Very incorrect and I can prove it easily /after trading/. If we speak about contratrend daytrading, it s often very easy and exact to gues where the trend exaustion will end. I am often able to do it to the tick. On contrary, pulback in trend are or round and lasting many minutes, unsharp /may be 1 second stop run from it/, or so quick that is impossible take position /I call this type of PA attacking wedge - price jumps from it in hourly trend direction/ Oldtrader using 1 tick chart knows for sure about what I am speaking. Contatrend stops can be as tight as few ticks /if you are wrong you do not want another legs against you/, if you are correct there will be just few tick jump against you, and the trend trades need WIIIDE stop /nobody can tell exactly for example when my attacikng wedge is ending/
No doubt, I didn't move the market. But when it came within a tick from your stop, I probably did think long and hard about taking you out. After all, it doesn't require much to achieve that. Just 1 contract. Suffice to say, I don't think it really matters to anyone else whether I post my stops or not. At the end of the day, the only person in this entire forum who actually gives a fuck about whether I made money or not is ME!
This market is nuts, 25 points up 10 points down 6 points up (6points up in 30 seconds). These are weekly movements before the shit hit the fan...
No kidding. ---I am not talking about entering at the end of the trend. I am talking about trading pullback and retracements within an existing trend
I never read your post, I am just exhausted from these markets and trying to figure out the next 20 point move.... edit Sorry i see the confusion i answered your post, sorry was not a response to you just an error on my part..
Me too. I am speaking about movements lasting mostly tens of minutes. To see trend without very strong pullback longer than 2 hours is rare these days. With another words -+ trend is by me something not longer than very few hours. Than it makes big pulback that will have inside tradable pulbacks as well and must be considered like new hourtrend /today by es you have every 10 minutes opportunity get 3 point moves as minimum 2-3x during that period/ I speak about daytrading, not swing.
One question more. Where is the daytrend right now? Up following todays earlied action or down sliding whole week? If I enter now, what is trend and what contrathend trade /1230 ES/