Chris - you are 100% correct - it is 100% the excalibur method. I use it as a secondary method usually when the market gets away from me. I only use the pivots to determine initial bias. I bumped the EMA up to 21 just because it was a fib number but there really is not much difference in 20 or 21. So I assume you trade pure price action off of the EMA? What vehicle and how many trades/day? My virgin price points are essentially virgin POC's taken from TPO charts. cheers!
I have no virgin buy zones today and only one sell zone. Sell virgin @ 117'035 note: Daily Pivot Point is 117'03
enochb.... Yes for the most part - ZN and ZB - if I do as I should generally 5 to 10, depends on how many of the retraces to the 20 ema I am willing to take. Most the time the first 2 work good then the third gets iffy. Sometimes I get bored and change the time frame and get myself in trouble - boredom! Make 'em pretty, Chris
Hmmmm.... ZB - have not touched it in a while. How has it been since the Aug 31 switch back? As far as boredom... that's why I started this journal - to keep me honest and out of trouble when I get bored. cheers!
ZB - I am currently using it mostly for a longer type day trade - breakout - Depth has improved (combined two levels into one) but I'm not real sure that volume has seen any benefits - still about half or less than the ZF.
stepped in front of a freight train and got smashed. the worst part is i saw her coming and looked her in the eye as she flattened me!
There is a virgin @ 117'035 but for some reason I am not too comfortable buying it. We will see if my gut was right this morning when equities open.