... quote ... the reason i use IF statements is because i trade with odds and probabilities .... look at the price action every option expiry week and tell me there is nothing to be learned
quote... ... pivots points and SR levels and oscillators give hardly any edge at all ... my SR is never going to be the same as anyone on ET... it is unique and powerful ... if you want to intraday swing trade and maximize your potential you MUST accumulate edges from all time frames
quote... .... if themove is explosive to the upside in the morning then the timing window would have the probabilities of a top being put in in the morning ... and vice versa for a big move to the down side
quote... ... you get cynical of clean "c" wave movs over time ... even if it doesn't ED, odds on, you always know after a sharp move off of a ratio ... they will always see who's holding the weak hands on an equally sharp move back ... an old school trader i knew called it the " grand old duke of York "
quote... ... i use one indicator ... ATR ..markets move a certain rate ... traders lose because they cannot pinpoint the speed of a market ... there is no suck thing as over bought or over sold ... study your market in terms of the TIME it takes for price to move a certain DISTANCE
quote ..... 50% retrace and below ... to me means the run can get another leg .... most runs have 3 legs ... so odds are after 2 legs be aware of a reversal ... after 3 legs... take all profits
quote... .... profound SR i focus on in the es is every 10 points ... the ones in between are secondary
quote..... ..... if it goes against you 20 points ..... .put an ice pack on your head and an ice pick in your knee ... and double your position