Chart for the morning. I had some problems and doubts after the point three on my chart at 11:40. Although I did consider it a point three, I got negative stretch values all the time, especially after the pt3. Not just neutral but real negative (-4 or -5) so I reversed. The mistake here that a negative stretch value on itself is not a reason to reverse. It can be a reason to not take the trade or to exit because I expected positive or neutral values after the point three. I focussed on a single data element instead of the whole dataset. Because after that we got the FTT... so I guess there's a relation between the neg stretch values and the FTT. It's the context that matters. Not just one thing. regards, Ivo
WG- No problem. I am really impressed with Jack and Spyder giving so much to the trading community. Unfortunately, I have found very few in this field willing to give of themselves as much and just ask you to "give forward". I applaud them!!! Part of my inquiry was a chance to meet either of them while learning their techniques in more detail in a classroom setting. I will continue going through the messages and learn the same way everyone else has learned his methods (reading and practicing) since it appears there is no classroom setting planned in the near future. WG- I enjoyed seeing your trading log the other day. Are those kind of results still commonplace? Very impressive!! Please keep posting them. If one has esignal, what is the best way to draw the parallel trendlines? Is there a separate service to subscribe or a software program to buy that will do it with esignal? I read that an automated version is in the works.... what software program does it work with and is there an anticipated timeframe? Thanks!
Thanks for sharing Your trading results. I wonder why didn't you hold your position longer, if you are only simming for the moment? In paper trading, I do not feel uneasy(nervous) at all; only in doing real money, I tended clicking/jumpy often, then go back simming again. If you do forest level today, for instance, you could have entered for long at 11:05 and out at 12:35 for one entry. Sure, hindsight is easy.