Question for Grob/Hershey...

Thanks Easy, appreciate it.

Anthony

 

that last rocket had me sweating a little...thank goodness channels work, lol.

btw, i still don't know if i'm doing rockets properly now, just doing the best i can.

 

that one hour right channelline work again

 

here's how my day went, not too bad i think.

looking for helpful critique where anyone perceives any.

(these were all rocket trades).

I'm using a target of 1 pt because that's all i see that rockets are really worth for now.

i do SEE that reversing after a wash or even after my profit exit i could have gotten ANOTHER pt on the flip side...on each trade yes?

the thread has seemed to grow stale, and that's why i'm posting this stuff...i hope it is not a distraction and is helpful.


also, i'm using a volume reading on the 1 min chart as my vol. entry requirement...2k in 1 min (this is prorata 10k/5min?)
at least that's my understanding of PRV at this time.

 

Would you give a description of what you mean by a "rocket"? Just curious.

 

The important thing is to find one thing that works for you. 95% of people never find it. This is the entry point to the gravy train. One simple thing that works consitently, for you. It is all downhill from there.

 

And it doesnt get much simpler than this: You will notice that we were in an "entwined" rocket throughout this move with a minor blip or two.

 

this is my understanding of what a 'rocket' is.

i'm just trying to model as closely as possible what jack is talking about.



....i agree easyrider. Also, from the point of making rockets work...it
"leads to a holistic way of connecting to the markets"

quoting jack there.

what i perceive rockets to be is/are the "late" entry of the pt1-2 traverse.

 

So you are using a straight indicator definition and taking your entries off them? I kept seeing the word "rocket" in your posts and you saying you are taking rocket trades and was just curious.

Thanks for the reference to that document. I remember reading it some time ago.

 

Not much to comment today. I saw a lot more trades developing than I actually took. My spanking of the day came on bar 75 when I bought at the RTL and didn't wash when it BO... the volume didn't feel like a surge and PRV was declining so I waited to see if it would come back... guess I realized about the same time as the herd that it was only going further south and got filled -1.25.

Net +2.0

I didn't do a TD yesterday but my net was +1.5