S/R Emini Journal

That, and the fact that there would be 2 points before testing the LOD.

 

We have actually been testing the HOD and LOD breakout this past week. Right now I have it at best 72%. But I am still working on it to see if we can get the R/R a little better and still keep the W/L ratio up there.

 

thanks for all your posting 4re . have a great day!

bgp

 

Confession. Took it anyway since it met my requirements, though the trade is a lower probability, given that the consolidation is only an hour long. Made a point. Now I really am done.

 

Bollinger Band Theory Revisited:

This is a 15 minute chart of todays action. With a 15 minute chart you will miss the exact tops and bottoms but you will capture the meat and taters of the move.

This is a very valid method for reversal traders and it doesn't take a lot of education in trading to perform. I really like the 10 minute chart a little better but this chart is so clean I wanted to show it.

Again, practice with this before you use real money. As all trading is easier in hindsight.

4re

 

Now, I can say it. You were on a roll today. Good job...

 

Thanks, I hope you like it and are learning something from it...Hope you did good today.

4re

 

Hey, if I really were on a roll, I'd've taken the drop below 10.

Not greedy enough

 

I would advise looking at divergences for reversal signals in your case, starting with 1 min charts and going to 15 minute time frames if your hold period is within that time period.

 

yes i am learning .

thanks