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At the risk of sounding 80s, don't confuse what you do with who you are. Trade, take the money, then go do something that actually matters.

In this respect, not really. Price behavior, yes. The whatever this is, no. But thanks.

"We" aren't backtesting anything. I'm just pointing out an interesting feature, the sort of thing that might make an worthwhile avenue of inquiry, which is what backtesting is all about. I hope you guys will find other such features to backtest.

You have seven lines, none of which trace the hinge.

For those who follow this, I should also point out, for a macro view, that new highs continue to decline and the NDX leaders aren't performing too well. This doesn't have anything to do with the SLA per se, but it does have a lot to do with AMT, factors which encourage one to take the short and...

Which is a big part of what pisses me off about yesterday. It isn't as if I just started doing this, and for that in utero hinge to not even ping my radar . . . Maybe next time. But that's why this is done: next time.

What I find as much interesting about the above chart as the hinge is the regularity of the movement, characteristic of AMT. Clearly the trading is intentful. Although this is of course hindsight, a trader who stuck with this from an AMT perspective would have noted by 1300 that he had a nice...

And during the session:

And zooming in further to a view we would have had at the open

Zooming in a little, we get this. The price break clearly is at 10, but the break of the hinge is a little lower:

I've examined this chart backwards and forwards and up and down and drawn trendlines and means in every location I could conceive of and could not come up with anything that made foresight sense in terms of trend. However, there is this hinge. Although someone may have pointed out this hinge in...

Five weeks ago, I posted the following to a journal: It should be remembered that there are five phases here: observation, backtesting, forwardtesting, simtrading, real trading. First, one must observe in order to find those "tells" which show the market's hand. In broad categories, these...

Ouch! :)

You can, of course. But then you get into micro channels and micro trends and micro ranges. Yes, technically, they can be traded. But the profit potential is limited and is largely eaten up by commissions. The profits, again, come from trading size, and no one who is trading his own money is...

Exactly the right phrase. It's called NIGYSOB.

I haven't posted an updated version of one of these for a while, but they may be becoming important.

I'm really looking forward to the answer to this one. :)

I wondered at the time if I ought to bring AMT into this, but it became clear after the first thread that without it the SLA became pretty much PickUp Stix. While the SLA and AMT are synergistic or complementary, depending on how you want to look at it, choices sometimes have to be made. The AMT...

Well, AMT won the day today. We opened just above the mean and got to 48 before turning south, but it was hardly a glide. So most of us had long ended our day before this hinge resolved itself to the downside. The chart on the right shows where we are as of now, which is of course the lower...

Those who are moving past old fears are doing just that. But it's up to the individual to know when to take that step. And there's always the option of stepping back into the SLA when necessary. Eventually the lines will be set aside permanently.