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It had broken out when I posted the chart.

It's not a question of calling anything but of noting the conditions for a trade. If you don't know how to trade a breakout, then it's up to you to learn how. As for making "real calls like the guys in the ES thread", if I were making and acting upon those calls, I'd be broke (aside from the...

Posted at 0733 Friday: And what happened thereafter:

Actually, you have, or at least more so than you may have thought. And there have been more than a few people who've tried to "follow it" without having done anything more than read your posts. Without having done any of the work, they buy any retracement they see using the 5/1 and of course...

This may be kindergarten to you, but one never knows and shouldn't assume. http://www.elitetrader.com/et/index.php?threads/house-of-if-you-can-draw-a-straight-line.287955/page-63#post-4097745

If you're going to place virtual trades, you may as well trade. The purpose of observation is to observe without thought of entry or exit, i.e., focusing on price behavior rather than the state of one's trade. Lajax was particularly good about this during this phase. Think of going to a game...

"Do you recommend taking some time away from the market for an observation phase?" Very much so. One can't profitably trade what he doesn't understand. One cannot understand something without observing it. "I have a bit of a theory that if I continue to trade, eventually I will learn how to be...

Repost: This sounds like a very interesting premise. I made the SLA/AMT as mechanical as I could without relieving the trader of all responsibility so that struggling traders could "reset" themselves. However, leaving it all up to the market rather than exerting and maintaining control over...

It also helps to post a trading plan so that those who are interested can test it out for themselves. Something MS has never done. Because he doesn't have one. Believe nothing other than what the market tells you. Trust nothing other than what the market tells you. "Judge the market by its...

We've been on a downward spiral since the domestication of the horse.

Somebody posted the other day that the best traders are waiters. :)

We climbed 500pts last summer. It just took a while to do it. Which suggests a larger bar interval, maybe 60m.

It's all their own fault.

If one can't develop and trade a consistently-profitable trading plan in sim, it's a safe bet he won't be able to do it in real time with real money. If he does develop and trade a consistently-profitable trading plan in sim but his real-time, real-money trading results are not what was...

Once it broke out, I didn't have any expectations at all. I just let it go until it was done. We'll see how things look Sunday night. But since we're only 50pts away from the upper limit of the weekly trend channel, I anticipate some effort to reach it before it starts ranging again. Last time...

OTOH, if one can't tell in real time whether or not price is rising above the level of a range, he should probably investigate opportunities in the food-service industry. If he can't tell whether or not price is moving sideways (ranging), waste management is a possible alternative.

For those who are interested, I've started posting these daily here: http://www.elitetrader.com/et/index.php?threads/the-foresight-thread.290361/ I won't be arguing about them though :)

I posted this in another thread, but it occurred to me that a zoom out of the last couple of days might be useful in seeing exactly what's going on, or at least what went on (a detailed view of the "range-trading" part can be found in post #19):

Donna doesn't spend much time here (she has a life). In the meantime, here's one example of determining context and trading reversals in a range and a breakout from a range: