Hi Spyder, Why is this a FBO? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1703741>
see this diagram posted by Oddiduro
I'm used to think that way too... but really? there's a mechanism that put you on the right side of market even you are wrong? Too good to be...
I spent a couple of days doing mechanical APA and without success. the failed exercise taught me one thing - there's no such thing as "mechanical...
I was stopped out at previous close - 1 tic. where's your stoploss? SMA？
I second that. and congrats on the breakthrough, Bundle.
No, I understand you need to do the reverse over and over until it clears the entry. I recall in a trading journal, Jack once did 3 reversals in...
Actually APA is pretty straightforward in theory. it says always put a stop right after your entry 1 tick away twice the size. it does sound crazy...
Here's the last cnm2's trade in pdf format http://www.box.net/shared/static/nov9yaj8ed.pdf
and I found to draw a channel from most recent Gaussian point by recycling p3 mimics current sentiment more properly and allows to detect correct...
I got rid of price levels too, just pivots and HLs. it helps at my stage.
ah yes, the 3rd chance... :) that pretty much covers everything.
what if price taping away quickly without forming a p3 at YM? will you forgo the trade? in that case do you think RT bo with increasing volume...
:) Getting this, it feels like real money in the pocket.
cnms2, will you hold at this seemingly RTL bounce point because of the VE?
Should I exit/reverse when SS indicates change in my trading resolution? or do I wait for the bar close? I thought we just need to focus and...
cnms2, what does that mean exactly? Thank you.
Then I guess the "hedging" will have the some effect as "exit and enter", it's not SCT anymore.
Thanks to the helpful advices from spyder and others, I was NOT trading at those difficult areas ( luckily ). But just curious. does anyone...
the volume is high, let's assume for a the sake of the discussion it's a normal afternoon session instead of lunch time. <img...
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