It doesn't look promising. How long do you want to hold this position? 1 week? 1 month? 1 year? ... Anyway, we will monitor your performance.
I will try to cover those instruments : ES , RBOB , NQ. I will start making short videos snaps where i go thru the chart showing history so u can see the history on all timeframes in 1-2 minutes videos. hope this is ok : at least to judge by yourself ?
as i said before : no holy grail out there. btw : i'm a subscriber to iCOT because i find it suits my personality and style. i just find it give me really better risk/reward and it is all about you and you only. iCOT will give you advantage if you really used it well : it is all about how you use it and how you manage your trades for better risk/reawrd (min 1 risk to 2 reward). again - am subscriber to iCOT and not selling it I'm paying for it. I will start making short videos snaps where i go thru the chart showing history so u can see the history on all timeframes in 1-2 minutes videos. hope this is ok : at least to judge by yourself ?
OK. Now I understand you better. Decades ago, I also subscribed to many many paid trading services. This is what I learned : those who cannot trade will teach / sell services / sell books Now talk about SPCE. SPCE reversed direction and went down MASSIVELY starting Feb 2021 due to whatever reasons. and now you are trying to do counter-trend / against the trend / against the herd / kamikaze trading. In trading, we always look for about 60% success rate. You might / might not be successful in this trade. I'd call iCOT trading kamikaze trading. Anyway do your own analysis, and see what suits you. Happy talking to you. All the best mister.
Repeated failures in iCOT (multiples failures red strips) meaning the least resistance path is up : breakout is coming ?
$RBOB Charts with iCOT strips on multi-timeframes : it is how you manage your trades in these timeframes ? the best strips is when multi strips coincide on multi timeframes.
Silver iCOT : Suppose you was stubborn and took each and every green buy trade (green strips) - Normally after 7 strips it will reverse to 50% of previous wave. Silver heading to 25.
RBOB. when iCOT reversal (red strip or green strip) refuse to make a reversal to 50% of previous wave then it is normally a continuation trend and you must join the trend using the yellow dots (extremist on lower level). even thu - after continuous 7-10 strips in a row :it is a reversal ! do the statistics and you will find an edge somehow.