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30m RTH chart showing gap fill. so now what? well there's the central pivot @ 9314.25, the 20ema, and the there's confluence with S1 pivot and 9273.5 which happens to be 38.2% retrace from daily chart mentioned above and there's more but you get the idea.

somewhat messy daily chart but shows present swing excursion with fib and common retracement levels. more confluence with 38.2 level prior support (magenta lines) and pivots (both RTH and ETH).

here, i've moved my PT down to central pivot on RTH @ 9314ish and will play my SL close if things change. they always do.

market internals early on. VIX negative but not enough to weigh much on my decisions. i.e., when it's between +/- 4% there doesn't seem to be much conviction.

30m chart on RTH after moving stop to BE. seeing a possible gap fill and eyeing central pivot at 9314.25. again, confluence of 20ema on 30m RTH chart with other factors from 60m ETH chart which will be further detailed.

1st pic on 60m showing initial entry with SL and PT. note, PT is sitting on top of prior day hi indicator so the chart trader marker obscures it but you'll be able to see it in subsequent pics. notice confluence of my initial target choice some what reinforced with 20ema. additionally one...

thought i would post update while i have a moment. still short but might be at a decision point as price has retraced back to my original reward assessment level (prior day hi 9369) which had this trade at slightly better than 1:1. regardless, my stop has moved below breakeven so it's a...

took a short today and will post some more on it later. only 1 contract on MNQ but will explain my reasoning on why i didn't take 3 contracts based on my risk formula.

i don't know other than not all breakouts are created equal. also, my win rate on breakouts may very well be 35-40% and other trades make up the 30-35%. money isn't made or lost until one exits the trade. i think too, that market context can make a difference in trade outcome. i.e., which...

i trade breakouts on 1-2-3 (some call it abc) patterns). those seem to be the most frequent but occasionally there will be a consolidation pattern that will break out of a range. other times there can be range trades but I don't usually go looking for those and prefer the 1-2-3 type but that's...

yes and thank you, it was a good trade and pretty much a textbook example. i guess if anything the posts document my attempts at managing a trade. btw, i just went back and looked at the "missed opportunities" trade on 2/3 and based on $300 risk i would have edged on caution and rounded down...

hi wrbtrader and thanks for stopping by and thank you for your comments! re: market depth, i have studied it for a LONG time and always got some sort of edge from the information but have to say i lean on VIX and $TICK heavily with futures day-trading.. they really are somewhat of a windsock if...

ok, i lied. i just remembered one other thing about this trade worth mentioning. this trade was sort of a 2nd chance to the one that i missed on super bowel sunday. Grow $10k account to... the reason i'm bringing this up AGAIN is that the entry for this trade had a much larger stop loss and...

and here it is. show's over. screen shot shows exit point. 1 trade, one contract for $165 bucks.

this shot shows the aforementioned duct-tape trailing stop in action. yes, this time working FOR me instead of against. it is doing it's job to lock in profits in case everybody packs it in and goes to happy hour without telling me first. price is hovering around the RTH R3 pivot anyway...

this pic is just to show some of the same hot-spots i was watching in case the FOMO crowd showed up and exuberance caused old faithful pop. namely the same 2 R3 pivots (RTH, ETH) and fib extensions. i knew it was a long-shot but the fact that the ETH R3, a 38.2 and 61.8 fib were all clustered...

a bit hesitant to post this cuz it may not make sense but i took a screen shot of me attaching my stop loss to a lower 1 period donchian channel (set to invisible) at -1 tick and also set to "calculate on bar close". this is my duct-tape-hot-wired automatic trailing stop that i will sometimes...

prior to moving stop i'm checking under the hood so-to-speak at multiple time-frame charts (5,15,30,60) just to see what's going on and all of them are still flying in formation above respective ema(20).

trying to post these in sequence so here's the next shot showing where i move stop up to a swing low. i know not technically a swing low but it shows up as such on say a 5m chart. 1 tick below wick of hammer. the idea is this makes trade not win, lose, or draw, but WIN.

yes, this daily chart looks messy but take away the moving averages and Donchian channel and it has 2 fib drawings and a couple horizontal lines that i think i commented on earlier in the trade. i think i snapped this shot to show how price had advanced beyond the R3 pivot level for RTH(regular...