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I don’t know where it is going tomm but whenever it does go I will know what to do. Will you? There are directional possibilities and probabilities of those possibilities. I’m sorry you cannot understand averaging down the way I explain it. You seem stuck on it as a hideous technique. My...

What I do is price action (PA) trading. There is a lot to learn. First, you need to learn about the 3 contexts. The first context is the market cycle. You can find posts of mine below that discuss this context. Study them. Practice identifying them in the MNQ using the overnight or Globex...

Exactly what was it you didn't understand? Maybe I can clarify.

OK with this chart I am done for a few days. But I wanted to show the phases of the market cycle again in this last chart. It is shown on my MES chart (along with my MES BO phase trades but ES and MES are basically the same as they track together for the most part. They are so important. Guys...

I never made it to the garden. Just could not seem to get my lazy carcass in gear. Not feeling physically the best today. Anyway, decided to take a few trades this afternoon, but in the ES. Took three. All winners and all profitable. Trade #1 was just a straight short scalp fading the out edges...

Your welcome. I am getting older and sometime make mistakes explaining and when I read again my posts I catch my mistake and have to fix it, otherwise, I risk confusing people. There is so much stuff on trading in my head that sometimes I jump ahead or jumble things up a bit. When that happens I...

I want to now post a chart of todays price action. And show a technique I use when trading BO's when the market is in the larger BO phase of the cycle. This is not the same as trading BO points so don't get confused about it. However, it can be used in trading any successful BO, not just phase...

After reading again my post #1230 I see where I was not clear. Here is the portion of that post. " I took several of these in MES this morning and the entries and exits are in the chart above in my post #1229. I will post a more detailed chart later today of these MES trades. Since there were...

Here is the chart with the trades in MES trading BO's of previous highs and lows. This technique of trading BO points is more akin to what I post in post#1231. It is doing so as price moves higher in a channel or range and can be done anywhere in the channel or range. Note it is a different...

At the risk of confusing you I can also trade a higher high BO point by taking a short entry at the higher high BO point WHEN price is at the top of a range or channel, adding to it as it moves against me betting that it will trade back down to the BO point simply because it is at the top of the...

The technique I want set forth is trading BO out points. These can be previous highs or lows. They can take place anywhere but when the larger context support it then the odds are more favorable. I took several of these in MES this morning and the entries and exits are in the chart above in my...

I want to show the cycle I have been talking about with it's phases. Remember there are techniques for trading each phase of the cycle. Then I will show some trades I took this morning introducing a technique I don't think I have discussed before in this journal or if I did, it was a very...

Don’t get offended if I clarify abbreviations such as RTH’s (regular trading hours) or PB’s (pull backs). I am not talking down to anyone nor assuming most traders don’t know what these stand for. I am simply doing this for new traders or perhaps other traders that simply aren't familiar with...

The market cycle is, again: Starts with a BO that moves into a Channel and on into a Trading Range. This progression happens 75% of the time. The other 25% of the time it will be different. The BO and Channel portions of the cycle together comprise what can be called “the trend”. For...

WILLPOWER IS NOT THE KEY TO FORMING A NEW HABIT. How many of us have exerted our willpower Jan 1…year….to little or no avail? REPETITION IS THE KEY to forming habits. PRACTICE is the key to doing repetitions. SIM is the key to practice! I always say SIM it!

Thank you for your comments. I am glad you enjoy reading the journal. Interesting. I will have to read these articles you posted. My understanding is the brain uses 20% or so of the body’s energy. Any way that we can reduce the energy consumption and improve production (in this case of...

Hope my explanations do indeed help. It is hard to explain things well. I try. I do believe understanding the contexts of the market (larger, intermediate, immediate) is useful because these things occur over and over every day, on every time frame, in every instrument. They are not 100%...

Here is my last trade. A short and profitable. As the BO continued south I shorted the second leg at 4353.00 and covered at 4348.75. Then I had to stop trading to continue typing my long drawn out post above. Guess what I made 3 trades. One LOSER for those who doubt I lose and question whether...

I gotta go tend to the garden while still a little cool outside but I want to highlight a couple of trades I took this morning. Specifically context. And the technique of doubling up and reversing directions on an averaged down position. First the context: Shortly after 5:30 a.m. we began...

When I say context I am referring first of all to the market cycle within the TF (time frame) I am trading. That is usually a 5 minute chart. I will also look at this on say 15 minute chart or 30 minute for a quick orientation. So, what phase of the cycle is the market presently in. It goes...