Recent content by EminiTraderCBOT

Excellent points! I agree with you. Sometimes my eager to learn takes over the best of me. Especially since I received this book. It's what I was looking for. Has a solid foundation of advice. Thank you, Db for taking the time to reply. I appreciate it truly.

I understand but I was just following when you said to not look at the markets

I understand but I was just following when you said to not look at the markets

I'm not. I will create a journal once I feel I have a better understanding of it all. It would make no sense at this point.

I seen the reversal on the 9th. I only observed it, not trade. The reversal on the 9th could have been traded by solely utilizing SLA. And that Is why I was asking if one focuses on learning SLA, can they be successful? I am in the observation phase as you can see from the charts I've posted. I...

But are you saying that no other trading opportunities were available if you didn't take the trade on the 9th? Nothing intraday or any good trades since then? I don't scalp but I also don't hold for days/weeks. I look for 2 to 3 good trades a day for 5 points or so.

How do you have your SLA structured on the D, W and H charts so currently?

After learning supply and demand and the rest of the context. The SLA seems more of a visual aid than turning you into a successful Trader. Am I right to some extent with that?

I'm not ignoring them. I look at both to see where we are at on the D and W and then go to the 5 min and 1 min charts to trade. I did ask once but didn't get a reply. When trading on a 1 min and 5 min chart. How do you piece it all together with respect where we are at on the D and W or even H...

No. Was the 9th the last trade you entered? I'm learning SLA to apply it on 5 and 1 minute charts intraday. Looking for a couple good trades. What did the chart show you to enter on the reversal on the 9th? It also seems that with SLA you need to widen your stops a bit for confirmation.

Yes

To track the balances and imbalances of supply and demand areas

Right. Which brings me to my point of there's a lot more to If you can draw a straight line you can be a successful Trader. The Straight line is just a part of the whole context and needs both parts to make it work successfully. Not just draw a straight line.

Hi Db, I have a question... if one focused solely learning to apply SLA to daytrade. Do you think this would be successful? I'm studying the book inside out. I'm not looking at the market currently. Just studying for now. To focus and not be distracted by forming my own opinion until I study...

Since it broke out of that TC, where have you placed your lines?