Search results

Today 29th March 2022 was an implied PB on A daily TF but an actual PB on a daily. On daily price closes in middle of bar indicating buying before the close. Thus means at this point there is still bullish strenght on the daily TF and indicates some profit taking took place today. It is an...

Uh? What is next? Note market cycle phases over and over. 1) BO continues as no pull back yet so still in BO phase. Add on every minor stopping point or be satisfied and take profits from that 2nd leg up. Then wait an see what takes to enter again. 2) We get a PB at which time channel phase...

And here is the second leg up in the form of a measured move. Sailed right through that yellow resistance line shown on this chart and the previous marked up chart I posted.

Remember the market cycle. bo tight channel down left side of chart…then sideways action (aka range behavior), followed by BO then more range behavior (purple box) followed by BO failure of box. Then reversal back to top of box followed by another BO (2nd) that appears to be a successful one. So...

It is an obvious successful BO of a bear channel (last yellow channel lines). Labeled 1st BO. Then a second BO of last 51 bars. I think it will BO of the yellow resistance line and if it does Odds favor long for at least another leg up. I would bet long. 60% chance for another leg up. 40% chance...

Yeah grab that money while the grabbing is good. Nice slice out of the middle of so called noise.

LOL

Is there price movement on most every bar? If yes, then it can be traded. There is no noise. Noise is a perception people have and is based on erroneous concepts and a lack of being able to capitalize on movements labeled as noise.

I would have held and added more. Bulls appear stronger than bears. Might even get a MM up.

BINGO! A concept it seems most fail to grasp.

So what mechanism do you use to get back from 1000 loss and end the session +200?

Very good! Had my first experience with Tim Horton coffee in Alberta several years ago.

Too much detail to share in a post or two. I do detail some stuff out in my journal. https://www.elitetrader.com/et/threads/techniques-for-day-trading-the-es-nq-ym-mes-mnq-and-mym.336259/ But, in short I study Price Action and it’s tendencies and use known tactics and other tactics I discover...

I think I am about out of the woods on covid. My wife is getting close to leaving the jungle and making it to a clearing. At our age it ain’t that easy especially if one has underlying conditions. I am not sure when I will get back to posting. I have a training to do (unrelated to trading) in...

Unfortunately many take the stance that higher win rate is not much of a factor, if any. Almost as if to say a low win rate is preferred. Lol. Theoretically one can massage math to seemingly say something that is outside the realm of a real life trading world. Why would a trader not just pick...

Apparently I didn't get any private message recently. why did you stop berberine?

It has been several weeks by now. Has the Pygeum Bark Extract helped that you can tell? I am thinking of ordering some.

BTW I am not against “averaging down”. I do it on probably 50% or more of my trades. It works because of “price probing”. But I am speaking of the utilization of the technique in intraday trading.

Dollar Cost Averaging ..a sanitized …more palatable term …for averaging down. Functionally, samathing. Lol ….adding to a losing position.