Is the significance of the circled area that it was a minor double top before the move down? (sorry don't have my charts as I'm out of town). If...
I can't tell maybe because I'm on a phone with a small screen, but did you hand draw that yourself kid? If so do you do that every day? Looks like...
Not sure what you mean, but if "expected value" is long, then aren't the odds actually for it to go up, from your perspective anyway? Either way...
Don't speak for me; perhaps YOU require a live demonstration, but I don't. You use language which attempts to sounds sincere and maybe you...
If odds favor it going down, why do you hold onto a long?
As is my usual behavior of the moment, I shorted 94.21 just before the breakdown at 11:42:10 but closed like a little chicken for +10.
You saw a 900 print on oil? Seriously? I saw a 254 buy earlier, but did not see anything close to 900. EDIT: wait, do you mean on the DOM?...
That second little bounce just now at 12:02pm, is for all the bottom pickers, just to remind them that they aren't fortune tellers.
I used channels to make a nice trade this morning. It's very simple, but powerful. The channel is up from yesterday, yet at 3:45am price failed...
Hopefully retired for good reasons, because you were short on that week and not long! :D
Wow, nice stop placement if you stayed in, talk about taking heat! :-)
Simple yet powerful logic. IIRC, it was bighog (or maybe it was you) in your journal who said, 'if you can time entries well enough to fade...
Not answering for NoDoji, just my own opinion: what I have been doing is to pick one time frame, and try to identify the conditions in THAT time...
I have felt this way and have changed my thinking recently, so I wanted to respond to this. Would you have really traded the pattern, managed it...
Thanks for pointing this out baro-san, and I know this is generally the case. But in this case as you can see in the chart, the structure of the...
I considered this aggressive short, but unfortunately I had no confirmation at that point and the picture was not as clear. Shorting with...
Good stuff, thanks brownsfan. Assuming I am at the computer though, let's say my target is 80 ticks on a trade, initial stop is 15. If it gets...
Cool, thanks for your help! Waiting for a bar close is probably a great step I can take in trying to stop my habit of moving stops early.
Xspurt, I had just drawn the same channel and uploaded it so I might as well post my chart as well. That was my observation--that the channel...
Thanks BCE for the encouragement, I look forward to more feedback, and to your posts.
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