths at an early stage in your development. You are also relying on your own investigations rather than follow somebody or other without verifying their claims. All good. Stay the course.

The mean is more or less the middle of the range, though it needn't be arithmetically exact. Outliers, for example, are generally ignored. What matters more is how price reacts to whatever the mean seems to be. But the price is the horse and the mean is the cart. If price is hovering near the...

The SLA/AMT for posterity. Those who are ready to move on from the scratching phase may want to look at loosening up a bit. But if you're not ready, then stay right where you are until the time is right.

And now that we've reached the mean of the channel, we either go back to the upper limit or we work our way down to the lower limit:

And if one doesn't know where to start: The Trading Journal How To Do It

:)

You're denied the pleasures of office politics.

True. I've posted ES charts but the ES people seem not to care. The mean of their TC, tho, is around 25.

And now 50. 10pts away from my projection.

See the posts I made to "green" in the Ghost thread yesterday.

Don't learn the wrong lesson. There's nothing wrong with expectations. But the market couldn't care less what you expect. Your job is to look at what's most likely THEN come up with criteria that will tell you whether or not your expectations are becoming fulfilled. It needn't be all...

And we're now at 78. This is so hard.

If you can do it profitably, why not? This thread could have consisted of two posts: the first one and a second one saying "Yes, if you know what you're doing and no if you don't". That's really what it boils down to.

This "hinge" is not the prettiest example I've ever seen, but I think I understand where you're going with it. The danger in a label is that one can begin to expect a certain dynamic, and if this is not a hinge, then the opportunities for surprise begin to multiply. One can also look at this as...

0740: Failure at 3720.