Did you back test using them as an indicator to buy/sell random retracements/extensions, or use them more as a measurement aid within your trading...
If you say so, but the OP started this thread talking about interesting ideas Brooks has for scalping. That is one of them.
To you. A failed failure is just a breakout pullback. If the breakout pullback doesn't have follow-thru and then fails...that's 3 failures. On a...
I'm still connected. I had some intermittent connection issues a few weeks ago but all has been good recently.
Others call that a double top.
A test of the prior extreme is always plausible, but the bull response to that break of the trendline & 4 bear bars closing on their lows was...
While you're trading MES keep an eye on what happens at/after the 1:1 for both long/short entry signals.
The trend line broke with good momentum and price tested the tight opening range that had lots of overlapping bars with wicks (that also opened at...
Volpri's journal is a good primer ("Techniques for Day Trading the...")
Don't move your stop, I need my fill at 77
FWIW, some more subjective lines. We overshot the channel line. [ATTACH]
Agreed, but that's also where context & risk allowance come into play. Trading bigger size to scalp part and swing the rest (in the right context)...
How do you like Edgewonk? I couldn't get past having to manually input all of my trades (NT user) when I looked at it (vs the ease of Tradervue...
Yes it did. The first 15 minutes largely overlapped so chances were higher there would be 2-sided trading. Here we are almost 30min to the close...
The first 15 minutes RTH will typically show you if there's going to be a trend from the open or broader 2-sided trading in the MES.
If you're not sure if you can follow your rules on game day, why not continue to test & drill them into reflex in practice? You can accomplish a...
I don't do this for a living yet, but 50% for retracements and projections have definitely been a sweet spot for me as well vs fib numbers. It's...
...or technical analysis and probabilities
To the OP, I only trade intraday and set targets based on the type of day. My decision-making is based on the first 15min of PA until proven...
Context is more important than one basic rule. As a beginner, you're going to want that at an absolute minimum, but you're going to lose a lot...
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