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Acc to the SLA/AMT, it was down just after reversing at 40.

:D Today's ES thread makes for interesting reading.

Unless you're trading two separate accounts, you can't short until you exit the long.

Or 4434.

Re AMT, from last Thursday: Buy the breakout, short the reversal. Simple.

IT'S AN OUTRAGE!!!

If price breaks out to the upside, buy it. Simple.

Not necessarily referring to Eddie since his question was directed to you specifically.

And then losing much of it.

Those who are watching the NQ will note that price thrust up to 16.25 fifteen minutes ago. I'm interested in whether or not it reaches 10.25 and reverses there. The open is an hour away.

As this chart is annotated without any method or anything rules-based, and while I don't want to speak for 40D, I should point out, since this has been brought up again, that there is no short because the counter-trend downward has been broken, assuming that you're talking about the lower high...

And if you criticize wingnuts, you are doing it because you hate stupid.

Adult discussion and debate is so enlightening. ;)

If you have specific questions about the pdf, I'll try to answer them.

That's part of it. But double tops, and double bottoms, occur all over the place, as do lower highs and higher lows. To trade them simply because they happen to occur doesn't make them good trades, particularly if one has to exit a perfectly good trade in order to take them. Though some...

The SLA/AMT does not and cannot make recommendations regarding this issue because the answer lies in your risk tolerance and how afraid you are to take the trade at all. Technically, a "break" is a tick. But if you have any experience trading breakouts, you know that a tick is rarely a...

Really.

Sorry, that is incorrect. But if hindsight is your thing:

And yet no one can tell me why this trade is taken here:

True. There are many ways of making money in the markets. Indicators are one course. Algorithms are another. Planetary alignment is yet another. But of overriding importance is a thoroughly-tested and consistently-profitable trading plan. These are in short supply in trading forums.