Yes, even though those trades occurred during the day, I did not trade today. I traded a recording of the day for the first time to show the method. There is no way I will trade one instrument during the normal day, and then post trades as if I traded another instrument in the evening. It is just too much.
Yeah I like to turn off all distractions when I trade. It just becomes to much, sometimes the music even distracts me from my focus.
HG, This really helped me understand your thought process behind each trade. Thanks for putting so much effort in to it.
Well I hope it helped. I do want to emphaisize that on high range days your targets will tend to be so much higher....typically 4 to 5 points are not out of the realm for false breakouts and 3 to 4 points for sync trades. Strong trend days you can sit on 2 or three trades for the entire day.
the point and figure method is just another way of presenting data.candlesticks are another way.line/close is another way so:enclosed is a point and figure chart of the s & p 500.its 30 day momentum.you can see that moomentum is definitely in an uptrend
no.i forgot it is 50 day momentum. you can use the p/f method for any oscillator and cumulative lines.ie obv it can make divergences easier to spot and as there is a filter.it does wipe out the noise.it does not work well with smoothed oscillators ie slow stochs or macd
here we have a chart of 14 day rsi of the s & p 500.chart is 0.5 by 3.you can quite clearly see ob and os areas
and enclosed is a 21 day commodity channel index chart of the s & p 500. point and figure enhances analysis there is no other chart format that gives you as much inormation on the instrument you are trading