E-Mini S&P 500 2 pt. constant range bars Bid/Ask Intrabar Analysis with S/R lines & Regression Channel(s). Color code bars generated by real-time, intrabar bid/ask volume and tick analysis with continuation and reversals bars illustrated.
Sun, what trading platform/charts are you using? I used to like the range bars as well, but AMP doesn't offer them, so I stick to the tick bars with candles. I like the LG channels as well. Basically a scientific TL based on recent and past PA. Good stuff!
NeoTicker with proprietary auto pivots, s/r's and regression channels. Bad carpenters blame their tools; good carpenters praise them.
I'm still watching the charts, but it looks like the Friday afternoon chops might be setting in. I think I'm calling it a day. This was a good week for me. Zero losing days the entire week, and only 3 losing trades total for the week. I just looked through my trade statistics for the week and the interesting part is my trades are way down too. Usually I would have 25 to 40 trades for the week, but I traded only 3 or 4 times per day this week on average, so I'm getting more selective and not over trading now. I'm making progress, although I know I can do better. Hope everyone had a good week and has a better weekend. God bless and Good trades to all!
I was always told that the only difference between a good carpenter and bad carpenter was a good painter with lots of caulk! Nope, I agree, find what works for you and learn it backwards and forwards. For me that's PA, S/R, and TLs with an occasional LR channel. I use volume as well, but no indicators for me otherwise.
Tex, Nice chart and nice job! I won't foul ppl's minds by posting my ER2 chart from today....after commision I lost one tick on the day...couldn't ever bring myself to go long for very long...despite all of the lower highs...oh well...got the weekend to clear my head and get back at it Monday.... -traderTX
TraderTX, First thing's first, don't ever let your last trade "ruin" your next trades. Expect small but controlled losses along the way until the big ones hit. You gotta shake it off, refocus your eyes and your mind and begin seeking out confirmed or broken S/R. I traded only once today. However, I sometimes get stopped for smaller controlled ticks before price actually moves in my favor. All in all, being BE to up is always good. Don't beat yourself up. Being down 1 tick is a good trade in my book. (Please read back a few pages to one of my "Oh, I got it" moments while I was relearning how to trade (but based upon PA and S/R). There's always a lesson in it; whether good or bad. Continue to share and others will as well. Take care, Tex