[jonbig04]

Gosh I hate it. It seems to obvious on days like today, but when I try it, it doesn't work lol.

[MidKnight]

You are getting there...the difference between hindsight analysis and RT trading is immense. It takes time....

With kind regards,
MK

[wjrusnak]

Just looking over that last trade. I see that you got long well after the trend started to form and it was past the midpoint of that range you have there. Price just seemed to be in the middle (I believe that is close to the POC in Market Profile terms). I know the wise tend to trade at the extremes and in this case I think you can see why.

[jonbig04]

Originally Posted by MidKnight »

You are getting there...the difference between hindsight analysis and RT trading is immense. It takes time....

With kind regards,
MK

Tell me about it! I feel like the gap is slowly closing. I'm trying to chart my trades for the next day beforehand too, which hopefully helps.

[jonbig04]

Originally Posted by wjrusnak »

Just looking over that last trade. I see that you got long well after the trend started to form and it was past the midpoint of that range you have there. Price just seemed to be in the middle (I believe that is close to the POC in Market Profile terms). I know the wise tend to trade at the extremes and in this case I think you can see why.

Thats true. Selling the extreme R and buying the extreme S was all I did last month, but it wasn't good enough. It just so happens that it would have netted like 18ES today lol. Price was in the middle of that particular range. Its what I gave up to let the double bottom form. I was surpised when it didn't continue to the top of the range after making that DB. I wouldn't have been surprised if the trade didn't work due to rejection at the top, but the trend I was looking at wasn't the trend of that day, its the trend of the last 2 days. the midpoint test entry was my attempt to try to catch a ride on that trend. In looking at that larger trend you'll see that the distance my trade was from the bottom of the range is small compared to the size of the bigger trend, so in a sense I was, or would have been at an extreme area... or thats the idea anyway. Anyways, shit didn't work lol.

[Tams]

one of the key to consistent profit is to know the difference between

a method that works,

and

accidental success.

[jonbig04]

Ignore feature works well.

No trades for me today, PA looked sloppy all day pretty much (to me). I'm still hoping to get in on a break down of the key levels of 866, or a break up at 884. Nothing much else to say.

[jonbig04]

Ok market, lets move!


[IMG][/IMG]

Oops by mistake I meant of course selling S or buying R..hehe