Trading Hammer Candles and Engulfing Candles at Support and Resistance levels can make simple and effective entry setups. Hammers include shooting star and hanging man candles as long as the wick is at least 2x the length of the barrel of the candle. Here's the chart from above minus the freehand drawing. What do you think, fj? Can you find any examples on your charts? This link has examples that show Trades Entered at Support and Resistance levels. https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-10#post-5014575
Where did that pivot point come from? What was your sell signal? Those must be Heikin-Ashi lines. I still haven't researched exactly how those work.
%% Good uptrend; 2 minute or 5 minute NQ or TQQQ is about the worst to learn on. Try 2 or 3 years w/eekly/monthlys.Get rich quick, like a lotto, is a stupid tax on people that cant do math; i've entered on a 1 minute before. But i would not want to live on the interstate highway/LOL .Some do, when they retire/old timers.