thx all fpr replay... For daytrading... The reason I like DJIA candlestick chart is because of less noise.... I thought if I can reproduce...
I want to trade candlestick chart similar to DJIA ( no dividends ) ...as day trading or max overnight tading..... so I really don't care about...
What I mean is I understand DJIA technically using candlestick bar charts and not fundamentally. My fundamental knowledge is weak but I understand...
I have been watching DJIA index for quiet a long time. I think I understand this chart well. My issue is I understand DJIA cannot be traded....
Yes so far I concentrated on trending and reversal signals overall , new weekend task to identify channels and run atleast visual backtests ......
price actions does not look good to me but it did respect the 87.27 resistance...
InvestVision, sorry for my lack of knowledge, if possible can you please explain what you mean by "5 MM build up" did you mean crude...
lessons learnt thx.
Exit for 1 tick Tried Break Down trade but instead of 86.40 selected the wrong price 86.29 , lost 10 ticks in that failed BO trade.
long 86.52 10 tick stop, 20 ticks target
before I started trading SIM I made a rule, trade only while trending and avoid choppy sessions. I think half the battle is won by avoiding choppy...
This is a time to test my patience
price action not looking good to me
SIM over confidence got me Net = + $ 723
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