All and all a MUCH better week for me. The one change to the beginner method I made was to exit on the FTT rather than waiting for the BO. So entering on a PT3 and exiting on the FTT, has given me a profitable week finally. Last week was a disaster. Mon: -1.75 (I was still actually waiting for the BO on Monday) Tue: +2.0 Wed: No trades, vol very low Thu: +2.75 Fri: +2.75 I feel much better I believe this is also forcing me to look harder for the FTT's. Before, even though I know I was supposed to be looking for them for learning purposes, I was too concerned with the balance sheet and foregoing the learning.
Interesting. Makes very good sense to me to exit on FTT instead of waiting for RTL break. (BO). I find FTT's easier to identify than (true) RTL breaks and they occur before RTL break so you have more profits. Should the FTT be a flaw you can still get in again. Another advantage would be as a beginner that you'd be really forced to look for these FTT's other than for educational purposes. Only 'risk' is to exit too early if this can be defined as a risk. Next step would maybe be to reverse on this FTT. regards, Ivo
Does anyone have anything to say about bar 4 on Friday? Seemed like a very important bar to me. In real time, was it a Pt3 (short) or a stall? When did you KNOW? Being long from bar 3, as you were, how did bar 4 FEEL? Have a great w/e everyone,