Here's a quick weekend read on some psychological stuff. Banjo was a former nasdaq MM, now a fulltime NQ trader.
Some frequent questions on 123 Here is where stealth trader talks about hes method on 10k ES Vol bars. http://www.elitetrader.com/vb/showthread.php?s=&postid=1557661&highlight=#post1557661
Anek,Jaxon - thanks for the answer.. At the moment Vic's 2B, dragon,MS,opening range pivot, pipes are my favourites. Right after I bought the book I saw Vic's 2B bullish, took it and it immediately covered the cost of the book..happy to have it ..cheers
At that time I would use the blue line as a support /resistance . You are dealing with the longer term up trend and short term down trend( pull back). They are both valid , it just depends on what time frame do you trade . You can be selling from upper trendline, covering and buying from the blue line etc.. In reality ,it is end of the day and I would be out already .
Hi Guys, Thanks for attending my online webinar "Trade Chart Patterns Like The Pros" on Dec. 7, 2007. I'll be presenting various free online webinars on 'Patterns Recognition/Trading' soon. Pl. look for announcements... Thanks again! regards, Suri
Thanks BB and ST! Very helpful! I am refining this strategy initially taught by Piscuy! Works well when I follow the rules. I run into trouble when I start getting greedy and try to get rich in one day...I must stop looking at PL and just follow the rules. It sure sounds simple, but discipline to adhere when the ego speaks must be implemented, or else I lose. Thanks again!
Hey Fish, How are you determining when to take your profits? Do you have a set point or are you using break of previous bars highs and lows? Piscuy I'm curious how you decide when you take your profits too. Any advice from either of you?