...i see 1015 as first pullback entry.... ....this 1115 looks like 2nd one ... until possible intraday trend reversal...
Very true, I would have sold half, but in this particular trade I only had 1 contract on, so ya couldn't sell half.
probability sheet I have templates of this sheet I use for trades: 1) is price above or below open 2) is price above yesterdays high or yesterdays low 3) is price near weekly, monthly high or low 4) is price above or below MA's 5) is direction of MA's up or down 6) 60 minute trend up or down (MA's dir good enough) Linear regression on 60 minute bars. 7) last trade bias win or loose. (long or short) which made money. 8) report day? 9) other correlated markets same direction
Nope I didn't take a position. So you are saying 1464 hod on monday enter in long of 1454 today? Basically I'm looking for a decent signal to exit my trend following trades and was interested in perhaps incorporating the rule of 10 in. So still researching before I would do any implementation. Everyone thanks for the follow up on the rule of 10 trades so far.
if you look at price behavior, I consider MA's to be akin to a rugged ship in the sea of volatility. they have their own risk management and directional bias, which are 2 of the most important things needed in a market.
Question to ponder is whether this market will be lifted in the afternoon session or are we going down? My vote is down. However, I still think the market will finish in positive territory (single digits perhaps but in positive).
ben is stubborn as usual in his speech, this stubborness is carrying over to his policy points.. market is getting tired of him. I think he really wants a Great Depression, that he can revel in.