We’re glad to know you’ve found some use for the information we’ve presented through the MD webinars and blog. You’ve asked some good questions over the last few weeks and your passion for trading is a good thing. I wish you continued trading success!

Regards,

NJ

I see what you mean about if 76 is your level, this was a 2nd push. Also, thx for the definition of trapped traders that you use, that really clarifies a lot of what you do for me.

Don’t worry about my reaction, my emotions are one of my challenges, trying to turn from a weakness into a strength is a battle I fight in most aspects of my life

Have a great weekend!

FYI, we do trade first pushes but they are generally for 2 to 4 tick scalps and is intentionally not a focus of this blog because it requires scalping skills we are not willing to formalize and try to articulate.

I cannot argue with you over the meaning of “a lot”. We generally focus on the relative numbers and there was twice as much selling as buying below the previous swing low. The 9:59 bar does not have trapped traders by the definition we use. By our definition, there needs to be a swing low and then a second push swing low that extends a few ticks beyond the first with sellers unable to push price lower.

The 10:10 setup bar was at least 3 minutes, however I agree the 10:11 bar was very fast. Since my actual entry was before the 10:10 bar closed, entry was easier than trying to enter on the 10:11 bar when price was blasting higher. We miss trades sometimes too because of the market speed (or I’ll catch a trade and RG does not; or vis-versa).

Good job with your trade!

First of all, I’ve read every blog post and watched your webinars and I thought you didn’t trade the first push into the level, but rather waited for it to setup on a 2nd test? Am I incorrect?

Second, I’ve been looking at FP charts for over 3 years and that is not a “lot of trapped traders” setup. It’s the lowest volume bar on your screen, it’s the lowest # of sellers on your screen. The 9:59 bar is a nice trapped traders setup (that went nowhere, but still).

We only spent 30-50 seconds in that bar, by my recollection.

I think a more appropriate description would be “based on our experience as traders, the importance of the level, and the fact that we had fallen too far too fast after the #, we took the trade.”

This move happened too fast for me, and based on the action after the 9:59 bar I did not want to chase it. I did however take the retest of this level at around 10:40, which setup nicely along the lines of what you have been showing in countless posts.

I am not sure this response makes any sense. It was a good trade you made and it’s your trading and your blog. I just don’t see this as a trade that fits into what you have been teaching, and for some reason that annoyed me this morning. Sorry about the rant.

Have a great evening.