Recent content by umitd

Although I am just a beginner and not very happy with my exits yet, I'd like to humbly mention, in the spirit of sharing, a few things my limited experience have tought me so far: (the discussion below assumes candlestick bars) - do not exit as long as the candlesticks are green even if...

f9, you said: "The ES is lurching from level to level and in doing so it becomes momentarily unbalanced from time to time." Can you elaborate a little more? Thanks in advance.

Amitman, thank you for your message. You are right. Wave size, next major/minor S/R, seeing how price acts when it hits S/R can all be used in determining when to exit. Some people move the stop just under the previous HL as soon as a new HL forms in an uptrending market until they are...

This is my first post here. Thanks to jjrvat and others contributing to this thread. Speaking of exits, my question is this: Shouldn't exits be according to price action as well? I mean, instead of taking profit at a fixed number of ticks or pips, shouldn't we be watching the price action...

Hi, I couldn't have said better than OldTrader. Sometimes, you read a thick book about trading then you're left off with only a couple useful ideas from the book. It is like looking for a gem in a haystack. Very tedious.. You'd have to go thru a lot of garbage. But if you find the gem...