I'm starting week with my thought about learning of trading.

I found that it is impossible to get all knowledge contained in Jim's books when I read it few times. I have to get a lot of practice, face the problems in all area (eg. context, trade management, ML) and start looking for solutions in Jim's books by reading it again. And that's what I think: all solutions are there. I just have to implement it into my behavior and trading plan.

This a lot of material and it is sometimes very difficult mentally (like trading against trend on trading timeframe) that's why process of learning must be repeated many times until aim will be achieved.

I can't imagine how Jim could learn trading without his books It must be incredibility more difficult and long process then we are faced with.

Crude 108.74. Ow. My a#% hurts.

ES hits 65.75 and stops dead. Hmmm, I'm sooooo surprised.

Originally posted by jimkane

And it hits 63.75 and then closes after-cash. Let's see what happens when it reopens. This is fun. I like this business.

Originally posted by jimkane

62 ready to give way. 65-66 is my next level. 64, though, is the start of things.

Tiger by the tail... 67. Pushing the area. Where is the next spot?

Is it 77-78?

Originally posted by jimkane

Tiger by the tail... 67. Pushing the area. Where is the next spot?

And yes, of course, this 67 here is a key spot. But I'm not betting any bearish 'W2's in this kind of a market. I may be right if I do. Once. That's not high enough odds for me. I need to see reactions first, and have it give me something.

Jim, your yesterday's ES chart was really inspiring and eyes-opening.
Sligh add-ons to it and we have framework for today.

Start to be careful on this sell right in here to just a little bit lower, 64.00-.75.

Otherwise, 61-62 is my next level.

Crude a few pennies shy of 110... Ow.