Yes, this is the case. Wyckoff looked at bigger picture with accumulations taking many days or weeks. These accumulations, and distributions by...
Certainly. It is risk management and also reward management. Prudent use of capital is risking less than 2% of Total Liquid Net Worth on any one...
There is another item worth mentioning here. --and that is that I am not afraid to let everyone see the losses. I show you when I have a trade go...
Nice trade Romy
Excellent posting. You've hit the nail on the head about defining trend on daily and it's one of the items that the new traders need to understand...
Just a quick mention here of risk management. The last few trades have been losses. The total loss on these trades adds up to less than 2 percent...
--03/18/15 am now short from 2059.00. Initial buy stop is 2077.25 and I will reverse long there. --03/18/15 RTH Stopped out long and reversed long...
This is a great plan. Use the 60 for your overall trend and then drill down to the 15 and the 5 for confirmation. Make your trades in the...
Yes--very astute point. It's the momentum behavior around levels that is the determinant. Good catch.
This is exactly right. Need prudent use of capital though as well. That needs to be paramount.
Current Journal Tally 174 trades 94 wins 80 losses 54.02% Total net profit after commissions $73,234.72
--03/17/15 Tues Afterhours PM. Price is 2066.50. I was stopped out and reversed long at 2069.50. My initial sell stop for this is 2059.00 and I...
I was wondering that myself. The lines appear to be drawn in an arbitrary manner. Not certain what the discrepancy is either.
Current Journal Tally 173 trades 94 wins 79 losses 54.33% Total net profit after commissions $73,782.25
--03/15/15 Sun Afterhours PM. Short 2039.00 basis June . Initial stop is 2076.00 --03/16/15 Mon Afterhours PM. Price is 2065.00 . Will maintain...
15 currently not in agreement with the 5 or the 1. Bounces will be better and more sustained typically when they all agree. It can happen without...
another upside reversal on the 1 minute. Do the 5 and 15 agree? The 5 does, but the 15 does not yet. Caution would be taken, but this one may...
When the three charts agree (upside reversal or trend on 15, upside reversal or trend on 5 and oversold conditions on the 1), then trades can be...
For example, you have an upside reversal signal on the 1 minute chart right now. Should you take it? Perhaps but you would be extremely cautious...
Separate names with a comma.