Nice dialogue on this stuff. And thanks for the effort too. the points you bring out on the descretionary aspects of the mechanicalset up are really very important part of transitions. A major easily programmable facet would be to consider the 50 % line. If there is sufficient strength to not have a hitch or stall (no harmonics) on transitions to entries, then I say first op in the sequence is a go; if not, not. This precursor eliminates the fractal change course of action for a cure. We should try for a rocket and wash combo as a baseline for making improvements using just one contract. Then add icebergs. Then add point 1,2,3 stuff. Once we get there, and I see people making money (meaning exercising belief as actions), I will get more keen on the doubling profits routine. I think back testing can be more broadly understood at some point and these dialogue is very constructive. It is hard to discuss stuff until a basic minimum quality shows up. Is everyone exponential rather than arithmetic at this point?
Nice report and terrific trading. I can see you are beginning to groove (integrate the whole nine yards). This is terrific.
10:21 L @854.000 10:35 X @852.25 Entered on a Long Rocket -1.75 10:35 S @ 852.75 10:50 X @847.75 Reversed Short on the Failed Rocket - exited when prices approached the bottom of the 15M Channel - +4.5 points +2.75 on the day
to day you have first chance to speed up fractal. starting on the 5 is normal. You do glance at the 1 min for synch on DJXX. On 1 min (scale of two points) you see centering between 9:45 and 10:00. The false BO down is a non entry (Stoc fast line flaw) and you pick up two rockets ("entwined" keeps you in until 10:22 or so where the BO on the channel occurs. The short trade from 1 min ends with channel BO too.
Why would you move to a 1 min chart today? By entwine do you mean that below the 20 or above the 80 band that the stochastics fast line and slow line are crossing each yet not breaking the 20 and 80 band?
ES03M simulated #1 rocket Long 851.00 10:06 Sell 852.25 10:34 +1.25 Entry only at 10:06 as waited for slow line to climb higher because of 10:00 report move. Sequence 1 min MACD cross up -> divergence -> 5 min MACD above 0 -> fast line in. Exit sequence: 10:24 1 min MACD crossed down -> 10:25 5 min MACD convergence -> 10:28 point 3 in channel ->1 min MACD below 0 then entwine at 0 -> fast line out/channel broken -> exit #2 MACD reversal Short 852.00 10:34 Cover 848.25 10:51 +3.75 Entry: reversal out of long trade but a few seconds later after closing rocket trade. 5 min MACD cross down shortly after. 10:25 hitch in stochs around 50 area; 10:45 1 min MACD cross up but moves down were on high volume, and corrections on low volume. Exit sequence: 10:51 1 min MACD cross up, volume declining on 5 min down bar, price at support -> chickened out. Should've waited for point 3 at 10:57. Fast line got below 20 at 10:49 but this rocket never took off. Possible reversal out of failed rocket but stayed out as volume dried up. Happy Fool's Day to all!
Okay the tape on 20/80 is working just fine. We stayed out of the "short" viewpoint that prevailed on ET this am. we had some 1 min action for the first time. Now back on the 5 min we are just raking it in continually as channeled intermediates and rocket beginners. The channel gained strength. we have seen three stronger channels in the last two days. Calibrate yourselves for this; it definitely leads to making money faster. be on look out for trend endings. then congestion, convergence and centering for pm
What is a centering BO out and what does this trade setup look like? Can you take me thru the steps of this centering BO trade?