You have my blessing. But must you buck the trend. Why not let the price tell you which direction to flip as you so eloquently stated? I can care less whether the market soars to another high or plummets to its grave. Come rain, come shine, just show me the money baby!
that turn today was nice.the 9;00 was nicer and smoother result........but i don't understand why a trader cares bout times...when a good system gives the entry, buy or sell....WHAT IS THE KISS OF DEATH?
ES candle timeframes. Candles are better for looking at where the market opened and closed on each bar.
thankfully everything works together for the overall good: winners need the fader's stop loss orders to sustain the primary trend, and the nimble faders make or lose their 3 or 4 ticks all along the way using vol's "rule of 10" paradigm: faders wait for the rule of 10 then enter, winners make the rule of 10 then exit applies equally to all of these time of day reversal points, where the market moves 8 points while the faders are waiting for 10:30 to roll around on the clock
Uhm, I guess I'm late to the scene to know what the "rule of 10" is. Can I get a pointer on what this holy grail is all about?
volente a resident on this thread uses this method whereby one fades the move after a 10 point move in ES intraday, usually for 2 points or more.
from the first live trades volente called a couple of years back he was in trouble with stops....to blindly enter as u say, if that is it, is still in trouble with stops.unless entering dips and rallies.....why would anyone let a one contract =$500 trade go that much money without entering...please never trade stuff dreamed up here until you have proven it realtime demo...if u are not extremely seasoned trader these low percentage systems will put you into more stress than you probably dreamed possible......by the way, counter trend is super high risk.homerun hoping...get real, go with trend...but then the apex comes along and it looks like most of the counter trend failures just seen and bingo...nobody here can get that one to the tee....close doesn't even matter, but 10 es pts seen before entry is unbelievable. I am pretty sure I gave volente that only it was something like 5 pts maybe or something like that....he is a tenacious little fellow that is why he might succeed....I truly hope he does...times are like S/R...made to be broken......