House of If You Can Draw A Straight Line

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k p said:
Both, but of course favoring the trend unless the range is really wide. There is one type of trade that I'm exploring which is a REV trade based on a rejection of a prominent level. SLA would still get you into the trade because eventually you will have a line break with a RET setting up.
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This isn't entirely true.

Let's not get into explanations. That defeats the purpose of the thread. Those who are interested can read the pdf. Those who are only looking for an argument can find it elsewhere.
 
dbphoenix said:
This isn't entirely true.

Let's not get into explanations. That defeats the purpose of the thread. Those who are interested can read the pdf. Those who are only looking for an argument can find it elsewhere.
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Thanks for the clarification. I didn't mean to propose that what I was talking about was something according to SLA/AMT. Just trying to answer his question about the types of trades I am personally looking at.
 
k p said:
Thanks for the clarification. I didn't mean to propose that what I was talking about was something according to SLA/AMT. Just trying to answer his question about the types of trades I am personally looking at.
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If his question was directed to you, perhaps he'd like to read your journal.
 
I tested it mechanically over 1 year without regard to context and trading through chop. My win loss was 46% to 54% and p:l 2.32 to 1 per trade. This again was without the use of context and trading mechanically thru chop. My entry was as written by the rule and my exit a 1 point line break.
 
wwatson1 said:
Ok its obviously a really big money maker and im just an idiot that has no idea, carry on :rolleyes:
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It can be. Or it can be a dismal failure. Depends in large part on whether or not one understands what it's all about. If one doesn't, then criticism is little different from venting over one's own frustration.

If, for example, one is afraid to take the trade, the method or approach or system or whatever isn't going to make much difference.
 
wwatson1 said:
Ok its obviously a really big money maker and im just an idiot that has no idea, carry on :rolleyes:
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Aside from techniques/planning/strategy remember everything starts from within. If you can't see or visualize yourself as a successful trader you more than likely won't get there regardless of any plan. As well if you are all wrapped up in failure vs conquering those failures/mistakes/doing the work/putting love into what you do again no plan will help you. If you are even able to have some sort of plan before frustration and other head trash creeps in enough to make you quit.

The game needs to be won before it starts.

This is a topic for a different thread however.
 
Repost of last week's daily chart:

upload_2014-12-13_11-8-2.png


And this week's daily chart:

upload_2014-12-13_11-8-40.png


So far, price has moved 120pts since the retracement after the break of the upper trendline (and the demand line).
 
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