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First post, I see. Well, unfortunately, you're late. But if one understands the plan and the rules, the channel is what it is and the mean is what it is regardless. Thanks for participating. And for our radio listeners, the downside goal for the ES was 37/38. And where are we now? Really? I'll...

Before I leave this, given the discussion about where to enter and why, I want to point out that you're missing the pre-opening range entirely. That ranges from 05 to 15. And the mean of that range is guess what? And the mean of the hinge that develops after the open is guess what? And the...

No, one can't be up 24/5. But one doesn't have to trade the tape or a 1m chart, either. At some point daytrading becomes "swing" trading, but it's not an either/or.

I was wondering if it was you. Glad to see you're still around. Of course, your book is free, so it can't possibly be worth anything . . . :) I hope you stick around. You're one of the few people I know who actually trades. Edit: actually, "know" is presumptuous. Let's go with "am aware of".

Depends on how one defines "daytrading". If I'm up and I see a setup at 0600, I'll take it. Of course, this only applies to something that trades 24/5.

That's because if price does in fact break through decisively, you have the fear of others -- of missing out -- working for you. If it just meanders, it's more of a meh. Another example of focusing on the behavior rather than the pattern.

Too bad nobody took a shot at the ES.

Yes, but you're looking at a hinge within a range. The hinge is a different dynamic than a "box" range. In short, there are primarily four trades off a hinge: long off the breakout, long off the retracement after the breakout (if any), short off the breakdown, short off the retracement after...

Not "wrong". Depends on whether you want to enter inside a range or not. That's trader's choice.

We can draw a straight line.

For those who are unsure about the probabilities of one direction over another, I suggest reviewing the stock charts I posted yesterday. This is part of prep as well.

How did you arrive at this?

WAY too many lines. :)

Gold Star

What are the anticipated lows acc to AMT? What should you be looking at?

So. It's 90m until the opening bell. Does anyone have any idea where the immediate downside goal for the NQ is? The ES? Do you know where to look?

Does he ever define "edge"? What he describes is the edge that one has trading behavior, continuously adaptable, never failing.

It came up in a google search for something else. Does it matter? I can't see that anything's changed. And it does provide at least a starting point for characterizing a market, which gets little attention in these parts.

Yeah. A quibble here and there, but, pretty much. What I find astonishing about a site that allegedly caters to "elite" traders is that there is no little about characterizing markets. On the other hand, that works in my favor, so why rock the boat? In 1936, British economist John Maynard...

Having to work for a living messes with your head.