Recent content by Gasparov

On MNQ I'd look for trades where 20-30 points is an indication that the trade is wrong. On 2 contracts that's a $80-$120 loss. I don't use stops but if I make a mistake, I typically know within 10-20 points and then I exit manually. I am not sure how volatile ES has been relatively, but someone...

$50-100 dollar stops on futures won't work. On micro futures it may sometimes work, if you are very precise, but I'd say $50 is the absolute lowest you might risk on micro futures with today's volatility. I don't believe in rules like 1% personally, because I prefer precision. So typical losses...

first time?

100% if you know this particular setup

A good trader uses the actual candle shapes + indicator/other gauge of the short term trend in addition to the patterns, so they would not be blindly taking H/S patterns. I think the ones who try it blindly and obviously fail with that method are the same ones who come to forums and say...

Well I'll be damned. Pack it up technical traders, what we've been doing all this time hasn't been working. I don't know where all the money came from or why every chart keeps obeying these funky lines and patterns, but I suppose I'll need to try something new now.

Good point. Most prefer not to strive for mastery in this business

correct! because everyone who trades with precision becomes a billionaire overnight

Are you getting regularly 300+ points with that kind of a stop? I enter with the right 1 min candle usually regardless of whether it's the 5 or 15 min trend, so I get the move at the exact 1 minute it is reversing. Which means my stop is typically no more than 20-30 points. The 50 point candles...

Well you are right about that at least - the ranges and volatility are changed, and there are 200-300+ point moves. By wacky, I thought of "irrational" and "unpredictable" as if something fundamental about the market had changed, which is obviously not true. I'm not saying to use 5 point stops...

I didn't even show moves. I just showed the market is not "wacky" at all. It's obeying the same principles it always does, day in, day out, year in, year out. And I am showing ES has moved mostly the exact same as NQ, so there should be no difference in approach from a technical standpoint. If...

Yes, if the point you were making was "it doesn't matter which market". And idk, it opens for me so maybe someone else can confirm it

Okay NQ or ES, take your pick :rolleyes:

Luck? That's a joke right? LOL see attached "lucky moves" in these wacky markets

always appreciate when someone notices!