Hi, For today only one trade setup. Tomorrow will be rollover day and there was a holiday in Europe so it was where slow. Trade setup: Short@60.33 Target@60.18,59.93 Stop loss@60.45 Outcome: +55 ticks
Handle, those big bars were after inventory report. Could/would you make an exception to your big bar rule in that case ? thanks
Yeah, I couldn't agree more. * Beginner trader. * Starts with CL. * 2 lots. * Probably undercapitalized. * Just buy support and sell resistance! What could go wrong?
FWIW, looks to me like Saber is trading pure price action and very nicely at that. That first loss yesterday was due to poor stop placement, not a poor trade setup/entry. Saber, what I do if the initial signal requires a technically feasible stop that doesn't fit my max acceptable risk is wait for a second entry like you did on the second trade yesterday.
No, when back testing, you don't add or even know when reports from ten years ago occurred, but near ends of trends these bars occur.
Hi, Took 2 trades today. Trade setup 1: Entry long@61.11 Stop Loss@ 60.99 Target 1@61.26 Target 2@61.51 Outcome: +30 ticks The last contract did not reach the profit target by 6 ticks, locked in 15 ticks of profit on the last contract. Trade setup 2: Entry short@60.37 Stop loss@60.53/60.49 Target 1@ 60.22 Target 2@ 59.97 Outcome: +16 ticks This last setup was a good setup but price did not do what it supposed to do, the last contract went out at +1. Daily outcome: +46 ticks There where only 3 possible entries for today, took 2 of them. The one that I passed was due to a support level on the HTF that was still in place so had to pass this setup.
Hi, You seem to like ascending/descending triangles. So far, they are your bigger winners. Just my two cents.
Hi, Yesterday no trades, only one opportunity during the morning session but the entry was not triggered but I wanted to highlight it here because it was a good area and I think the only area for a good trade yesterday. Just look at the chart.