30m RTH chart showing gap fill. so now what? well there's the central pivot @ 9314.25, the 20ema, and the there's confluence with S1 pivot and...
somewhat messy daily chart but shows present swing excursion with fib and common retracement levels. more confluence with 38.2 level prior...
here, i've moved my PT down to central pivot on RTH @ 9314ish and will play my SL close if things change. they always do. [IMG]
market internals early on. VIX negative but not enough to weigh much on my decisions. i.e., when it's between +/- 4% there doesn't seem to be...
30m chart on RTH after moving stop to BE. seeing a possible gap fill and eyeing central pivot at 9314.25. again, confluence of 20ema on 30m RTH...
1st pic on 60m showing initial entry with SL and PT. note, PT is sitting on top of prior day hi indicator so the chart trader marker obscures it...
thought i would post update while i have a moment. still short but might be at a decision point as price has retraced back to my original reward...
took a short today and will post some more on it later. only 1 contract on MNQ but will explain my reasoning on why i didn't take 3 contracts...
i don't know other than not all breakouts are created equal. also, my win rate on breakouts may very well be 35-40% and other trades make up the...
i trade breakouts on 1-2-3 (some call it abc) patterns). those seem to be the most frequent but occasionally there will be a consolidation...
yes and thank you, it was a good trade and pretty much a textbook example. i guess if anything the posts document my attempts at managing a...
hi wrbtrader and thanks for stopping by and thank you for your comments! re: market depth, i have studied it for a LONG time and always got some...
ok, i lied. i just remembered one other thing about this trade worth mentioning. this trade was sort of a 2nd chance to the one that i missed on...
and here it is. show's over. screen shot shows exit point. 1 trade, one contract for $165 bucks. [IMG]
this shot shows the aforementioned duct-tape trailing stop in action. yes, this time working FOR me instead of against. it is doing it's job to...
this pic is just to show some of the same hot-spots i was watching in case the FOMO crowd showed up and exuberance caused old faithful pop....
a bit hesitant to post this cuz it may not make sense but i took a screen shot of me attaching my stop loss to a lower 1 period donchian channel...
prior to moving stop i'm checking under the hood so-to-speak at multiple time-frame charts (5,15,30,60) just to see what's going on and all of...
trying to post these in sequence so here's the next shot showing where i move stop up to a swing low. i know not technically a swing low but it...
yes, this daily chart looks messy but take away the moving averages and Donchian channel and it has 2 fib drawings and a couple horizontal lines...
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