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The bars and lines and charts themselves are only a means of illustration. What matters is the auction market and where traders are looking for trades.

It isn't about bars and candles and lines. It's a market. Traders couldn't find trades below 42.90 so the only other options are either sideways or up. Place your stoplimit entry above this level and let the market stop you in. If it doesn't, there's no trade. Don't know about ND. Haven't...

ND hasn't been around for a while, but the first pullback comes at 0951, at the 42.9 level. It even drops below the low of the preceding bar. If you're watching this in real time, you should have no trouble seeing it.

Moving averages are indicators. If one doesn't read. Otherwise, it takes days and days. You're welcome, though the link was posted for the OP.

Or, even simpler, without indicators . . . www.traderslaboratory.com/forums/wyckoff-forum/16270-if-you-can-draw-straight-line.html#post179217

:cool:

As I said, I was never banned from BMT. And even if I had been, so what? As to multiple nicks, isn't this your third?

Hmmm. A multi-nick TOS issue. I wonder whom else that might apply to?

Nonetheless, you didn't short the test of the UL of the TC, and there was no reason not to.

I won't pursue this, but given that you've spent a year getting to where you are, I strongly suggest that you reconsider abandoning the SLA/AMT in favor of something that you haven't even begun testing. Good luck anyway.

620 is the UL of the TC I posted yesterday.

You're drawing your charts in hindsight, right to left. Therefore, your ULs and LLs are incorrect.

I disagree. Assuming the prep was done thoroughly and properly, all one has to do is follow price. Trying to outguess it is a quick road to overtrading assuming one is able to make a trading decision at all. See the chart I posted to TL regarding yesterday's SLA trades.

I can't help but wonder how many of the indicator people were able to take advantage of the 40pt drop in the NQ today. I'm sure all of them did. :)

Hope it all works out for you.

For the time you're evaluating it, yes. Remember, however, that you're not required to use a 1m bar interval. If news is an issue with you, use a 15m or a 30m or an hourly. What matters is buying and selling the limits.

On the other hand, AMT forecast the top last night and we are now 40pts lower, and all one has to do is draw a straight line. Or, if drawing a channel, two.

I never pay any attention to news. On the other hand, if a tornado alert were issued, I most likely would stop using my computer long enough to find shelter. If I were sick, I wouldn't be trading at all. As to frequent loss of an internet connection, that's what catastrophe stops are for...

If you choose to incorporate news into your tactics, there's nothing to stop you from doing so. However, incorporating news is not a part of the SLA. Your results therefore will vary.

Not bad. This is the direction that the journal should take at this point.