Anek, firstly I'd like to congratulate you on a fantastic thread... thank you for all your work. I have one question if I may... do you take breakouts of small sym triangles which are inside of a bigger sym triangle?
Saxon, Thanks for the kind comments. Beer and NYC sounds great to me, I might take you up on that offer as it is a city I frequent often, walking the children in Central Park is just priceless stuff, during Xmas time, it just melts your heart. As far as your BB question..... If you like them use them as a volatility indicator, everything else it's not that hot as far ar the BB goes. However, if they help your trading that much, by all means keep using them. Anek
Jerry, Simulator for six month, no less. It has been posted before but I don't want anyone running before crawling. Best of luck/skill. Anek
You are welcome, glad to hear positive feedback. Remember what my motto is, small stops, small wins, break evens and to the moon on the rest. Anek
Thank you, as I said in the past, we are all learning here, myself included. I suppose it depends on what frame you are actually trading. Remember that a Symm breakout with the trend has greater chances of success than one against it. Anek
A. You probably have answered this several times, but again, When playing a HH/HL setup for a change in trend. Is there an amount of pullback for the second HL that would keep you from taking that trade? For example, if a pullback is greater than 50%, do you find the rate of success diminishes over ones that may pullback only to the support of the previous HH? I played today badly, If you chart of today contains any lessons, they would be appreciated. D.
got it, thanks. Currently watching NQ on 100 & 1500 tick charts. Saw the "big ass" sym triangle on the 1500 tick and also smaller triangles in the 100 tick. That's why I was uncertain. Cheers.
FWIW, NQ daily has a nice break of resistance. So that big honkin' Triangle might become bullish. Although I caution myself to the idea of price wanting to test its new support. ...just thoughts. -Tech
B, I had some patterns fail today, the day was very brutal but that's quite alright because the stops are nothing to cry home about. I think today was one of the ugliest trading days in a long time. However, there are always scalping opportunities. You know the paintbars I use are a close above previous high and a close below previous low. Well, when you combine this with Trendline support or resistance you get a nice scalping system because the stop is very small and the reward is quite high. Attached please find some of the scalps I did today on the NQ. Many worked great on ER2 and ES as well and at one point I had the same play on all three indexes at the same time, felt funny, but good stuff, minimal risk, great reward, just like I like it. I don't think I had one fail today. Hope it helps. Anek