Search results

You are welcome. I don’t really don’t see many moderates in either party. Most dem leaders are liberals and many repub leaders are rinos. The last 4 years have not improved America in any way I have been able to see, from a practical daily standpoint. That is my opinion. Perhaps others see...

More stuff like that to come if dems win IMO.

Gotta go to bed. I need more than 4 hours sleep. It is 1:14 a.m. here. I need at least 5 or 6 hours sleep. Happy trading

It really is good to see TRs have 20 bars AND 3 legs (down up down or up down up) to be identified as a TR. And to be tradeable they need to meet the rules of being broad enough.

Oops. You got stopped out then you lost your chance and didn’t grab your profit. By the time I posted my post with your chart and TR drawn in it , you had already posted that you got stopped out. But I see on that post where you said that and the chart showing you got stopped, but consider you...

Likely get the chance to get out easy enough with a 1 or two point profit. I’d grab it. Then look to the next trade. That wedge bottom in a tight bear channel has morphed into a TR you have shorted at the top of the trading range. Just might be able to get up to 3 points but I would not wait...

ROFLMAO. That is hilarious!

Count those 5m bars again.

Wrong.

His trade was ok, but certainly not the best context but for a scalp. But it was a workable scalp but SL had to be placed correctly. IT took more than 5 bars to trade back down into the TR and yes going long at the 20 was a lower risk trade IF IT WORKED. I wouldn't take it unless I saw big BO...

SL was too tight. Proper placement was at the bottom of the doji bar before his entry bar. But anyway, as a scalper I would have grabbed my profit and waited to enter again.

I posted the following write up in another thread. I am also posting it here. Much explanation by Brooks is needed because there are many variations of one strategy ...MTRs. The basic principle is simple can be explained in a paragraph or two like I did on the FX thread (I will repost that...

A couple of other points. That larger bear bar around 10:55 that broke south of the range was simply a vacuum test of the bull channel low. As a matter of fact that series of bear bars prior to the larger bear bar are part of a rush to the bottom. That is typical of broader TRs and broader...

Much explanation by Brooks is needed because there are many variations of one strategy ...MTRs. The basic principle is simple can be explained in a paragraph or two like I did on the FX thread (I will repost that chart here) but too many other factors enter. What did the bars look like in the...

Maybe you should look at it as a PUB crawl. Bar by bar...know what I mean? ROFLMAO

Made a few trades this morning. Has a loss or two but recouped them and made some. May post later tonight. Just see if I have time.

Gotta run. Eating out with some friends. Good trading to all including PPC.

Here again is the chart showing what did in fact happen.

Actually, there was plenty of space for R:R even if price just we through the bottom of the channel. A scalper like myself would take it as R:R was actually quite good for a 3 to 4 point scalp. As it evolved it was actually a very good R:R. You might want to look at the chart in of what...

Thanks for the participation. What I think was the crucial mistake was simply two fold: not taking into account the larger context and perhaps not understanding the dynamics of channels. The larger context is a bull channel. Most BO of bull channel fail. Usually within 5 bars price will head...