That comes up to about 4 1/2% risk on your margin capital in your last trade. Is that your usual risk per trade?
Possible 2 week H&S, right shoulder forming...
The concept of price trending around a mean makes a lot of sense. Thanks db.
So it doesn't matter if price is making LH,HL or HH,LL the focus should be on the mean until price starts trending again?
Are divergent formations part of AMT?
+1
Thanks ammo, that chart helps a lot.
I don't have a trading plan yet, niko. I'm just testing the general concept of supply/demand lines to see how it works for me.
Here are my trades for today's ES (2K CVB's). Times are MT. There was some arguing... never fun, and also I feel I overtraded a bit. Any...
Working on that Db. I'll give it another try next week see how it goes. Thanks for your comments, they are appreciated.
Waiting for a break of tight s/d lines to exit would be an improvement on the way I do things. I tend to take profits too early and then try to...
Yeah I tried to make it as realistic as possible.
Ok, on the 1 min it becomes apparent that I should have waited for the RET after 13:00. Thnx.
Thanks Db, I can see now I was too eager to short after the break of the fanned demand line, specially in a strong uptrend, but the 12:58...
Here's my take on this method (paper trades) for today's ES starting at about 10:pm MT. Blue dots are trade exits. Yellow line is previous wave...
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