My first questions What is/ are your set up(s) - aka entry signals (be very specific for each please) What are you looking for in terms of context (again be as specific as possible) If the 500 tick is your trading TF - what is you lower TF..., and what is you interim (next higher) TF Hard to tell if you're over trading until I figure out what you're looking for (context & entry wise... and how you derive each ) ============= Douglas - is gold in my book RN
Slugar Here is some of the soundest advice I can offer Pick 1 set up - doesn't matter which one PB / Range BO / DT / DB / LH / HL / something else Take that 1 set up... get on sim - and trade it.., and only it - till you're blue in the face..., till you can trade it just about blind folded Learn its strengths / weaknesses / when appropriate to use / when appropriate to sit on hands / Learn to recognize it..., as it's forming Get comfortable taking small losses Then take it live When ready..., add a 2nd set up.., then a 3rd..... This way takes longer..., but is a solid approach to becoming consistent RN
Couldn't trade until 10200 cst but here is the 1st trade of the day. A long off of the double bottom at 1024. I have my demand line drawn and will stay long until broken or fails at a swing high
Good Trading Slugar Reason for entering â DBâ¦â¦ check Way to manage this trade â draw an up TL â that a break of would trigger an exit⦠check Now.., just one small (but MOST IMPORTANT) detail missing What⦠oh whatâ¦. could that one missing detail be The saying ânever trade without oneâ comes to mind ================== We donât get paid for entering a winning tradeâ¦, we earn our money by managing all trades RN
short on the lower high at 3555.25 initial stop at 3557.25 moved to one tick above minor swing high at 3554.25
In summary; Trade 1; Setup â potential DB â enter long Target / way of managing â breach of up TL Stop â 53.25 Trade 2; Setup â potential LH â enter short Target / way of managing â ??? Stop â 57.25 / later moved to 53 even =========== Fill in the question mark â you have 2 well planned tradesâ¦, and 2 trade plans.., each appropriate for the current PA conditions (current at that time) (We use our methodology.., to identify an edgeâ¦, appropriate for the current PA conditions) ========= Manage each trade per its plan â¦, on to the next one ===== Tomorrow FB earnings after the close (important to know the times of such things) Yippee ki yay RN