I don't even dare say my stop out loud in fear the "market makers" are reading my posts. They're out to get me some days. I'm sure of it.
for me intraday, 13.5k works better. how do you use 45k, whats the point range on the candles. for long term direction 45k seems useful but does it have intraday uses?
ha ha i feel you brother, happens to me all the time. thats why these days need mental stop or precision entry. but playing safe with stop is aways better.
I'm not a scalper but my trades are modest momentum impulse moves. The three time frames, 15,45 and 13.5 have to agree with a combination of momentum and PA. And yes, the higher the tf the more powerful. I don't like to sit through pullbacks and backfill....just a personal thing. We each have to have a methodology that fits our individual temperaments.
still no bearish intervention. looks like 3002.50 is in the works, unless bears come out in numbers. btw chart changed, 3k is not resistance while 99.25 is new support.
1500, 4500 and 13500...I do make adjustments based on current volatility and will go up to 3000, 9000 and 27000
i will keep that strategy in mind, i am also tired of scalping right now, trying to go for atleast 4-8 points depending on the range for the day. yes the whiplash back and forth i am trying to look past it. thanks.
still no bears as we speak, but offload 1 @ 1.5 and 1 contract will hold till bears are in sight . could be soon 02.50 in MHO.