Recent content by TradeLogic

Thanks guys. Appreciate the input and all the insight you've provided in this thread. Right now I trade intraday on the ES and usually take a breakout and fade on the same day though depending on several factors one being a 5 day NL and another derivative of the NL that takes momentum into...

Would love to get everyone's opinion on NL values. I've been tracking the ES values for awhile now and doing it with the method mentioned in the book. (15min OR). I'm noticing there are rare times like last Thursday where well get a -4 day but the market really isn't as bearish as that value...

Nice. Now you got me guessing what type of day would be rated a 9.

Matthew can you help me with what I'm looking at here. Is this a number line or a derivative of a number line? I see 9's in there which my NL's don't have. I do incorporate a NL derivative in my trading which I call momentum which is simply the current day NL value minus the average of the...