NOTE TO SELF - Presently, for me, when trading the U.S. index futures, I think the key is when the "Aqua Line" comes into alignment with the two-hour baseline, with the opposite band of the the triple banded envelope serving as the stop loss.
Actually Overnight is pretty knowledgeable and comes up with some pretty straight up ideas sometimes. You might want to take a peek at what he said. He genuinely likes to help noobs.
Perhaps I might if I wasn't more than happy with the results I get on a daily basis, or if I hadn't figured out why my calculations on the point value of the E-mini Dow wasn't yielding a consistent figure, or if I didn't come up with a solution for my sometimes not being able to execute trades with respect to this or that index future—but none of these things are applicable, and since I don't put anyone on ignore unless I really don't wish to deal with them anymore, I'll just have to make do without.
Was your challenge most helpful? Indeed. Nonetheless, I did not uncover exactly how to "fix" this problem until I identified the second Price as the figure that I needed to be using in my calculations rather than my take-profit target; and having done so, I feel no temptation to take a peek at what Overnight had to say.
Note that I "liked" your entry in Post #111. You explained the problem, but at that point, it was simply theoretical in my mind. I did not know from where you were pulling those numbers. I simply trusted that you knew what you were talking about in that your explanation seemed logical, and I acknowledged that. However, it was not until 17 posts later that I realized which figures I needed to use or look at when pulling from the Account History provided by OANDA. Nonetheless, if it will make you feel better, I didn't figure out anything. It was you who figured out the problem and provided me with the precise steps I needed to take in order to arrive at a solution. I had nothing to do with it. Nothing I did, none of the examining I did of my previous calculations and the information in OANDA's Account History had anything to do with it. You, and only you, deserve all the credit, plain and simple. I repent of having ever suggested otherwise.
Ok as long as you admit you had nothing to do with it and that 5x5 still equals 25. Done and unsubscribed to topic - which you no doubt will be happy about. You seem to enjoy not having any, or very little, respondents on your threads.
I should have gotten back into ZIM around the beginning of last month, but I'm no longer paying any attention to my stock portfolio, having turned all of my attention to taking my activity in the Forex market into (what is for me) uncharted territory... As of today, shares were up to $55.89, more than double what they were when the compay came to my attention back on April 7, 2021. But, I would have unloaded them yesterday for any available gains. The only reason I'm back here today is because I heard something about the indices taking a hit due to the controversy with Evergrande. The way I interpret the markets, once IWM is unable to climb back up above 225.00, the Russell 200 will be full on bearish. The same will be true of the Dow if DIA is unable to climb back above 348.16. To consider the S&P 500 bearish, I would need for SPY to remain below where it is now at $433.63, and the Nasdaq isn't even in bearish territory yet, which I spot down at $361.15 for QQQ.
Year to date those funds are all down many percents (except the gold one), and after our current 5% drop you NOW wish to leap into the short lion's den?