Keeping in mind that if he were short, he'd have to exit that first according to plan before a long could be taken.
House of If You Can Draw A Straight Line
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Keeping in mind that if he were short, he'd have to exit that first according to plan before a long could be taken.
this?
would you have shorted the high (and been stopped) if for some reason you missed the long?
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If possible, I'd like to keep posts relating to intraday trading in the trading thread and posts relating to the SLA/AMT as an approach here.
OTOH, since this is the fifth frigging journal on this subject, I don't know that there's really any point in having two threads. The reason for the other one is no longer valid.
Do you guys want two threads? Is there any longer a reason for the other one?
OTOH, since this is the fifth frigging journal on this subject, I don't know that there's really any point in having two threads. The reason for the other one is no longer valid.
Do you guys want two threads? Is there any longer a reason for the other one?
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Whatever anyone else says, 16.75 - 35 was a pretty handy piece of range info for the past 45 minutes. There may be more excitement ahead, but it is Friday, it has been a very good week, and I am going to take the rest of the day off. Always like to end the week on a high note 
Sorry, DbPhoenix - I thought I was in the Intraday journal.ops:
They have the same trolls, so it's sometimes difficult to tell the difference.
In the interest of NQ dynamics which have nothing to do with the SLA/AMT per se (i.e., as a method), price rose 12pts above the median of the pre-mkt range then fell to 12pts below. Those of you who've been following along will see the behavioral pattern here with regard to equilibrium.
I'm not ignoring you. I'm a bit off balance on this question and I do not know to respond because I do not know that I am understanding you. "Would I have shorted the high if I had missed the long?" is your question? Missing a long is not a reason to take a short!?
And between the time scale being way out of zone for me and the candlestick style chart, you're making me dizzy!
I did see price trace what one could consider a LL but it was really more rangey than trendy - I'm always looking for trend movement and range movement, and reversals need price either to BO of the most recent range movement and immediately fail, or for price to fall out of its recent range, ret, and continue to fall out.
I'll post a chart later to show this, but you might want to look at the charts I posted a few nights ago in the SLA intraday thread in the mean time.
It might help if he were to frame his question in terms of the SLA/AMT. This would help to clarify whatever misunderstandings he may have with regard to the approach. Otherwise, there's going to be a lot of Q&A from people who are looking for trading advice who haven't even looked at the material.
Thank you for your posting! Noise is the market activity created by market participants. Placement of a stop within the noise will lead to a higher percentage chance of that stop being taken out. Placement of a stop outside the noise will lead to a lower percentage chance of that stop being taken out. When a stop placement is determined, one can then calculate the size of the position for that particular trade. One should always have full position on when entering---The amount of that full position is determined by calculating that you would not lose more than 2% of Total Liquid Net Worth if the stop is taken out. This is the most important part of trading. Prudent money management.
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