The lines will help you keep it mechanical and unemotional. However, there are other aspects to the drill. If for example price has trouble making a new swing high and holding it, as at 1012, then trouble may lie ahead. Better to wait for all that to sort itself out and provide you with a better opportunity than to try to wrestle price into doing what you think it ought to be doing.
Bride of If You Can Draw A Straight Line
- Thread starter dbphoenix
- Start date
- Status
The lines will help you keep it mechanical and unemotional. However, there are other aspects to the drill. If for example price has trouble making a new swing high and holding it, as at 1012, then trouble may lie ahead. Better to wait for all that to sort itself out and provide you with a better opportunity than to try to wrestle price into doing what you think it ought to be doing.
Db, so far the "drill" has helped me a lot in spotting entries. NOW I think I have that nailed. I still cant take the REVs at S/R that someday I know I will, but so far the lines have helped me understand the market and what is happening with price at the right edge.
As always, there will be "new" things to consider, as today, and those will be included in the knowledge database to avoid being sucked into trendless chop.
Now, the new goal, having managed to define good entries is to be able to scratch. And after that be able to hold my winners. Then I will be ready with something operable.
Ok, here is my replay for today. I manage to stay away from the market in days like this (so I can replay it as if it was a missed basketball game 
)
This is my first attempt at scratching. For those who know the drill, it will be evident what my scratching criteria is. If not just ask, but don´t ask until you first give it a thought.
It could be the wrong approach, but today I felt the difference, not in the trading per se, but in my mental clarity after each scratching occurred. I am no longer holding it until LSH or LSL which in my case was pretty stressing, not helping me with my fear issues.
P.S. If there is a short just after a long and Vice-versa is because SAR was applied.
)This is my first attempt at scratching. For those who know the drill, it will be evident what my scratching criteria is. If not just ask, but don´t ask until you first give it a thought.
It could be the wrong approach, but today I felt the difference, not in the trading per se, but in my mental clarity after each scratching occurred. I am no longer holding it until LSH or LSL which in my case was pretty stressing, not helping me with my fear issues.
P.S. If there is a short just after a long and Vice-versa is because SAR was applied.
- Status