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break [breyk] verb (used with object), broke or (Archaic) brake; broken or(Archaic) broke; breaking. to make a way through; penetrate.

He blew up twice.

This is as simple as it gets. Trending/ranging. Breakouts, reversals, retracements. No indicators. Simple.

Nothing obfuscatory about it. If price breaks out above a range, go long. If it breaks out below, short. Simple. As for the SLA/AMT, it's only 42 pages, half of which are charts. The rest are appendices.

Because it doesn't and they aren't. If you're not interested, just let it go. It's a waste of my time to keep trying to explain something to somebody who has no idea what I'm talking about.

Eddie: This was posted several hours ago and no response. But it serves to illustrate what I said in my post above. If you'd care to play with it, feel free. The question, of course, is why the SLA short is posted where it is.

Given the gullibility of the average wingnut, I'd say "yes".

By the way, this whole "tell me what to do" thing has dredged up an old memory, and I wonder if anybody remembers when ballroom dancing was so popular and the old Arthur Murray dance studios had footprints painted on the floor to show students where they were supposed to put their feet. Or...

I agree. This has been my experience as well. And I've said repeatedly that one must be very specific and very thorough in his criteria for managing his trades. But to do all of this for somebody gets into Al Brooks territory. At some point, preferably an early one, the trader has to do it for...

Which may help to explain the explosive popularity of FX during this time, which has carried its own consequences. TL, for example, became FX and vendor-centric after it was sold, and it's now lucky to get more than two or three posts a day. Traffic runs about three to four people an hour.

Note: I didn't see 40D's response while I was writing this, so there will be some repetition. Without a specific chart, I can provide only a general answer. If you're referring to longs and shorts being taken by a variety of people, someone who's been doing this for twenty years will likely...

Isn't there anybody down here who isn't a victim?:rolleyes:

It is common for traders to want to see price plummet the moment they've entered their short, or to skyrocket into a parabolic move the moment they've bought. And they sure don't want to see any pauses along the way. This is why the trader must define clearly, in advance, just what it is he...

:D

:D This thread title is likely to be the funniest thing I read today.

I have "pointed to an explanation" dozens of times, but you refuse to read it. However, I will point to the explanation again: THE SLA/AMT. If and when you ever read it, you'll learn that there are no "predefined levels" or stops. The trader goes as far as the market is willing to take him (see...

That has nothing to do with the SLA. But if you have no idea and have no interest in acquainting yourself with the material, I'll start you off:

Good idea.

Read it more closely. "Available pts: 400+". It does NOT say "Profit: 400+ pts". What is available is not necessarily taken, and losses are included (if losses were not included, the total would be more than 400+). But even if one took only the first two SLA trades, they'd amount to far more...