Keep it simple. You should look at gaps relative to previous day High, Low, and Close.
I don't use floor trader's pivots. Without getting into specifics my S/R levels are dynamic.
When price breaks through two support or resistance areas without a significant pullback itâs an extreme day. My current plan to mange this is...
Martys, Iâm also a counter trend trader; therefore, we have similar challenges. Unlike your method my entries are not always perfect, because...
Counter trend traders have to be extremely conservative when the FOMC puts out info, or stop trading a couple of hours before the info is released.
Scaling in or out (averaging up or down) is an art; therefore it shouldnât be done randomly. In short, if you donât know what youâre doing...
Iâm not looking for it, but want to avoid (being on the wrong side) those occasional freight trains.
e-Mini S&P 500
I understand what you guys are saying; however, Iâm just looking for a better way to mitigate risk, for a counter trend method that is working...
So, are you saying I should only focus on probabilities and shouldnât be concerned with adapting to market conditions?
Thanks!!!
Maybe I missed them when I did my initial search; however, I would appreciate it if you could point me in the right direction by recommending a...
FYI: Conditions Preceding a Trend Day Several key price patterns can serve as alerts to the potential for significant range expansion:...
Coolweb, Based on the following website less than 14% of trading days are inside days: http://www.dailyspeculations.com/vic/inside_day.html...
How do you define inside days and when they will occur?
My bread and butter method works best when price is range bound; therefore, I have to make sure Iâm on the freight train instead of in front of it.
Another way of looking at it is: What filters do you use to determine when it's appropriate to trade pullbacks to a MA, similar to easyrider's...
Another way to us the ADX indicator: http://www.s108395813.onlinehome.us/enthios/charts/adxtrend.htm
To date, I use two tools to help me determine if price will trend or is range bound. 1. I noticed if price is gapped up or down, at the open...
You should explore all the free options first before paying for a service. For example the following: http://dacharts.com
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