Recently I have abandon trying to trade FTT's and rely on PT3's for all entries because at present I cannot accurately identify them, I see them...
Of this I have no doubts :D
I have a feeling that my maroon RTL was incorrect because I missed the up move due the fact that price BO'd this channel on decreasing volume....
This is not the case with me. When I was trading live (pre JHM) I was more apprehensive than when I simulate, but even now (simulating) I am...
Re-annotated this evening. Hope they are of some use.
Trades for the day (cutting out early to hit the slopes :D).. Trade: Long @ 11:11 1417.50 Reversed Short @ 11:16 1417.25 (-.25) Reversed...
I found the 12:25 bar to be difficult to navigate. It formed a sym pennant (w/ the 12:20 bar). Normally I would look for some direction with a...
Spyder, Just to be clear, if the 12:00 bar had actually exited the lateral, then it would have had a better claim to be a PT3?
Unfortunately no. I still wallow in the entry/exit syndrome :(.
A strange day indeed. I began the day by trying to implement the drill suggested by Spyder. At some point in the morning I decided I did not...
Unfortunately for me I was on "break" (union rules :D)due to the low volume preceding that.
Thanks all for the comments and suggestions (except for Tikitrader's innate ability to be a relaxed trader :p) I will report back on my findings...
I am still on the simulator. Having blown through two accounts to date (pre JHM) I do not see the logic in going live until I have internalized...
How bout them Cowboys! Agreed, when I am on my game and committed to do what the market says and not give in to what I want, I exit when the...
Tums, That is a beautiful and inspirational sentiment but (just speaking for me), not realistic. At my current level I am not that adept at...
Padawan, My take on SCT is just that one is always in the market making determinations when to reverse and when to continue to hold. One will...
Where I agree and indeed envy those would exercise SCT (or some close approximation of it) I am far away from acquiring that ability. At my...
there in lies the rub Ivo :D
Padawan, On the 5 min. chart (I don't use the 15 min) the 14:50 showed slowing red volume at a daily pivot point as well as a RTL (bright...
I am a little embarrassed to admit this, but I missed the entire down move (except for at the very last PT3) because I refused to enter short in...
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