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No. I used to. But then everybody who didn't want to do the work just copied me, and when things didn't work out to their liking, they blamed either me or the method. But, yes, a "violation" of R is a breakout. That's how a breakout is defined. Where you enter depends on your risk tolerance: a...

We've been stuck at 78, again, which reinforces the R of it from this morning. As for the 1300 bar, I wouldn't be doing anything. If you have questions about trade management, I suggest you open a journal. TM is very specific to the individual.

Actually it would be better discussed in your journal, since the trade management aspect is an individual matter depending on, in par,t what you want out of the trade (and in part on how much time you have to devote to baby-sitting a trade).

There may be a few points difference because of the rollover (I don't pay attention to that stuff anymore).

90 attracted the attention of everybody, including the dailies. Therefore, there were a lot more groups participating.

I don't have that figure for those dates, but it's the failure to hold that's more important than the level at which price failed to hold, at least according to the SLA.

While I can understand everyone's POV, I don't like putting people on Ignore. But there are certain threads that I would just as soon not see (over and over and over again), particularly the vanity threads. They're sort of like kicking away the dog that keeps trying to hump your leg. TL provides...

I'm seeing 80, but whatever. You get the Golden Nail award today. Still working 9 to 5?

Applying the SLA, a short would have been entered at or about 83. It's an interesting read.

Would you care to elaborate for the folks at home?

Consider that to be a pointy finger.

Incidentally, as long as you're looking at it, that plunge thru 70 is the market's way of telling you that it was important. It may not be important now or at any time in the future, but clearly there was something important going on there. One doesn't necessarily need to know the details of the...

You appear to be interested in this, so I'll point out that if you had planned to enter a REV off 70, the mkt would not have given you the opportunity. If you had entered long at the market at that level, you'd be in caca. Those who have no idea what this is all about are forever asking how do...

Sorry. A clear-cut R level today, but not S. I was waiting as long as I could to see if it would settle. The key here is R. If you already sold it, hold it. If not, wait for whatever opportunity you see for yourself, a reversal off 78, a BO thru 78, ditto with 70. 0902: And there's the break...

North Carolina GOP Wants to Protect Women by Banning the Training That Makes Abortions Safe

Blessed are the cheese makers!

Lajax seems to have achieved a Zen state in which the flies do not bother him or drive him off-task. If he notices them at all, he most likely sees them for what they are. One hopes that he will be able to maintain this state.

If price rises above the line (breaks out), buy. If price drops below the line, sell or short. Your precise entry will depend on how afraid you are to (a) enter and (b) manage the trade. This in turn will depend in part on how well you have addressed price risk, information risk, and...