Ok let me set up a website, you will be able to enter trades there. It will be very easy to use. Parameters will be: Symbol Entry time Entry level Target Level Stop level We will assume a minimal size for simplicity. The reason why I want to setup a website is because I can run statistics on your performance. You won't be able to edit your trades once they are posted, and we don't have to read comments that will distract the challenge, just the trade will speak by itself. The challenge will be open to anyone who wants to join.
Alright, I'm gonna take a stab at NQ as you suggested. We have HL forming. Let's see if it will stick as I anticipate.
Back in long @ 40.75 SL 1 tick below previous bar. It turned out to be LH, so technically I shouldn't have entered long here. We'll see how it goes for now.
Stopped out at 34.25 (as expected). I guess the moral to be drawn is don't go against your better judgment.
We just finished with a bullish bar. BUT it's still LH. So it's better to wait for a confirmation. In this case, you're (or me in this case) to wait for a second entry long, a term that Padu likes to regurgitate these days.
The easiest is that you come and hang out at the ES Journal with the rest of the gang who are actively posting trades and exchanging ideas during the RTH hours. But if you still want to go the challenge route, I won't object (even though I don't know what's in it for me).
As you can see, the bullish bar turned out to be a failure. This is considered the Failed First Entry. In fact, MOST first entry longs are failures. Keep that in mind.