My first trade of the day, pre-market. Trading pre-market gives you a lot of time to make decisions as the market moves a lot slower.
Hi All, Great thread started by jjrvat. He suggests using a 240 WMA as a 'line in the sand' for deciding on longs or shorts. I've found the 100 WMA works really well for me. An old friend you might say. Here are my 2 morning trades:
My trades for this morning.... nothing after this due to lack of good trends... after the fact, I realized that I probably should have used targets for exit rather than trailing stops. Cheers toucan
Trend started down again after lunch so I started trading again... the pm was spread out too far for a good picture so here is part 1 of the pm trades.... part 2 in next post. cheers toucan
Today US afternoon. I couldnât resist posting this chart today. Who can believe you can trade +/- 35 full ES points in less than 3 hours with a 1 min chart (Given the current conditions on the markets the usual ânoisyâ 1 min chart is efficient) ⦠Enjoy this real live textbook chart of how discipline and consistency pay off. jjrvat
^ jjrvat, thanks very much for posting that chart. Also, check your PMs Also, how are you entering on the candle that changes to red downslope? Isn't the earliest one can enter at the beginning of the candle after the confirmed trend change? edit - or are those arrows drawn on after the fact and don't represent entries (wondering because I don't see any up arrows for exits ) What settings are you using? I see at 20:11 the candles changed to blue but the slope of the fastMA didn't.