Recent content by praxis35

Does anyone use a confirmation buy stop or sell stop placed outside a consolidated range on a support or resistance level? Example: ES hitting resistance at 1100 and I'm thinking of going long so I place a buy stop at 1101.25 to enter my trade. If the trend continues and breaks through...

This is where the "gut feeling" comes into play. One needs to observe and comfirm through price action, time and sales etc. to compound probabilities. Like you, I got frustrated with the stop outs at SR levels but as I'm building my tape reading skills, I'm finding more confidence on which side...

I myself love using stochastics. I have 9 oscillators with settings based on Fibonacci sequence numbers. I primarily tape read but when I see big money entering the market and a trend developing, I'll then reverence the stochastics on my very short interval tick chart to determine when a pull...