This is the Key to the Kingdom :)
On Suntrader's 5-min chart, price moved down from ~ 4591 to 4563 (28 pts), so I subtracted 28 pts from the pullback swing high around 11:25 and...
Previous day's levels are whatever you choose to use; I don't trade those levels so I don't know which gets the most attention, overnight levels...
I work in the energy field :cool:
Th far more important question is "Was I short at 4569 and targeting a measured move around 4547 or better?"
And you want to very careful not to take financial advice from a Leo with the moon in Uranus because he's a lion ass :D
Thanks a lot! Now the edge inherent in trading by the Moon will be diluted to the point it's no longer a valid method. Now I have to go back to my...
It's very easy and comfortable to take action when we believe in something, even if there's no statistical evidence backing what we believe in....
k p, plenty of algos utilize "key" levels unrelated to trend lines, horizontal support/resistance (previous swing highs/lows or range extremes)...
Yes, by Al Gore :D
And there's the risk element. If you made $2000 profit to my $1000 profit by trading 15 contracts while I traded 2 contracts in a simulated...
"We didn't lose the game; we just ran out of time." Vince Lombardi
Not at all. If you're working on an assembly line, you start your shift and you know you absolutely have to do your part over and over again or...
Use bracket orders for your stop loss and profit target and set a sound alert for when one of them fills. Place the entry order and walk away...
Without a thorough understanding of, and total acceptance of, this concept, a trader is doomed to either failure or an eternal quest for a Holy Grail.
Separate names with a comma.