Son of If You Can Draw a Straight Line . . .

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Quote from Liverless:

Ok, on the 1 min it becomes apparent that I should have waited for the RET after 13:00. Thnx.
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Well, not necessarily. It depends on how you track demand and supply and what you want out of this. I urge people to find reasons to stay in, not to get out. If you had legit reasons for believing that price was in trouble in real time, then sure, keep your demand line tight and get out where you got out. Otherwise, be a bit more flexible in how you draw the line. We're talking about only a point here, and given what you've made, or should have made, a point is bupkus. And given that the ES has only 30pts to go to reach the top of its trend channel, I'd want to find any excuse to stay in.
 
Quote from dbphoenix:

Well, not necessarily. It depends on how you track demand and supply and what you want out of this. I urge people to find reasons to stay in, not to get out. If you had legit reasons for believing that price was in trouble in real time, then sure, keep your demand line tight and get out where you got out. Otherwise, be a bit more flexible in how you draw the line. We're talking about only a point here, and given what you've made, or should have made, a point is bupkus. And given that the ES has only 30pts to go to reach the top of its trend channel, I'd want to find any excuse to stay in.
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Waiting for a break of tight s/d lines to exit would be an improvement on the way I do things.
I tend to take profits too early and then try to reenter with a continuation.
 
Quote from Liverless:

Waiting for a break of tight s/d lines to exit would be an improvement on the way I do things.
I tend to take profits too early and then try to reenter with a continuation.
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After three years, I suspect you have a lot of negative self-talk banging around your head. Takes time to neutralize it.

On the other hand, if you look around at what others are doing, you pretty much have to feel better about yourself.

If you want, plot this stuff on a 1m chart beginning with the open and see how it looks. You may reach more clarity.
 
Quote from dbphoenix:

After three years, I suspect you have a lot of negative self-talk banging around your head. Takes time to neutralize it.
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Working on that Db.
I'll give it another try next week see how it goes.
Thanks for your comments, they are appreciated.
 
Quote from dbphoenix:

After three years, I suspect you have a lot of negative self-talk banging around your head. Takes time to neutralize it.

On the other hand, if you look around at what others are doing, you pretty much have to feel better about yourself.

If you want, plot this stuff on a 1m chart beginning with the open and see how it looks. You may reach more clarity.
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YOU'RE a muppet, DB. Who are YOU, and what can YOU prove?
 
Quote from burt_schroder:

YOU'RE a muppet, DB. Who are YOU, and what can YOU prove?
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Is it a question, a plea, or a scream? If alligators got wings, they still would have trouble flying.

Gringo
 
Quote from dbphoenix:

As I said Friday, those who can't answer the questions don't have a thoroughly-tested trading plan, or at least one that focuses on price action. That this is a general state of affairs should now be clear.

This same process applied to Monday and Tuesday and Wednesday and today. It'll apply to tomorrow and to every day thereafter. Those who want to practice can continue with these charts to the end of the day for last Friday. It did reach 30, after all.
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Thanks for all the time and help during the week, lots of thing are clearer now. Will adjust some things in my trading plan and will re-test it with the new insights.
 
I hope that someone completed the exercise for last Friday, i.e., through the end of the day, since yesterday was virtually identical.
 
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