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You may want to talk to Game about SierraCharts. The above is unacceptable.

It's the difference between what you see and what you want to see. Once one begins to see price movement instead of bunnies, the scratching becomes nothing more than an automatic reaction. Which is why it's called "scratching".

Weakness since Friday. If I'm looking at this correctly, which is a big if, we'll drop toward 97+/- and either bounce or continue the drop all the way to 94+/-.

A. Don't believe everything you hear. B. Theory can work for you or against you. A 40% winrate means that 4 out of 10 trades will be winners and 6 will be losers. What if you get all six at the beginning, in a row? Out of 20 trades, 12 will be losers. What if you get all twelve in a row? Even...

This seems not to have kicked in.

At $8k a pop, why would he have to?

This is far more important than most people realize. The process one goes through to explain his plan to somebody else forces him to analyze and clarify aspects that he would otherwise leave fuzzy and indeterminate. One hears the excuse, of course, that the trading plan is "secret" and can't...

Actually it's a rather long story, stretching back through VSA to Tom Williams and his "Undeclared Secrets" to the SMI course he took which came from Robert Evans with additional influences from Richard Ney. But this is of interest only to market history geeks. Thinking of the money as "big"...

The fact that 3740 was tested and rejected meant much more than a test off the open. Even so, what did I have to lose? A couple of points? We'd been up there for two days. It was time.

There is no particular "danger" per se; it's just that there is no such thing. Wyckoff's "composite operator" is simply an amalgam of every market participant, from the kid posting out of his parent's basement to a Goldman Sachs star player. If there were such a thing as "smart" money, then it...

There was some discussion of that, and if one were being mechanical, and many people have to be at the beginning, depending on how FU they are, then, yes, there'd be a short there. But I was explaining that I like to see a little panic behind those trades, particularly when breaking out. This...

Were you watching a T&S window with just price and time, no bid or ask?

There's no need to test SLA since the testing has already been done. If you're going to start from scratch with your own trading plan, then you have to begin at the beginning. And filtering SLA and using only elements of it and combining it with other things is no different from starting from...

If 102.50 is in fact the mean, then no trades for the time being.

It's up to you. If you're watching price move, it's not all that difficult to approximate the volume. And the money is made according to whether price moves up or down, not by how many people are involved. This is most likely why intraday volume wasn't even considered back in the day but was...

Chat review:

Again, what is all of this about?

What is all of this about?

It's not the money. If it were the money, people would quit much faster. Instead they go on for years. More likely it's the "fear" of being wrong, of having to face the fact that one doesn't know what one is doing. Why one doesn't get past that and learn what to do remains a mystery...

Looking toward 96 or 116 today. I have no idea which.