Hello All I am from India and trade the Nifty (the index future of NSE). After struggling for about two years with all sort of indicators and systems, I finally shifted to trading based on pivots highs and lows. Two weeks back I came across this journal. I have been following it since then and have read through it a couple of times. Thanks Anek for such a wonderful effort. A best example of KISS principle. The images of the structure uploaded by rn86 were really helpful to me. Thanks rn86 for the same. Best Wishes
Hello Tech Can you point out how I can do sim trading on NQ or ES, it will help me get more screen time. Thanks Best Wishes
Increase Accuracy By now you should know I'm a fan of closing bars to get some kind of confirmation when breaking support or resistance. Well, I will extend this a bit further, the closing bar TYPE matters. You can apply this to support, resistance, trendlines, symmetric triangles, etc. Attached a simple illustration from today. Ok, *maybe* this is my last post before vacation Au revoir Anek
I'm interpreting this as to say that the less or no wick on confirmation candles the better(stronger). Am I far off? -Tech
Its like watching paint dry on the YM and ES !! No trades this afternoon and only one this morning for +9 . This stuff gets awful boring sometimes. Just part of the game I guess. damn gotta shake my leg right now its starting to fall asleep.UHGGGH
Since the close is so important I dont know how one would use, at least reliably, TS data using volume bars. I would think that your system would be much more accurate if using more accurate and correct volume bars.
Yeah I was thinking the same earlier but thus far it has not affected me. Still going to run MC on demo soon here. ~Cx
Hi, Net $13 on NQ, traded ok today, added on one long and it came back to just stop me out break even.....I think like 1/2 point or whatever cost me like $300 as it proceeded to rocket from there and I was in double size....oh well, happens Did nicely on some GS trades. Take care all, gone until next week Wed. Cheers