I've had good results with tightening my stop to 2.5pts (one tick inside the opening range) as soon as a completed 3min bar has completely cleared...
I agree with that, though I might quibble about whether it's a key to success or a byproduct of it... I'm not sure.
I understand what you're saying. Teresa would often comment about days like this, how non-trading folks would look at EOD and say "wow, you must...
If you backtest this stuff, you'll find that days when price takes off and never looks back are rare. Right, which is why I don't think it's a...
This morning appears to be another good example of when to pass on a 33min ORB entry. I took the long at 1064.00 (on paper only), but knew as I...
Even in hindsight it just looks like crap to me.
At what point did you start to sense that today would be a mess? Any cautionary hints going into the open, any specific measures you take under...
Not exactly, I got short a little late after it came back into the OR. Ended up being stopped out at BE. Did you pass on the BO long at...
I think it's interesting to note that today's OR was entirely within yesterday's OR. This might not seem all that significant considering that...
It's not strange, it was all arranged for my benefit (educational, not financial). :cool: I was right there on top of that late afternoon ORB...
My personal preference is definitely for simple rules that are as mechanical, objective and unambiguous as possible. The less the seat of my pants...
My real time paper trading this last week revealed mindless complications undermining my work, rather than mindful simplicity. This weekend I...
I know this is a huge complication, but I would suggest using a 33min range on days with 10am reports.
Did it say enough for you to get an early entry? I didn't take the BO so I entered on retracement at 1062.00. Are you still targeting...
And the pause here at yesterday's high is not unexpected. Failure would not be a surprise either.
I can understand that, but I can't relate to it. Somehow, patterns and indicators always confused the hell out of me and made me feel like I...
Like to see you present a more mechanical system that is simpler, but doesn't have huge drawdowns or gut-wrenching stops, or overnight holds, or...
I think it would make sense to move initial stop to BE after the TL clears the entry point enough to make that possible. This should have the...
That makes sense. On Friday it seemed to come out about the same anyway (a full tick breach of the upper 5wma3min band would've stopped me out at...
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