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Note: all "hindsight" charts, i.e., review, may be found here, beginning with post #12.

First, provide a structure: Developing a Trading Plan. Then fill out the structure with, as you said, the study of price action, beginning with this pdf (Section 7). Without this, whatever one does is essentially Guess&Hope.

While I don't endorse entering a trade at 0929, opportunities do occur before the NY open. In fact, two of the best trades I've had recently were entered pre-open, one at 0650 and this morning at 0730. Granted they were taken just because I happened to be up and saw them (I don't set my alarm to...

It's understandable. This thing had been basing for 10 months. He was completely justified in expecting a "breakout" of more than four points. And then sitting there for a month+.

This stock hasn't exactly been on fire, tho. And waiting is always a problem when buying in a base, unless it pays dividends. Hence the opportunity risk (how long do I want to fool with this when I could be putting my money to better use elsewhere?).

Welcome to Opportunity Risk. :)

The foresight chart may be found here.

Search me.:rolleyes:

Do you have any issues with trading before the NY open?

It's all a liberal plot. Racism is dead in America.

Farmer's hours. But I suspected that since we'd spent so much time ranging, there might just be a decent move upward today. I didn't expect it at 0730, but the retracement was there, so . . . Not that getting up early is always a plus. Anyone who bought the breakout, say in Europe, would have...

That's a pretty messy trend channel. As of today, the upper limit is 150. Of course, since the line is diagonal, the longer it takes to get there the higher it will be when price reaches it. So 60 or 70 is not out of the question.

Shoulda been up at 0700 :) If it makes you feel better, once I exited the long I saw no other trades and left for Home Depot, around 1100. The SLA pretty much kept me out.

We're about 40pts from the upper limit of the NQ trend channel. After we get there and turn around, the bear market threads can begin again. :)

He seems to put those to whose journals he posts on Ignore since he never responds to anything they say. Therefore, your focus will likely be substantially improved if you just put him on Ignore (since I closed my threads, I don't have to deal with this anymore :)).

Or however much time it takes to read 40pp.

And how do you define "edge"?

So combine it with The Disciplined Trader by the same author, particularly the last section.

Isn't this just SAR?