Calling it a day. I felt wiser today even though I made some good mistakes to learn off of. 4 trades. 1 winner. 3 losers (should be 2 losers) My chart has comments. Today felt good based on my learning curve. -Tech
Anek, If you had to rank the setups based on order of strength, how would you rank them? My mind says: 1) Double Tops/Bottoms 2) Breaks of sym triangles 3) 2 HH/LL 4) The 1-2-3 Pattern Did I miss any?
Double Bottoms and Double Tops played correctly are by far the most rewarding and safe patterns in trading *if* done correctly. Logical stops Good Accuracy Great risk vs reward Price action for targets If a trader fails to scalp the market correctly only trading DB/DTs on multiple e-minis to improve the spawn rate would be enough for a very profitable living. I know plenty of traders who live off them. Anek
1) Double Tops / Double Bottoms 2) Rectangle/Horizontal breakouts 3) Flags 4) Triangles 5) Failed head and shoulders That would be my order, personal opinion of course. Anek
That change of margin message I got seems to have gone away. Makes me nervous to get any kind of flashing message that says "MARGIN", kind of the feeling I get when there is no more beer in the frig. 1 quick trade today +1 nq. Using real money now.
A. Is this the correct interpretation of the early day triangle on the nq? And how would or did you play the triple top?