The Trouble With Scribbles

smallStops said:
Most believe in only one way of trading : "system signal type of trading".
When they could understand that "system signal type of trading" is just a step to learn
to read a market.
Now, surely, you should be booted out for good, as you are spelling it as they have no idea of. ;)
Just for your info : now there is a "superior" step to how you approach thing.
But then, it is not to me to spell the beans.
Good luck as week-end now finished.
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That is what the SLA method is as well. They are also waiting for a signal. The point that I am trying to make is that there are other ways to see the price action and see the signals with much less analysis and time commitment. The SLA method is unremarkable in identifying entries and exits. I understand that you liked my chart posting and will post some more as a window into how I view the market. I am not teaching a method. Just looking to have folks be enlightened that there are equally, and perhaps more, effective methods to secure entries and exits. The real edge is in the ability to manage a trade and that needs to be first priority. It's not being shown as a high priority.
 
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Eddiemorra said:
Are trades only ever taken at pre-determined areas? Going though some of the sla threads earlier, it seems longs and shorts were being taken based on breaks of (and then a retrace of) trendlines with no concern as to where the trades were being taken in regards to the larger context (trades weren't being ignored if price wasn't at one of the predetermined level which were drawn on the longer term frame charts going into the day)

Or is it to do with trades only being taken at extremes of a range (if you can find one that is containing price) or anywhere (long and short) once price has left the range (where trades are based on the break and retest/failure of demand/supply breaks)
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This is one of the criticisms that I have of the SLA scribble method. The proponents are indicating that a large portion of the analysis is devoted to finding the larger context. But when the charts are posted with trade areas defined, there is no deference afforded the larger context. I believe that a trader could use a much more simplified, stripped down approach and disregard the larger context and just trade the entry and exit timeframe chart going either long or short. You may or may not recall that I initially postulated that the SLA is a simple system that is being dressed up as an overly complex method.
 
And yet no one can tell me why this trade is taken here:

upload_2015-4-12_22-55-25.png
 
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