I sort of feel that way with my ES simming. Though I'm stuck in a rut just below breakeven, rather than above. I use TICK and volume-spread...
I really like the stop-and-reverse idea because it potentially profits from pattern failure. Just as everyone who saw the obvious pattern is...
Awesome stuff, NoD. I'm truly in awe of you traders who can run all these if-then statements through your mind and still keep a clear head in...
Here's another. [img] I got the long entry at 3am off the purple channel. I went long again at 4:30. Stopped out and reversed to short....
Ok, so once price breaks the level in question it should not dip back inside that level by more than a couple of ticks. Is that right? But...
Yeah, you'd have been stopped on the long and on a stop-and-reverse short as well. A doji bar with long wicks on both ends was the culprit....
Thanks - that's great info. I'll have to study this some more, and will try more actively monitoring channels and testing possible alternative...
In each case, the trade is at the far right edge of the chart. But yeah, if you use indicators then you wouldn't really be able to honestly say...
Here is what I did. In chart1 I took no action. In chart2 I passed on the long. The reason was because the breakout above purple line...
Another chance to go long at the lower rail of an up channel. This is the fourth touch of the line. Too late in the move, or do you take it?
These are just potential trades I saw during my walkthrough of one days action. Should be interesting to see if anyone else saw anything...
Once again, answer to the last question can be found on the left of the chart. Here, we have price seeming to form a new up channel. The...
FYI - the trade is at the far right edge of the chart in each example. Just in case you didn't know..... Here is the next chart. If you look...
I'm going to do a series of 5 posts to demonstrate what I was thinking/seeing during one of my bar-by-bar walkthroughs. So no one can see what...
Thanks for the walkthrough, NoDoji. Good point on the hindsight, Josh. For now I'm doing bar-by-bar walkthroughs of 6E 5-min charts. I'm...
Thanks for the advice NoDoji. Maccattack was correct in his interpretation. I considered the big green bar to be the confirmation. But I...
Here's one from today. Just watching the 5-min alone. [img] Price closed back inside the up channel on the big green bar. I waited for it...
Just thought I'd throw this out there. I don't want to push it and try counter-trend stuff, but this is 6e trade idea jumped out at me early this...
And here's how it played out. [img] After price broke out of the channel and then dropped sharply back to it just after midnight, I drew in...
Ok, here's today's euro update. I've been wondering if I should put these charts into a separate thread. Maybe something like "Dave's learning...
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