this has been a pretty good thread so far.. im on here to learn so im more of a listener than a contributor, but... i think trading breakouts...
im trying to figure out how to enter..... i want to look into entering on a 5min close past S/R line. S/R line is hourly...
thats a good quote. im listening to the news and following the trend....i think im doing what you said. i have been trading NQ, but i think...
5 point stop seems to be working pretty good on NQ. if i get stopped out price usually just goes nuts the other way.... sometimes i stretch it...
.....i should probably just go with the news whether its a trend reversal or not
.....i meant, when the news helps create a reversal, i should try to get in
cnbc seems to be mostly garbage/pointless blabbering....like the older heavy-set guy who cohosts in the mornings, he acts like there is no point...
I think i like drawing just horizontal lines for the S/R.......drawing diagonal "trend lines" end up confusing me too much. and pretty much...
anyone who says uhhhhhh... a lot doesnt know that much about the subject, but if you are careful with your words and talk really slowwww, the...
with that kind of money, you could start your own GET RICH QUICK infomercial :D
politics is just another business. anyone who gets emotional over it just doesnt understand. politicians are actors who "care". the politicians...
aint that the truth. not getting in is about 90% of what im learning. if i could get 75% of my trades to work, like you do, then i would be...
i have heard several traders say they strictly trade mornings...basically the first 2 hrs (9:30 est - 11:30 est). And others trade mornings and...
thanks GC i want to do what others do (strength in numbers). I see it all the time with pivot points, and most huge breakouts have TL's...
ok forget those rules... i was enlightened on entering Breakouts that go with the prevailing trend. and that concept kinda blows my rules down....
miguel do you want your indicators to show strength leading up to the breakout....is that how you use them? that simple?
i like congestion breakouts....its similar to triangle/wedge patterns. here is an example of a potential trade coming up in gold futures......
when entering on breakouts of hourly trendlines, i think i found 4 rules to follow that improve my chances of a good trade... 1)price needs to...
i have been watching U.S. Dollar futures and a couple other currency futures.....i dont want to trade actual FX spot rates or pairs. i think if i...
i think i will watch several of the "cheaper" futures such as corn, wheat, gold and euros. their low margins mean i could practice longer yet...
Separate names with a comma.