I hope none of you guys got up to go to the beach in the afternoon. Man I wish I had real money on the line today. Today was a kick ass day. I hope you guys made some serious dough. Today was a trend traders dream. By the way, does anyone else use OEC (open e cry)
Hi, Net Gain $156 trading 1 NQ. Was happy with the day but left way too much on the table....oh well... work in progress Did not do too well on GOOG, SPY and about breakeven on AAPL. Cheers
Here is a VERY tricky scenario that I'm posting for observation. Remember that to jump long, and most important after massive downside, you need 2 HHs and 2 HLs or a Double B followed by a HH and HL. I think this situation is peculiar and merits discussion. Anek
Needless to say, react to price when a Double B or a Double T fails. The action can be brutal, as it was this afternoon. Even if the reversal fake out took your small stop the market gave you an even better opportunity after the scenario failed providing massive gains with very little effort. This system protects you from big losses and encourages big wins. Keep studying and learning. Don't let a small stop or a failed scenario get rid of your concentration. We are not shooting for accuracy but for disciplined reaction towards logical price movements. Always readjust, always. Follow price like if it was a girl with a great ass, up and down, wherever "she" goes. Sorry ladies, not sure how to apply to the female point of view Anek
Depends how many bars you require for a swing. After the HH there are a couple of lower bars and a possible move up that would have caught the attention of many for a long entry based on those 2 lower bars Looks like something I may have fallen for.
Yeah, that's kind of what I was asking about a few pages ago. You can run HH HL bar per bar or look at it from each swing/pivot standpoint.
ST, If the indicator is home brewed and 100% based on price action, I'll have to disagree with you.. Needless to say you must pay the price and do massive research even learn how to code them for the chosen platform. "Kill them all except your own" that's what a very respected trader once told me. Took me years to follow his advice. Why are we so stubborn ? I suppose that's a whole new discussion. It's the common crapola that is worthless. Here is how mine keeps me out of trouble and gives me the best entries even when action gets tricky. Anek