Erich,

I was going to email this to you privately but thought that it would be nice to share this with the rest of the traders that are in your forum.

Below is part of the conversation between Erich and myslef.

I think your right... I don't think that IQ means anything. I am really beginning to believe that trading is just a mind game. I believe that the more you are in touch with yourself the less internal conflicts you have and the more you are able to see things for what they are and not what you want them to be. It is so easy to project what you want to see on to the charts and can easily con yourself into a false belief.

I cannot tell you how much I have learned while I working with you and since. You really did open a door for me an my results are improving every day. I did make a variation to my trade setup though. I dropped the 55SMA and the SSTO. I strictly work with the 30HMA, 20EMA, & 5EMA and Equivolume bars. There is nothing else on my charts, no indicators just me and my Moving Averages, Equivolume bars and PRICE. For me, It is so much easier that way. I just wait for the market to act in the way I need it for my setup and take the trade.
I have started working with a second approach. I have been utilizing trend lines on both the top and bottom of an extended swing. Something I read about in a book called Channel Surfing where you place a trend line on the top and bottom of a trend leg to highlight support and resistance. It will give you a really reliable way to see support and resistance and a high probability setup. You will most probably see it in my next blog as I am going to be showing a little about it, showing when the market is offering a trade and when it is not.

Just a little background about channel surfing. I read this book 5 years ago and tucked it in the back of my mind because once again another approach did not work. I did not set out to take on this approach. One day the market was a little choppy but trending. My least favorite type of market movement. I drew a trend line on the bottom.. (market was moving up) and then I noticed that it was following a resistance line going up as well so I drew the 2nd line on top of the movement. As soon as I did it I realized exactly what I did and where I got that technique from. It highlighted the turning points so well that I automatically started trading it with much success. Now when the market is not trending in nice smooth waves, I draw trend lines and channel surf. (if the market makes it possible)

The real knowledge that I took away from our sessions is that the method we utilize only works at certain times and you have to be patient and wait for the market to do what you need it to do in order to have a valid setup.

Erich, I have been trying to trade for years and have had absolutely no success until our mentoring sessions. I cannot thank you enough for the time you spent helping me to finally see what it is to trade.

Feel free to check out my blog at insightfultrading.com
Dave