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I don't know that I'd call it a "method". It's simply an awareness that the trend channel one has drawn isn't tracking trend. The fundamental question with regard to trends and trend channels has to do with those points and levels beyond which traders can't find trades. Given a mean-reverting...

Given the hour, I'm going to cut to the chase. The SLA is an approach, a method. It is not therapy. If the trader is crippled by fear, it will not make that fear vanish. But then no strategy will make that fear vanish as there is no strategy that guarantees against loss. If one has not yet...

I assume he's referring to Redneck, though these journals are hardly troll-free. If it continues to be a problem, the discussion can always continue at TL. Even if I had the desire to do so, I just don't have the time to argue with people who can't even be bothered to read the material, e.g...

What are you afraid of?

You're setting up a row of dominoes; when one falls, they all fall. If your SL is too tight, it will be broken. Then when price recoils, you get "stopped out". Then you draw a demand line that would not be drawn if the supply line hadn't been too tight to begin with. Since this demand line is...

Don't do the entire chart. Do just the first entry. On the basis of your results from that backtest, you'll have some idea of what to do with the next entry, but only the next entry. Nothing will be accomplished by doing the entire chart all at once.

Take the chart I posted. Mark where you would enter your first short. How far would price go against you before the continuation?

They're not wrong, but you're trading scared. I suggest you look at the chart I posted at TL.

And the last. The mean of the downtrend channel is around 3500. Those who believe that the overnight is "noise" may want to re-examine that belief.

Next morning.

Good night.

Post 730: Currently:

I suggest you trade it as written for two weeks, then review your results. Charting your course according to what other people are doing, particularly if they are not all doing the same thing, will most likely leave you high and dry.

Actually, it doesn't mean adding anything at all. All it means is that you have to decide ahead of time just how far against your position you'll allow price to go, then exiting if and when does that. This is all part of prep.

The SLA entry is three bars before yours. Therefore, scratching was never an issue. As far as I can tell in chat, all of you except for Niko are still afraid to trade. But then no one other than Niko -- again, as far as I can tell -- is trading the SLA. So there's not much more I have to...

You've made your points. There's no need to make them again and again.

What he said. I will add, though, with regard to trading emotionlessly, that the whole notion of suppressing emotions will not work over the long haul. Yes, it is possible to trade successfully while suppressing emotions, but this means a persistent and perpetual struggle with the self, and the...

I'm not real clear about the sudden debate over the value of the SLA when it's been discussed at length since last July. Those who want to learn it are welcome to post here. Those who want to argue about it please post elsewhere.

I trade it as I would any hinge. The lines are there to point out the hinge to others. But the hinge is there whether there are any lines drawn to delineate it or not. If price drops out of the hinge, then the lower limit comes into play and I trade that as I would any limit: retrace after a...

FWIW, this is what I'm looking at for this evening, aside from the weekly chart posted Friday. This is all I'm looking at. There's no need for me to add anything else. This is simple. I know exactly what to do with this. There is nothing here to ignite any sort of fear response. It's just a...