There is something to be learned from observing even cockroaches. For one thing, how to maintain an environment free of vermin. Or in the case of ET cockroaches, how to avoid pitfalls of belief that lead to cockroach-like behavior. Personally, I find Mikey benign for a detractor, and entertaining at times. Although I gotta admit, "Mikey the Cockroach" has a ring to it. Cheers.
Just to be clear my charts always have space on the right, although the attach does not show it. Look at the 11:15 and 14:45 bar for the 2 bar deal. Savvy posted a chart on page 97 and says he entered. My first thought was that would be my exit/reversal. Entry should have been 3 bars earlier. That hopefully is what we can expand on, I think this thread should be titled "Do I work in Trendlines". What ya say Mak?
Just a suugestion, Moz. Intraday trendlines are one helluva lot cleaner and easier to draw in a one minute chart. IMO promoting five minute is one of the disservices Jack does.
Mikey, perhaps you should stick to something you're good at. Like entertaining fat girls. The 5m is a neat place to monitor the ES. 81 bars set the boundary for the day. I like to play the first 20-24 and break afterwards. There are two degrees of trend visible on the intraday 5 at all times. I make money on one and use the smaller for timing. They fit nicely with the larger fractals when looking interday. Hair trigger and inexperience are brothers. The 1m is not where I would recommend monitoring.
Icky. I, like Jack, repeat myself endlessly. I adjust the one minute time scale so that the whole day will fill the screen at the session's end. I slide the open over to the left side to try to achieve precognition of how the day will flow, with special attention to where price is relative to the Vee-Wop. The selection of time frame dramatically influences how the candles will look. Five minute is undersampling (this for those of you who are information theory experts and understand such things). That timeframe often distorts perception of what is really happening to price. And one-minute makes you very mindful of your rules (that is, assuming you have any) on what magnitude of contrary move allows you to update a trend line. Jack talks about recognizing what is going on inside a bar. Why the fuck would I strain my old brain to do that when I can see it all perfectly clearly in one minute? That's my major Jack objection. He makes it too hard. The only thing I want hard in my life is my dick. Mikey.
I know from other efforts in my life that in order for one to succeed at any endeavor they must have a positive outlook on a positive result. IMO ruining the positive outlook is the disservice you fling about. Still at top of R following a low volume P.M. Sharing a convention of the 60,15,5, and 2 also facilitates communication.
Moz. I am so sorry that you think that. If you would bother to read my illustrious posting history, and that of my legion of aliases, you would see that many times I have passed on what I considered to be trading and trading psychology wisdom. Also, you would have seen that I post execution reports. VERY few people here do that. So even if you think I am a jerk, I am a jerk who verifiably TRADES. As opposed to Jack. Who may be only a jerk. I keep hammering away at what seems to me to be obvious but to which most Jackanapes are blind: a trading method has clearly defined rules. If they are sufficiently well formed, one can write trading algorithms using them. One may or may not be able to reliably test the profitability of them, but at least you have fast-and-hard (unnnnh!) rules to trade by. Jack is mushy. You will see that as he continues to post. He neatly sidestepped a simple algorithmic question a few of his posts back. You don't believe me? YOU try to pin him down! Mike.