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No one marked up my chart in post 970 so I did it in my post 989 above. Fifteen trades. The only one that might be a loss is 15 if one didn’t place SL above HOD (high of the day) So...by following what I said there are at least 14 winning trades and maybe one loser but not necessarily. Hope that...

Well hell will be full of non-converts and hypocrites..liars..murderers...fornicators...blasphemers...cheaters....so it is better to be in church with a few of them, if they are in a particular church, for a time, than in hell with a bunch. FOREVER.

Why sheetrock on the floor of your garage? Did you backtest that? And why you rolling the garden sprayer around on your dolly? Too weak to tote it? ROFL

In my post 970 concerning implied PB’s in a BULL trend. We see the entries on trades 1-9. The idea is to enter long on the close of the bar and the red down arrow is the area I am averaging down in (i.e. scaling down) or adding to my losing initial long position. Then I wait for the bull to...

Too late on this one but on next 5 min chart I will post 1 min too.

Trading an actual PB AND an implied PB back to back within a trading range MES 5 min chart 12-22-2020: By bar 9:55 we have been in a sideways move for 18 bars since the open. Bulls and bears are about even. Up then down. I like to see 20 bars to trade it as a range however, sometimes I will...

Ok here is a little exercise. Here is Mondays 12-21-2020 5 min MES or ES RTH's chart except for the last few minutes of the session. It opened with Gap down bears pushed hard then bulls pushed back and then morphed into a SPBL (small pullback bull trend day) for the rest of the day. The gray...

If I was Charlie I wouldn't THINK about it. I'd just SWIM back across the pond. LOL

What do you think? Should Charlie hightail it out of the UK? It doesn't appear from the article that anyone lost anything but Charlie.

Here is the view again from the 5min chart (first chart) AND 1 min chart (second chart). See the actual PB on the 1 min chart(implied PB on the 5 min chart via the doji) then the drop down for a 4 to 6 point scalp.

And here is what happened. Easily a 4 to 6 point scalp covering on the bear bar (green line) that followed. Hardly any adverse move against the initial short position taken on the doji but enough to scale in or average down if one wished. Again, the averaging down area is the yellow or anywhere...

Here is a snippet from todays 12-21-2020 MES showing an implied PB in a bear intraday move. This bear move was actually a deeper PB from a grinding relentless move up that began on bar 9:20 after the GAP down opening. All other PB's were minor. So, remember the concept. In a bear move (in this...

They all show the basic market cycle. BO...channel ...Range...BO...channel...range...etc.

Always use a SL. Why? When trading an implied pb one is betting the pb will be small and the previous trend will pick back up. In broad bear/bull channels or broad ranges that can be the case, but not always. It is a bet. Have a SL in place. SPBL (small pullback bull trend day) which are...

I want to continue with the concepts of PB’s and implied PB’s. In my post #943 I stated: The concept for this example is: "In a bullish move a doji bar that closes in the middle or lower and has a big tail on top is a pb EVEN if the doji's low does not go below the low of the previous bar. It...

Well in ES RTH’s starts at 8:30 chicago time and stops at 3:15 fer abit. Doesn’t matter the TF..5 min...15..min...30 min...60 min... on every traders platform there are 81 five min bars. most all charts basically show the same patterns..it doesn’t matter....bar charts..candle charts...line...

Nary a more hilarious thing has yet to be stated on ET. LOL

Vicente can’t you cone up with anything better than that?

ET has some mature, highly developed, skilled, merciless trolls whose only apparent job is to pick to pieces anything anybody says especially if it has an inkling of being useful to anyone. Or just ask some questions and presto they are there. Usually to worm over one’s question(s), I guess to...

Risk of ruin generally only becomes greater if “averaging down” is done in the wrong context. If averaging down is done in the right context it actually increases the probability that the trade will end up being a successful trade. Why? It lowers the BE point and lowers the synthetic initial PT...