short here at 1296.75 --one unit bearish divergence in both histogram and RSI--using 3 minute chart against george's advice for longer term chart for now. RSI also featured a failure swing. Need to break 1296 here which is the 20 period MA.--Negative for the trade of course is the rising MA .
no. my goal is to probe until a reversal with decent trend appears and then let it run. Also, I like to add to the next trade size when stopped out.
If you were trading multiple lots now, say 20 would be your maximum position size, how many would you have traded now considering the strength of your signal?
b1b2...........let me say that i trade ym only now.........have traded too many tiems the es and nq as i was developing system an dit took too much from me as system was evolving........financially and emotionally.........all my fault......greed has never bgeen by problem......ignorance is.....all i say is really YM pertinent........but fits others with adjustments......please don't be offended as i am a little bit on edge and think grandpa is supposed to lead the way.........excuse please......
Good question. I always start with one unit no matter what the signal strength might be. I haven't gotten that far in my intraday analysis to determine strength of signals, so I take each signal and add when stopped out. Eventually I catch the strongest one. If I had to guess though, I would say the signals on larger time frames are strongest and this was on the 3 minute chart.