Thanks. I can only throw out all my 'trader talk' (or really 'trader think') and then readers can sift for useful concepts. Some traders don't care about any of this, and some do. Many have said I think too much.
This much thinking may not be good for most. I do it because it is my nature, and I think finding a way to be true to one's nature is a key to success. I also do it because I think I do better when I do it. If I thought it hindered me, I'd perhaps find a way to stop doing it.
As long as it is understood what my basic approach is, then all the comments can be viewed with the necessary 'context'. Look for setups according to the methodology, and then manage them according to the 'Trading Plan', of which one component is where are areas I am concerned about and may want to tighten up the stops. I try to point those areas out when I can.
The setups should be obvious, and jarek does a great job showing those, mostly in advance. If one grasps 'context' at all, and looks at jarek's charts, it should be fairly easy to determine what I'm likely doing/looking at at any given time.
Originally posted by rat89
jim, your commentary was helpful as always.....there goes goog....
