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This is a fundamentally dishonest statement. Those who make it and do not have a robust trading plan will never become successful traders. The best risk and money management cannot save you if you consistently trade in the wrong direction.

Wow, what a zinger. And you managed to avoid "looser".

The trendlines on your weekly should be transferred as is to your daily, i.e., if the UL on the weekly clears all prices, it should do the same on the daily. Otherwise the weekly serves much less use.

If you want to be an individual, independent, retail trader, psychology, particularly given your interest in futures. A little sociology wouldn't hurt either.

They were between the 20s and the 40s. Did they not teach you that in school? Or were you home-schooled (since you don't know that there's no apostrophe in "1930's", I'll guess home-schooled).

No, "yesterday's range" refers to the range that was traded until lunchtime, 42-60.

Those were outside the range.

Yes, it was.

As the chief purpose of this journal was to address trading the SLA/AMT intraday, but so few of those who are interested are actually trading this intraday, there's really no reason for this journal to remain open. As there are nearly twenty journals that are focused on this approach, it makes...

As the chief purpose of this journal has become posting the weekly updates to the long-term trend channel, and anyone who's interested in this can surely draw the chart themselves, there's no longer any reason for this journal to remain open. As there are nearly twenty journals that are focused...

The 90s?

Today's chart review may be found here: http://www.elitetrader.com/et/index.php?threads/the-hindsight-thread.278558/page-2#post-4100630

TODAY'S CHART REVIEW:

That can't be right. A conservative costs much more than that.

We need a bigger clown car.

You get a conservative.

All of which is a prelude to saying that those of you who tried to short before it was time to short and got repeatedly stopped out should now possess a more intimate familiarity with "tells".

As John Magee so wisely pointed out, one can prudently risk manage himself into bankruptcy. Which is one reason why the theoretical Profit Despite A Low Win Rate business doesn't work in application.

That's good. I like that.