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How do you know that volume was low?

I used to be big on CS but switched to futures. If you've followed it for a while, you know that just buying whatever is highly-ranked is not a winning strategy unless one also considers timing, which is an important part of the book. Therefore, I suggest you look for a free trial and make...

You're mixing rational and irrational approaches. Trade management should be rational. I exit when price does this. However, fleeing the trade because you can't stand the level of fear you're experiencing and leaving it up to the market to decide whether you remain in the trade or not is not...

Price doesn't react to them; it creates them.

Since the course of each day is unknowable, I wouldn't worry about it. Just look to the left and trade to the right.

You can't draw accurate trend lines or trend channels if you leave out two-thirds of the data.

Odd that he would reference Graham and Dodd since they have to do with investing based on the value of the company whereas Steidlmayer's approach is based on the value of the stock, or what traders judge the value of the stock to be. I suspect there may have been more than a little Wyckoff in...

http://www.traderslaboratory.com/forums/wyckoff-forum/3876-basics.html#post36469

This question was asked in eminiman's journal but has been asked in other forms by other people, and given what I've been reading in reviews of yesterday's session, it seems that further explanation of the chart I posted (below) is needed. The "gorilla", of course, is the mean. And that was...

Rather than dwell on this, I suggest that you think about what you missed, what you could have done in order to see it ahead of time, and what you can do next time to avoid missing it again (in a mean-reverting market, this will occur again and again). This was all about the mean and traders'...

The only chart you posted to your journal was a macro chart, and although the macro is necessary, it hasn't changed in weeks. There's no point in doing it over and over. As far as today's action, that began setting up at midnight. It then resolved itself with the jobs report which in turn...

Unfortunately, all of this is hindsight. Why wasn't any of this in your prep?

If I were a lot younger and a lot more stupid, then maybe. But the more important question has to do with size, because if you never get to the point where you can trade enough size to do this for a living, then it's all been just a diversion because there's nothing on television. So, if you...

Today's Gorilla in the Room:

That's the AMT part of SLA-AMT Which is what Appendix E is all about. I see that at least a couple of people noted the lines in the sand this morning. Channels are almost a macro if one is going to trade behavior.

Good stuff.

Which is where the context and the probabilities come in. Since they can't get what they want at the mean of the pre-market range, it is logical that they would try the mean of the primary channel which is/was at 3490 since there will be more trades there than at the upper limit of the channel...

The question had to do with where we were at the time. And traders did work their way toward 3490. They never hit the LL, tho. That currently is around 3410.

This is also where context comes in. This takes place at about 10m in, which is the tail end of the maximum confusion period. Do traders approach this level hesitantly? cautiously? Or do they race toward it, perhaps because they couldn't find trades below that range? And when they find...

And given that the UL of the primary downtrend channel is around 3560 and the mean of the primary downtrend channel is around 3490, where might traders look first, given that they are looking for trades?