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Why not use the micros so you can trade an idc size and keep an appropriate swing stop without taking too much heat? Add to the winners early in the move on confirmation if you want to get bigger.

It doesn’t have to be all or nothing. You could take a smaller than full size position at market then add during the pullback on confirmation. Intraday or swing it all works the same.

Hence bear doji day ;)

That POC is also near a couple intraday measured moves. I wouldn't be surprised if we bounce around there and test back toward the open. Looks more like a bear doji day to me.

NQ is still trying to make it above the open. Could be a bear doji instead of bull doji day.

Seems like a lot of words just to say price is truth.

Probably the NPOC just below it.

OP, not sure what platform you're on but Strategy Builder on NinjaTrader works great. I don't code but use excel & powerbi in the dayjob...was able to test and automate a portion of my trading in less than a week. If you go that route, search for NinjaTrader Paul posts on their forum regarding...

Yea, Brooks. He's definitely hard to follow at first and I understand why people get frustrated, but being a newer trader (about 2 years now) I found his written work invaluable. It took me a long time to work my way through the material but I'd echo what Spooz wrote. If you ever decide to...

The percentages he gives are rough ideas of likelihood for his trader's equation. Has price been in a tight range for more than an hour...50-55% likelihood it goes one way vs the other. Is there a strong breakout with good follow-thru...odds are high we're going higher so it could be anywhere...

Don't worry, the trade came to me in the morning and stayed all day.

I use two types of measured moves; the height of a pattern/range/spike doubled, and a 2-legged move (ABC). What I mean by close to far is identifying where different measured moves land starting with whatever is closest to price, using the M5 chart to infer what price is doing on different...

I measure moves like Brooks and go close to far, watching the reaction at each. I also take my scalps off at a 1:1 for various reasons (I say scalps for anything 1:1 or less). I trade off the 5 minute so I skipped the first measured move SunTrader posted when I saw what happened after the...

Can you? sure. Should you? Fuck if I know, but if it's a trend day I'm going to scalp out part at the first measure and swing the rest until it breaks down or we reach the next target.

Opening spike (RTH) starting from the open to around 10:20a. Edit- I'm referring to MES

There's a measured move at 3900

Agreed, DDF is great. Tested it after reading through an old pivot thread on this site (Lefty's) and use it every day in my trading now.

Maybe you should re-read the thread and try to be less rude. I never wrote that, GotherL did. I would say that it is very beneficial to a daytrader to understand market structure and the general behavior of the product(s) they trade. Having an idea of where the market could go on any given day...

Well we're in a daytrading thread where people are talking about daily behavior...in my opinion, intraday timeframe doesn't matter in defining daily movement. There are nested trends in trading ranges on lots of different intraday timeframes...doesn't mean the day was a trend day.

Hunting stops or taking profits? If you were forced to only take limit entries going in one direction and size into a position where would you be taking profits? The ES only trends about a third of the time, the remaining days are two sided.