Hi Steve,
Thanks for the kind comments about my work. I haven't looked at all of your videos yet, but I realize that taping and then reviewing your trades is a great self-help tool, which I need to start doing soon. The brain is more effective at remembering pictures than any other sensory medium. I do enjoy your work and comments.
One of the things that I am working on is to first analyze the daily and 60 minute charts looking for key support / resistance or pivot points, such as actual turning points in the market or Fibonacci levels. Then pay attention to how the market reacts to these points. I think that you will find that divergences are more relevant at these points. This is something that Linda Raschke tried to drill into my head a few years ago, but I am just now beginning to understand what she was trying to tell me.
I don't have the book yet, but I will also be reviewing "The Nature of Trends" by Ray Barros. I'm anticipating that I will be able to apply his work and Linda's to improve my ability to analyze the longer term patterns in the market.
I am also spending a lot of time understanding the psychology of learning through the work of Dr. Steenbarger and Dr. Ericsson and others. Some fellow traders said years ago that it takes 10,000 trades to become good at this. I then brushed their comments off as nonsense, but now realize that they were right. People don't realize that Einstein took 12 years trying to figure out the paradox of space, time, speed and light. Einstein was extremely intelligent, but the real difference between Einstein and the rest of us is that he was willing to spend 12 years trying to solve a puzzle and not give up trying. Ten years, 10,000 hours or 10,000 trades are numbers that keep showing up in the process of learning.
Charles