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Hi Raymond: I am going to post the answers to real traders in case others are interested. Thank you for your kind words.

I have two points that I am not sure what you mean in the artical. 1)you watch for a buying/selling climax or ending action in the perspective of one higher degree,and wait for a retest.Is that means that you switch to longer intraday timeframe,like 30 mins if you are on 15 mins timeframe ?Is the retest means higher/lower high or low <<
What I meant is that I often wait for ending action or oversold/overbought in the chart of one higher degree (for instance hourly) and then trade the setup off of the lower degree (for instance 30 or 15). I do have to admit that often I see setups on the hourly and just take them without a whole lot of thought about what the daily is doing.
In Terms of retesting.... The best setups come very close to the prior high/low. I am very excited when I see a prior high or low modestly exceeded and then a sign of strength develop. It is more difficult if the retest does not get very close to the original pivot. I also perfer to see the restests separated from the original high or low by at least (in terms of the hourly) two to three days.
>>>> >>>> ? 2) setup rules, can you give me an ideas like the example trade on the t-bond, what is your rules?( setup,entry,money management,stop loss and exit rules?)
I have a mental checklist that I use for the various setups and patterns. If I spot a setup, I plan how I am going to enter and visualize the two or three most likely outcomes and plan around that. You can typically either find an pattern downtrend or an important bar to trigger your entry. Once filled my stop almost inevitably goes two to three ticks below the low pivot prior to my fill. Im not very patient and I am pretty danged quick to move my stop up as the market starts in my favor. Remember that these setups work across a broad variety of perspectives. I may trade a swing setup with 16-20/32 stop, a day trade with 3-05/32 under an important low and a weekly/monthly trade with 1-2 points of room under an important low/high.
I tend to trade in multiple contract batches. I like using part of my position to finance the rest and when I am short term trading and I get a trade moving strongly in my favor (IE... the market goes parabolic for a bar or two) I almost always take it.
Again, I know this rambles a bit and hope that you find it helpful. Stewart Taylor Taylor Fixed Income Outlook Voice: 501-219-9774 Fax: 501-228-0963 E-Mail: staylor@xxxxxxx Web Site: http://www.cei.net/~staylor/