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.

Is the key phrase 'So far'...?

Originally posted by jimkane

Stopped it dead. So far.

The GZ is just so powerful. What a tool.

58.50 and 56.00, give or take, are the levels I have below. Note the first one is at the RTH LOD.

C'mon, GZ, give it up...

Originally posted by jimkane

C'mon, GZ, give it up...

Very key SL and set line here. Watch carefully.

We are right in the meat of the area where it may happen.

Okay, prepping for the higer degree, in case this lower degree isn't enough for them. The first key area creates an overlap from say 55-56, and then the area I want, 49.75-50.25.

55.75. Showtime.

The question here, for me, is do they bounce it here or reverse it? It needs a bigger bounce to hit that lower level today. Otherwise, it would have to flush in a climax move to get there.