sim long .75 stop to be - never mind, stopped out be Had offered .01 (best ask) live but didn't get filled, not chasing - really wasting today.
SIM Last week I had decided I will go with the trend only but was still looking at 1 min more often and small stop of 10 ticks. Got screwed. yesterday at one point I was down 900 but later just looking at 5 min chart was able to get back 700. 1 min causes much more trades than required which makes my PnL RED. but on 5 mins I will have to increase my stop which is fine. So today I thought I will only trade looking at 5 min chart and extremely less focus on 1 min.... listening to the Price Action King ( Al brooks ) and Queen ( No Doji ) ... of separate kingdoms..... Today so far only 2 trades and +500
does it not seem the market is forming a base in the 88 level the past week? I think the next move will be to test the 9080 level just thinking out loud
Yeah, I have 88.20, 87.80 and 87.40 all as buy zones (and I try to keep 0.80-1.00 between zones, but there's some congestion here. The question is whether it's consolidation for a push up or distribution before we start tanking. Glad not to be a swing trader here. I'm gonna keep trying buying the bottom (and/or freezing ), I think we're going to rebound to 88.60-ish. I see downside limited to 87.40. Where's NoDoji? She must be fuming with IB's new TWS version.
A simplified market profile, or volume at price if you will, on an hourly chart, basic support and resistance, nothing fancy.