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I don't know, Schaefer. It doesn't say EXACTLY where to enter, so it's really pretty worthless.

True, the chief difference being that he's made less than 20pts so far and the SLA/AMT has made over 160. So his argument about the superiority of his grail method leaves something to be desired.

If you see "pride" it's in the correct application of AMT, though I'd call it satisfaction. And yes all traders are different and the way they trade is different. But this thread is about the OP's "grail" and the SLA/AMT.

Not a prediction; just an application of Auction Market Theory. And an understanding of trader psychology. Which is much the same thing.

More specifically, the market made 40+pts available. So far. If one wasn't available to take them, that's not the market's problem. I notice a dearth -- save one -- of trading posts today. Wonder why?

95.5 so far. 40+pts. Not bad.

This may be one of the more interesting opens in quite some time. Or not. :)

Police, Officials Resign After Small Missouri Town Elects First Black Female Mayor

Nice. Do you know the people who live there? :)

And price reaches 76.75. Note how price tests and bounces off the median of the range formed after the market re-opened. After breaking up through 50. As discussed earlier.

No, not sure. But I remember one of his students saying something to that effect in a post somewhere. It's not as if Jack and I were close. But nothing more than a death notice? As much as we disagreed, he deserved more than that.

Actually Jack was 84.

Well of course I was right; I'm the legendary Db :) As I said, I haven't characterized this. I haven't traded stocks for 15 years (though I'm going to be buying some oil stocks). But as generic advice, like if you were illustrating a setup for a book, first see when price exits the hinge...

:) At least it's free.

If it gets to the lower limit of the daily trend channel, I'll be happy. It's not all that far away. And I wouldn't mind a return to those long daily swings for a few days. :)

Actually, it is. If you're genuinely interested, open up a journal and those who understand the material might help you. Otherwise, this will be my last reply to you.

They have sleepless nights over many things. Probably helps to explain the perpetual rant-mode.

All failures are treated in the same way. It's in the material.

So, re chop, you answered your own question. As regards "missing" a breakout, the strategy is the same as it would be if one were to let the BO go on purpose, which is explained in the material.