Yes, it's a change in nomenclature. They used to differentiate between "Spec/Hedge/Member/Non-Member" and such. Now it's simply HRP and non-HRP, HRP being "High-Risk-Profile." So just like before, you as a retail specerlator is in the HRP camp and will always have 10% extra tacked on.
A nice day to end the week and start a new month and quarter. Traded ES all day, 1 contract per trade, with a 5 minute chart. I do not trade ES often. And my preferred chart is the 2 or 3 minute. A perfect day with those changes = progress! However, capture of todays rth high-low linear range was only 42%.
ES Daily (24 hour per TradingView). This weeks rally and todays reversal of fortune is no surprise. JH methodology just works!
Not really. LOL There are several JH concepts going on. 1) 1-2-3 containers, iow, channels... two fractals annotated, but there are at least 3 fractals including the bar-to-bar 1-2-3 2) Lateral formation 3) FTT (Failure To Traverse) on April 18 in combo with a lateral breakout failure. 4) And another lateral breakout failure in combo with lock-in of the Outside bar mid day. Haven't even mentioned volume. HTH
I located some "old" reading material this past weekend. Here is one, The Straight Line Approach. I don't remember where it came from or who wrote it. Enjoy.
Fresh RTH lows in ES, and I'm wimping out for the final 45 minutes... Platform is now off. Frankly, the possibility of the 7% trading halt here is close to real, lol. I have exactly No interest in getting caught in something like that going into the close. This week is the reason I trade!