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

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Quote from Gringo:

I left you guys as almost sensible traders before the break. I come back and you guys have turned into dog walkers. Talk about un-parting the veil here! Oh boy, what else is in store?

Gringo
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There are days when I give price a lot of room, usually when it's trending. Then there are days when I don't, like today. Even so, today wound up profitable. Not much, but it wasn't a losing day.

Those who frequent this thread in order to follow me are missing the point. If the lurker doesn't understand demand and supply, he isn't going to be able to understand up and down. If he doesn't understand up and down, he isn't going to be able to understand trending and ranging. If he doesn't understand trending and ranging, then he's at the mercy of those who "make calls". The "call" is not important. What is important is why the call is being made and why it's being made at a particular time. And given that this is not mechanical but rather is adaptable to the trader's preferences, following along without understanding what's going on is a waste of everyone's time.

The struggling trader's primary goal should be to stop losing. The rest can come later.
 
Db, thank you very much for all your comments today, although I did not follow your "call" while trying to grow some confidence in my decision making process, I did not freak out, as I saw that buyers were still under the 50% level and managed to stay for a little longer.

AS for the lurkers, the only thing I have to add is that if they do not participate, they will NOT get it.

As for my trading here is the chart.

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1. As i said at the open buyers rejected the fall at 94, so my reading was long, I know that we had the top of the TR at 97, but just took the trade. Did not work pretty well. Just a Reminder for anticipatory calls.

2. As sellers pushed back below R I took the short without much expectations.

Sellers did not manage to break below 84 and price just went nowhere.
 

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Quote from dbphoenix:

There are days when I give price a lot of room, usually when it's trending. Then there are days when I don't, like today. Even so, today wound up profitable. Not much, but it wasn't a losing day.
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At which point did you see that it would be more likely a ranging day? After the failure(s) at 92?
 
Quote from timokrates:

At which point did you see that it would be more likely a ranging day? After the failure(s) at 92?
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Couldn't tell you. It's all hindsight now. If you can't detect it in real time, then you'll just have to follow the lines.
 
Quote from niko:

1. As i said at the open buyers rejected the fall at 94, so my reading was long, I know that we had the top of the TR at 97, but just took the trade. Did not work pretty well. Just a Reminder for anticipatory calls.

2. As sellers pushed back below R I took the short without much expectations.

Sellers did not manage to break below 84 and price just went nowhere.
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Even so, you made money.
 
Price broke the 11/21 macro demand line yesterday afternoon and retraced yesterday evening. This is treated the same as any other break and retracement. Given the time of year, I would not expect a correction, but then I would not have expected a continuing rise throughout September and October. One's best friend, then, is the drill.

The only level that's been tested is 3420, though price did find R for a while at 3435. And though price could break its SL and rally, there's really nothing below 80 if it doesn't.
 
Quote from niko:

As for the lurkers, the only thing I have to add is that if they do not participate, they will NOT get it.
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While experimenting with one's own variations is part of the process (e.g., Game's journal), failures should not be ascribed to the approach but rather to the variations with which one is experimenting. While this is not for everyone, those who aren't happy with it should try coming back to center and re-evaluating their progress with regard to the approach as written before writing it off. It is not after all difficult to wander off into the weeds when trying something new.
 
SL from 0445 broken, but no long entry. DL broken sideways, which is the weakest form of break.

0812 DL broken to the downside. An aggressive short could be taken here. There is also a DT.
 
Quote from dbphoenix:

It is not after all difficult to wander off into the weeds when trying something new.
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I'm not sure what that hard part is for those of us who have been doing other approaches prior to this. Ego. Just our minds full of "weeds" that seemed to not be weeds in other systems, and actually worked to various degrees in other approaches. One persons treasured plant can be a weed to another person. I once had a row of imported dandelion's (seed from France) that I had an eye on making dandelion wine. A relative came by and did me the great favor of hoeing out that nice straight row of ...weeds. Take's more than a year to grow them for wine, and I was getting close!

Trust the process, the system, the routine.

The wine will come in time. Nobody said it was easy.
 
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