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Well, you can focus on (1) the theory and philosophy of trends or you can focus on (2) your money. I vote for (2). All movements begin with a transaction, a tick. These transactions "snowball" into larger moves, but that need not concern you. Regardless of what interval you use -- tick, 1m...

Key word being "empirical". Redneck is correct. The markets are not fractal because they're not self-similar. If one has instead a very loose definition of "fractal", then it becomes useless. Yes, you have uptrends on a daily chart and an hourly chart and a 15m chart and a 5m chart and a 1m...

Gadzooks!!

Depends on your timeframe and the character of the channel. Are you talking about a multi-year trend or a half-hour trend? Generally if a trendline has been broken and price fails to make a higher high, then the trend has changed. If price drops below the last swing low, then the trend has...

Glad you're picking up on TDTDB. It was a good sign that we weren't going lower. As for your trend channel, keep in mind that few people know how to draw a trendline, much less a channel, largely because they don't know what either are for. First, they must be drawn from the left. Once...

That's fine, but if you're too rigid, then your mean is meaningless (no pun intended). The purpose of these trendlines and channels is after all to track the stride of price. If your lines are nowhere near what the stride becomes, they have to be changed. See the following post and posts...

Ah. That's because your upper limit is too high. If you refer to my chart, the trend begins with the first two points and is extended. Therefore it cuts through the line that you're using as a support.

Give at least a couple more days. You may develop a better feel for when to give price room and when to keep a tight rein.

It isn't as important to buy as cheap as possible as it is to buy at the right time. Jesse Livermore

The best traders can put on a trade without the slightest bit of hesitation or conflict, and just as freely and without hesitation or conflict, admit it isn't working. They can get out of the trade -- even with a loss -- and doing so doesn't resonate the slightest bit of emotional discomfort. In...

When you understand how any number of typical market-related fears operate in your life and learn to release yourself from them, you will, in effect, be separating yourself from the "crowd." When you separate yourself from the "crowd" and expand what you know about the forces affecting your...

Certainly one could argue that some traders lose because they don't understand enough about the markets and therefore they usually pick the wrong trades. As reasonable as this may sound, it has been my experience that traders with losing attitudes pick the wrong trades regardless of how much...

In a certain sense, reading charts is like reading music, in which you endeavor to interpret correctly the composer's ideas and the expression of his art. Just so a chart of the averages, or of a single stock, reflects the ideas, hopes, ambitions and purposes of the mass mind operating in the...

Figuratively speaking, the small trader should imagine himself as a hitch-hiker in the market. For the ordinary hitch-hiker, someone else supplies the car, chauffeur, oil and gas. When he thinks the car is about to go in his direction, he jumps aboard and rides as far as he thinks the car will...

I didn't know everybody was using that, or, if so, why. Maybe those who did will see this. Or you could ask them directly.

POKER RULE#35: Develop a true indifference to the game. POKER RULE #36: Don't take the game personally. The poker gods are not out to destroy you personally (although it may somtimes seem that way). The game itself is as neutral and mechanical as a roulette wheel, a church raffle, or a...

The SLA is a trading plan. Its purpose is to "persuade" you via DLs and SLs to focus on price behavior as it reflects changes in the supply/demand balance. The more lines you have and the more rules you add, the less you are looking at price and the more at your lines and rules. I suggest you...

I don't see an oval.

Adding more rules in order to insulate yourself from fear will not only not work but it will be counter-productive: you'll actually wind up being more fearful than when you started. If you want to diminish and eliminate your fear, work toward knowledge and understanding, both of price and of...

Since ET doesn't have stickies, I'm providing this here so that the information may be easily found. Just remember April 1st (Fool's Day :)). First, one should read the first post to this thread. In that post, links to the first three threads are provided. There is also a link to the stickie...