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Yes. The hourly bar was a conscious decision. I wanted something that would be available to someone who isn't daytrading, which is nearly everybody, including those who claim to be daytrading. But I also point out frequently that the principles are the same, even if one is trading off a tick chart.

It has nothing to do with hindsight analysis. It has to do with following the rules. You're welcome to annotate the chart to demonstrate your understanding of those rules. So is your mentor. But he issues challenges then runs away, so it's not likely that there will be any analysis forthcoming...

The OP hasn't posted to this thread since he began it, and no such link was provided.

Trading via the SLA/AMT is largely an intellectual exercise when looking at daily bars. For one thing, the term "trading" is stretched to the limit. For another, the risk tolerance required is way outside that of the typical retail trader. And of course there is the problem of the lack of...

It appears that "one of the greatest differences" lies in the extraordinary amount of money that the "Buy1Sell2 Method" leaves on the table. I'll stick with price action.

It might help if he were to take us off Ignore and actually respond to some of this. Or maybe he's just embarrassed about having thrown away over 400 ES points in order to stick to whatever his method is and make only 9 instead (speaking of the alleged superiority of his method over the SLA/AMT).

If the most common euphemism when people die of cancer is that they lost their battle with the disease, that couldn't be further from the truth in the case of Lauren Hill. Hill won her fight with cancer even if it ultimately took her life on Friday morning at age 19.

Donna (NoDoji) would most likely say it's never enough, given the number of times she's provided those links. It's so much easier to ignore the bullshit and just let the losers continue to lose until they go broke or quit. And much better for a productive state of mind.

I was wondering if you were going to run across the Capital Loss Carryover provision. The worksheet is provided in the Schedule D instructions. And if you qualify for it and haven't been doing it since you incurred the loss, you can submit a "corrected" (or whatever they call it; I'm having a...

While it is true that experienced traders take advantage of inexperienced traders, I don't see the market as competitive. Most do. Many see it as an actual battle. But I don't. And my perceptions will be very different from those who see it as such. (That my perceptions are different can be...

:D Very funny. Thank you. I agree about being concerned about risk rather than reward. If one addresses the risk, the reward will take care of itself. Over the years, however, the manner in which I address risk has changed: whereas I used to be concerned primarily with price risk, I'm now...

Not necessarily. What if, for example, somebody bought whatever long before you did and profited handsomely? You then pick up the ball and run with it until you decide for whatever reason to take your profits. You both win. As might the person buying it from you in the event of a continuation...

There is also the matter of timeframe and goals, though it all has to do with perception. Those who buy on the way down, for example, are not all stupid, ignorant amateurs. They may be professionals who've been in this for dog years and have entirely different perceptions of value. It is their...

That we, again, trade our perceptions of the market, not the market itself. Your loss on the long is not a matter of perception (though if you trade in order to lose then it wasn't a loss after all). But your reasons for taking the long in the first place had to do with perception and...

And now so do ten others :)

True. But your perception is what prompted you to see a trading opportunity for the long in the first place. The individual who sold it to you had a different perception.

So the purpose of the thread is to discuss your thesis without regard for how true it is? How rigorous of you.

You of course remember this:

We often forget that we trade not the market but our perceptions of it. If, for example, everyone saw a particular trading opportunity as an opportunity to short, there wouldn't be any trades. More often than not, the trader on the winning side is the one who (a) has a trading plan and (b) has...

You may want to review the posts I and others made to gears' journal at the end of March (you were there as well) and to lajax' journal at the beginning of April. All sorts of questions one needs to ask himself in preparation for the coming session.