The best part of this is that you saw, in advance, that this entry was problematic. There is real power in this. Outside of the exercise you now know you can size down, or move entries to less risky locations, skip the trade, etc. Deploy risk ...

Rearden's Journal

An interesting evening while I slept. Price entered an up move after my last post. Missed my entry on the way back down by a pip and now switched to a down move. I'll step aside and check back in at the end of the day and take trades per the rules.

Gejordan Weekly Journal

Back to a No Bias Week, I will follow the move. The current move is down, although as I write this price may switch at the end of this hour. The election has passed, but any crazy thing over the next 2 months could cause an out of the norm move in ...

Gejordan Weekly Journal

Now, let's look at that picture of the tp you are using. Does that TP make sense? Think about the entry. You are making a calculated guess that you are trying to catch early entry of the change in the move. Traditionally, when would you change the ...

Rearden's Journal

you can test it so you can learn from it. But you have to do it every time and have a clear rule. So, in this case, you are testing an entry using the cross over and stay over and then a return to the s50, when there is a directional bias and the ...

Rearden's Journal

We went into a down move, but bias remains up, so not much to do. There were easy trades around the election, and they worked out, so it can really eat at you. Rearden experiencing this over in the Rearden journal right now. They could have just as ...

Gejordan Weekly Journal

Good, you are feeling that inner evil trading demon rearing its head. You are doing an exercise on the smallest amounts possible and it doesn't even matter, the addiction of trading is showing itself. Really spend time on this. It's when you move ...

Rearden's Journal

It actually did break above and stay above, you can see it in your pic, and then promptly declined and went into a down move by breaking below and staying below the new low, which happened a couple hours after your pic.

Rearden's Journal

Bias: UP Move: UP Back to a directional move. Been a while. I'll go back and review directional move notes.

Gejordan Weekly Journal

I understand you are just sharing thoughts, just make sure you don't go down a hole with MACD, be a trader of action on the chart. End of the day, you are just using the MACD for bias.

Rearden's Journal

No Bias, Follow the Move The Move = UP Well, price traveled the distance of the range and now back again. Some of you have seen me trade events like this in years past and the simplest way to do it is pick places you think price won't make it to and ...

Gejordan Weekly Journal

Stayed in a down move. No Bias. No trading for a few days due to election. image Narrowed into a real tight range today. Pure gambling and nonsense ahead at this point.

Gejordan Weekly Journal

MACD still moving lower, but above the zero line, so NO BIAS - Follow the move, and the move is down. Last night had some tricky price action with candles that had little difference between open and close. In real life, if it is hard to determine ...

Gejordan Weekly Journal

Me either... so here is some weekend fun for you. The weekly. image It looks a bit messy, but I think you'll see what is there. First, lets view the weekly, just like we do the hourly. With swings. I have little blue lines to show the move down ...

Rearden's Journal

Obviously this one ran, eventually we'll let it run and even further down the road we'll put together the short from the s50 and have a real biggie. Good job following the rules. And yes!!! it's not the pattern, it's the story.

Rearden's Journal

No Bias, Following the Move, Down Move, MACD still above zero so careful of attempts to regain upward trend. image Fairly standard trade, all per the rules. Down move, enter on pullback, profit at place it came from per the rules. Arrived at ...

Gejordan Weekly Journal

Is the way I trade starting to be demystified for you? seems like it. I didn't wake up trading the way I do, I did this exercise for a long time. Probably starting to uncover the why behind the things I do or at least seeing the process at how I ...

Rearden's Journal

Rearden starting to get the hang of it. Picture perfect of what we are doing today.

Gejordan Weekly Journal

There you go. Hopefully you are seeing it yourself and your thoughts are matching mine. By knowing probability of price to fail, we know to be less greedy. The exercise pounds it in our head over and over.

Rearden's Journal

Ok, so great action here. Price was above the line and went long and tonight it has immediately changed direction. We are now in a down move, with no bias, follow the move. image This gave a great visual comparison that I am exploring right now. ...

Gejordan Weekly Journal