It's the size of your average trade per contract. Let's say you're trading only one lot at a time. On the first trade you get 5 points....
Looked like there was a major battle in the Time & Sales in the consolidation between 889 - 993.
I don't know about that, Dude. I suppose it's good if you're gunning for a few ticks at a time and have a 90%+ accuracy rate. I'm looking for...
Across the past 30 sessions, I'm averaging exactly 1 tick per contract and this makes me feel I'm running way too close to the edge.
Thanks
So you're saying that when price trades at the midpoint of the RTH range by 11:30, there's a good chance it will remain range-bound?
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Today was a decent day for trend traders especially if you trade multiple contracts. I'll post a PDF with images in a few hours to show what I mean.
How many images allowed in a single post?
Great call.
Textbook perfect 1-2-3 pattern with Ross hook confirmation on the 5-min.
Nice call. I waited all freaking day for this.
I have a harder time than usual on days like this. When the market gaps down and tanks right off the open, I end up sitting on my hands, grinding...
Man, are you we going to get even one decent retracement? I've been starting at the screen for over two hours waiting to go short.
Stopped out. I'm done for the day. Finishing with -->$8<--
Long 962 4 point stop; no target
Thanks to everyone who provided input.
austinp, I respect your advice and your posts have helped me immensely over the last 18 months. Let's be frank--the only reason I'm catching...
From what I understand, it's similar to what AMT2SWA said in that you have a mental position trade based on the dailies, hourlies, and 15-min...
Not sure if my winning percentage (~66%) is high enough for that.
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