If You Can Draw A Straight Line . . .

Thanks, I will try the brocoli. Are you daytrading too?

 

Assuming that you're watching all of this in real time, you're going to have to figure out what it is you're afraid of.

 

Yes, all RT but no real money, not sure about what is it I am afraid of, I guess I had been getting burned so many times in the chop, that whenever I find something suspicious I tagg it as chop and wait for a RET after the BO, that ussualy gets me late in the moves.

Not really sure about what you mean about fear though...

 

There's a reason why you're not taking legitimate trades. Either you (a) haven't defined the entry clearly enough, (b) you're afraid of losing, (c) you're afraid of being wrong, (d) . . .. You need to figure out why you're not taking these trades.

 

Niko,

There's a way to figure this out - takes a pencil, paper, and some quiet time sitting..., thinking..., and writing

You want, let me know and I'll PM you the steps...., or post them here if DB approves

RN

 

Why not? It's arguably the most common problem.

 

Thank you, regarding your comments:

a. This is what I have so far:

REV entry:

1. Break of S or D line
2. HL or LH (no DT or DB has to be either higher or lower)
3. Once I spot the HL or the LH I place a Stop Entry above the LSH or below the LSL. (I do it in this way to avoid being absorbed into what can become a hinge, guess this is fear and I should get clearer stats on this. I have seen that you enter before the break so there is something I am missing there.)

RET entry:

I only take RETs after the BO of what I have identified as a TR or a hinge (TR= the light green rectangles I plot in RT) in the 1 min, so after what appears to be a BO i wait for a LH to form to do the same I do in the REV entry.

All the other possible entries are not being taken, because they don´t fit in the setup i just described.

 

Thanks RN, I am all eyes! (I would say ears, but it would be out of context)

 

So assuming you considered the premkt activity between 51 and 54 to be a trading range, why didn't you take the retracement that occurred where you have that first big blue arrow?

 

Because from my perspective (1 min) I consider that RET to be really part of the first downwave, the RET for me was the next one (counterwave). I have been in the 20 tick world for too long and ended up taking a lot of trades, and using my profits to pay commissions. So I decided to take a step back, focus on what is happening in the 1 min and avoid the small pullbacks that I know are there but that don't show up in the 1 min clearly.

I guess this is where fear come into play, I am afraid that because that RET is not significant enough, my rules I will not work so I avoid it instead. I guess I should include that into my backtesting routine and find out on my own.