On MNQ I'd look for trades where 20-30 points is an indication that the trade is wrong. On 2 contracts that's a $80-$120 loss. I don't use stops...
$50-100 dollar stops on futures won't work. On micro futures it may sometimes work, if you are very precise, but I'd say $50 is the absolute...
first time?
100% if you know this particular setup
A good trader uses the actual candle shapes + indicator/other gauge of the short term trend in addition to the patterns, so they would not be...
Well I'll be damned. Pack it up technical traders, what we've been doing all this time hasn't been working. I don't know where all the money came...
Good point. Most prefer not to strive for mastery in this business
correct! because everyone who trades with precision becomes a billionaire overnight
Are you getting regularly 300+ points with that kind of a stop? I enter with the right 1 min candle usually regardless of whether it's the 5 or 15...
Well you are right about that at least - the ranges and volatility are changed, and there are 200-300+ point moves. By wacky, I thought of...
I didn't even show moves. I just showed the market is not "wacky" at all. It's obeying the same principles it always does, day in, day out, year...
Yes, if the point you were making was "it doesn't matter which market". And idk, it opens for me so maybe someone else can confirm it
Okay NQ or ES, take your pick :rolleyes:
Luck? That's a joke right? LOL see attached "lucky moves" in these wacky markets
always appreciate when someone notices!
Separate names with a comma.