now you exit your long just wanted you to see that i actually traded that call. if the mkt was weak i would have shorted and your 1st short wasnt bad really i almost took that one too but the overall strength from the bottom told me there are buyers everywhere for some reason. but now everything chgnes sind we broke 3700 es a milestone
SLD 6 MES Dec18'20 @GLOBEX 3682.25 USD GLOBEX 00:23:02 2.82 BOT 2 MES Dec18'20 @GLOBEX 3672.25 USD GLOBEX 00:32:10 0.94
BOT 2 MES Dec18'20 @GLOBEX 3669.50 USD GLOBEX 02:00:33 0.94 BOT 2 MES Dec18'20 @GLOBEX 3669.25 USD GLOBEX 02:00:07 0.94 Squared the rest of the position. No more trade and go to bed now.
From post : https://www.elitetrader.com/et/thre...help-me-do-they-help-you.212087/#post-3037344 a bit about her abbreviations in the setup and notes sections: pbb = pull back bar LH/HL = Lower High/Higher Low UP/DOWN arrow = Rising/Falling 5m20EMA CT = Counter Trend toh/tol = ??? DT = Double Top WT = With Trend brtrp = bear trap fbo = failed break out SAR = stop and reverse NSS = non survivable stop a bit more info on the spreadsheet; Time Stamps are 3 hours behind New York. Data is from December 3rd 2010. Most of the entries are taken on 5m bar break in opposite direction of price movement. This is the very post, this very spreadsheet actually, that changed everything for me. The moment I started doing the same type of work she demonstrated and suggested in this post and everywhere again and again, I started improving.
There you have it. Back-testing/back-checking historical data in a systemic way is the way to go to start learning the market.