Thanks for the response Sekiyo, When do you decide to cancel the limit order if price goes in your favor without you in the trade?
Thanks buddy. This isn’t exactly how I caught my entry, But it’s one way among other and it looks similar. I want to be a buyer in the lower range and a seller in the higher one. @SimpleMeLike It does apply to your question. I forget a trade when I believe the market has done its thing. If I want to buy a retracement and it has done it without me then I’ll take the train to the next station. I’ll sell the retracement according to my zones. If it enter a zone I’ll take the trade. If I am not filled then I’ll try to be filled in the next zone for the opposite trade.
Beautiful! I have to admit that I don't look at channels enough. I love horizontal levels, but channels I find can be drawn in so many different ways, depending on which swing points you use, so it makes them a bit arbitrary for me. But your illustration makes it very obvious. Thanks.
No worries. It’s actually better not to look at everything otherwise we get lost and finally when everything converge the trade turns into a loser ... I am sure that if you looked behind then you could have found a support area. I don’t look for a one tick entry but more of a zone. I was just lucky to buy the bottom. Thanks @DevBru ! Unfortunately this is not a combine yet. Just a warm up. I’ll begin one next monday ^^ I’ll keep you updated here : https://www.elitetrader.com/et/threads/6-months-topstep-50k-net-profits.340196/