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Basically I feel you have to consider both equally. Sometimes a range, level, or pivot based on the full session is important, other times not so much. Look at the high today so far ... R10 off pre-mkt low and nice secondary channel high off pivots from Friday's low and today's pre-mkt high...

We've never left the range of that 1st 15min bar post-NFP report, now 28+ trading hours afterward. Being this close to that bar's high, and with higher lows, it should break to at least 24. But what'll it do first is the question I have.

JH touched on entries, which are just as key as the stop & target, so without the entry rules we really don't have a complete system to properly evaluate (despite the apparent issues with R:R). Also, (may have been mentioned already) - obviously there really is no such thing as "no stops"...

Assuming for a minute that you are serious: 1) how long have you been using this system? 2) what's been your worst drawdown? 3) what's been your longest time in a trade? 4) are you and emg the same person? :cool:

The crazy thing is even that other day you mentioned (I believe it was 11/21) had a good 12pts range when you include overnight/Globex. Yesterday's Globex was <10 (9.75), which is highly unusual, especially for the last day of the month. In light of that I would guess that Monday or Tues...

I for one do consider the 9am open defined and I actually much prefer trading the CL open over the ES. Don't know the answer to your question #2, sorry.

Nat gas inventories at noon today in case anybody's interested. http://www.forexfactory.com/calendar.php

Yeah but you have to be picky about which ones to focus on. :D

Hourly chart ...

I agree, in the context of having a proven profitable strategy. And I think it's funny that when Douglas describes all the things traders do to manifest a lack of this mindset, what he's really describing are traders who have no edge. So I feel like his target audience is really very very...

How would you define what constitutes a "Trader's Mindset" if you had to whittle it down to a sentence or two?

You're right. And while we're at it ...

And sadly, that's on my good days. :D

:D This is the one I'd be looking at, and with its current trajectory we'll need new 4-yr highs to tag it again, no?

And 65.00 makes it a nice round R25. Nice entry imho. Will probably pull back to the broken down-TL on the hourly, minimum.

In the preface of "...The Zone" he recounts his short career in trading: he started in '78, nearly lost everything he owned in '81, and by '83 had moved on to the business of consulting/coaching. He speaks only of his failures, and no personal trading successes are mentioned. So ... admission...

That is strange. fwiw, I'm on 932.5a and have not had that problem so far. And I run about 20 charts, ranging from 1min to daily. Build 932.5a, Nov 6, 2012 6:12:03 PM Jolt Build 1.2.1, Jun 7, 2012 05:22:01 PM Nia Build 1.11.1, Jun 7, 2012 05:23:19 PM ModelNav Build 1.1.44, Jun 5, 2012...

That is a common problem after new updates. Have you tried the previous version? I had your problem a few weeks ago and have been using the previous version ever since, basically without any problems.

Step Down Day. Opposite of All Day Up. ... I know, why isn't it just called ADD? :eek:

Even better chart. Thanks.