In addition to the above conditions, I am adding the following rules to filter the best trades. 1. ND TRIN > NYSE TRIN ......Pass the trade 2. NYSE TRIN > ND TRIN...... Buy at .5 below the 4P 5 min chart 3. ND TRIN and NYSE TRIN < 1....Use the above set-up. When the market is making new highs and TRIN is increasing above 1.....Look for reversal. Similarly, when the market is making new low and TRIN is decreasing below 1....Look for reversal. One of the things that I have learnt is that even if we make 25 NQ points a week trading 1 contract that adds up to $25,000 a year. With a $20,000 account you can trade 4 contracts risking 1% per trade and if we can get 25 points per week....you do the math. Looking at the long-term chart I think we could see 880 in SP before we move higher.
If the "PA Only" in your thread title refers to Price Action Only, then you have gone off the reservation.
Agree, but when you get stopped out on every trade for a week, it is time to re-evaluate. I was doing good when the market was up. I can just wait to see if the market holds the 880 support and if it does then back to my normal set-up. Today I took only 1 trade for a loss of -1, had I not used the TRIN to enter I would have been stopped out on every trade.