Time. The only way to demonstrate realtime results, positive or negative, is through videos. Posting "realtime trades" on a message board is an impossibility and therefore pointless. The advantage of charts, of course, is that one can post the setup in advance, sometimes well in advance, and even explain what to do with it. If those who read the posts don't follow through, that's hardly the fault of the chart or the setup or the instructions. Today was a perfect example.
Good stuff as always, wrbtrader. I use DOM, T&S etc when making many (though not all) trading decisions, but those decisions are made based on where price is on my "map", i.e. my chart. I do not see how one can use a chart to map one's course, and then separate the use of the chart from the decision making process itself to say that one "doesn't use charts." I see no shame in using charts, indicators, order flow, etc. These are tools to do a job, and each person will choose the tools that best let him or her get the job done. What is shameful is bashing someone else's choice of tool. Even more shameful is bashing those who use a particular tool when you yourself use that very tool to get the same job done.
It's been a while. Almost two years. But I remember your having made a few posts to the old journals. Short answer, no. By the time you've drawn your arrow, you have a lower high and a higher low. That means you're going sideways for a while. Whether you want to call it "chop" or not is up to you. Friday wound up doing the same thing that Thursday did, forming a large hinge, this one with an apex of 11. I have no idea what will happen by tomorrow morning, but I want to wait and see how this resolves itself before I act on it. You may be interested in the posts I made this morning to Simulated Combine - NQ I.
Yes, but I'm looking at it as a test of a test. So, there was a higher low of 4498 at 14:45, then a test of 4500. I'm just trying to figure out the lowest risk entry off of a test without waiting for a swing high to get taken out before enter. Thanks.
This eventually resolved itself this morning at 15. We rallied to 38, and we're back at 15. Now what?