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Most of the time I use hard stops. Usually in place, bracketed in, on my entry. And PT bracketed in also on my entry. However, both are always subject to change (i.e. I will move them on the DOM) If the dynamics of the trade, after entry, indicates I should move them. I am not always able to...

Exactly.

A word to say about 5 minute charts, 15 minute charts, 30 minute charts...etc. I often mention seeing the footprints institutions are leaving “in the sand“ so to speak as they trade. I mentioned they cannot hide what they do, or better said, they cannot hide their effect on the markets, as...

You are welcome.

I won’t be posting any of todays trades if I do any trading. However, I want to visit again Mondays trades to show what I call the “compounding effect”. It is one of the prime reasons I jump in and out, over and over again, even on an established trend in one direction. It is one of the reasons...

Here is my last trade. It was a quick short 2 point scalp. Back to work outside.

While there was an L2 short around EMA look at the context since the open on a RTH chart. Sideways from open, then south and closes the opening gap. Looks like weakness and it is. However on bar 9:50 the bulls push back and begin to reverse the push down by the bears. So how many bull bars in...

See why I grab my profits? Look what happened after I exited. I had rather grab em and then enter back in if price continues in my favor. The decline back down on that bar gives me a chance to get back in if I want and at a better price. Gotta run.

I came in out of the sun for a few minutes and whiule in the house I took another trade. Averaged down long 4 contracts. See if a trader is trading with a small account averaging down is possible but you have to start really small size and add a right increments but first making sure context is...

Here is what those trades look like from a RTH's chart perspective. PA looks different there. 5 min chart MES. Still tradable just different tactic. It is called filling the opening gap with strong bearish pressure. So, the tactic is to trade the BO south. At least be in by the close of bar...

I will revisit the trades from yesterday june 15 later to show compounding effect but I took 4 trades today. First two were losses. I was using a 24 hr chart and looking to take a LHMTR (lower high MTR reversal as the trendline had been broken and price traded thru 20 ema and gone back up to...

You can do it from that low of that 9:40 Bar. In this case i just did it from the pb bo point where the H2 entry is after that second PB. The 9:40 bar was the bulls trying to end the pb and resume the trend but by the close of that bar we don’t yet know if they will succeed as the high of that...

On this next chart you will see some of my trades for the day but instead of focusing on those trades I only want to focus on two conceptS on this chart: 50% pb concept and “a give up point” on an averaged down trade. In post #675 trading_jean wanted to know where to put a “give up” point on an...

I want to show some charts from monday june 15. I traded monday till 11:00 a.m then had to go work outside and took no more trades for the day. I want to zero in on a few things on this first chart. A later chart will show my trades. So, we get the opening bar at 8:30 price trades down an...

Grab them profits! Dove in the hand worth 20 in the bush. Can always enter again and often at a better position than prev exit where you grabbed your profit.

Exactly. If you gonna trade 10 or 20 Mes lots at a time better to go to ES. But if you have a small account and average down then MES is better. Unless you have a big enough account to average down in ES. I don't worry much about comm. but if one is gonna trade some size in MES then best to save...

I was going to take a break from posting BUT after getting my carcass in gear a little before 9:30 I decided to look at the markets and take a few trades. I took my first on the 9:30 bar (chicago time). I took my last on the 11:00 bar (chicago time) Profit in MES $450.00 and profit in micro naz...

It was not meant to be setups to trade. Just general concepts and principles, not actionable specific trading setups. For the latter you will have look at my journal.

What may look like a TR on a 5 minute chart my just be a sideways move in a bigger channel on a 1 hour chart. Within channels are trading ranges, triangles, flags, trends, BO’s. etc And within TR’s the same things also exist.

Lol