Spyder, A ?. HVS is an even harmonic whether or not it's in a lateral formation. Correct or no? A second ?. Is it your take that "across" an HVS, volume, aside from alternating in direction (which is a requirement), always decreases? TIA lj
I don't follow the logic here, When one trades "at the market" one always "pays" the spread - 1 tick in and 1 tick out. However, so far as I am aware, this will not show up as a loss of $25.00 in your trading account. To treat it as a loss, as opposed to a "gain which can never be realized due to the way I trade" seems to me to be quintessentially negative. One pays a price for immediacy as opposed to "saving" money by being in the limit order book and running the risk of not getting a fill. As opposed to equities it is extremely unlikely that one is going to be able to place a limit order "inside" the BBid/BAsk. So get in quick when the method says you should and forget about the 0.5 points thing. Unless of course you've been very bad and want to punish yourself by thinking about it. If I made 1 point on that trade I have $50 more (minus the broker's vig) and that's what counts.
I feel like I went through a food processor today! Low volatility (compared to earlier this week) and choppy volume made for a tough day of sledding for me.
SCT is a destination, not a process. I am not trading SCT yet. Here is my progress: -- My entries are getting closer to the "best entry point". (a good entry is half a battle won.) -- My exits are extending further everyday. -- There are days on end without experiencing a loss. Even my washes make money. (YES ! it is possible.) I will arrive at my SCT destination when: 1. My entries are consistently near the "best possible" entry point. (your debrief will tell you how you are doing.) 2. My exits are extended to the "best possible" exit point, which also happens to be the "best possible" entry point for the opposite direction. I still have a long way to go. But no hurry, SCT is a destination, not a process.
Thanks for your post, I only reviewed it thoroughly after today's market close. Any reason why you choose to have your 2 min YM bars start at odd time intervals?
No. That's the way it comes (based on YM's trading session opening time). It's important to be able to see the price's flow. The intraday bars' open and end points are just arbitrary samples. For the daily, monthly, yearly charts those points are arguably more significant.
Strange, HMIN and FSTR didnt show up in either Dry up scan I ran. (Original or 3 month.) I also noticed GMKT, but I am always apprehensive about holding over weekends, so I sat by the sidelines.
Probably due to the fact that you didn't use the Newest Dry Up Scan. It replaces all other scans as it provides significantly more accurate results. - Spydertrader