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And here is what happened the rest of the RTH's session. Made some annotations. Study really good. Think deeply. Close your eyes ..see it..take a mental picture...clik..clik. Now it is yours! P.S. Don't ask me if I traded the bear channel and the range at the bottom. I would have but I was...

Ok concerning stops. My initial SL is 2 to 3 ticks above high of bar 9:50. Which I will happily move to 2 or 3 ticks above bar 9:25 before I will yell uncle and throw the towel in..followed by then doubling up my previous size reversing directions to long. Thus getting my loss back in short...

Ok I want to show a few concepts concerning PB's and averaging down and precise entries. These were trades taken this morning on a SIM (so ON or aka Fedex (by me) can quit pulling his hair out..I HAVE declared it to be SIM). Peace my friend peace. So, exact or precise entries are made with the...

I gotta eat. Will explain SL later.

Let me to show a few concepts. Exact entries are made with the best intentions but are actually hard to pull off live. Even after back testing. Here is an example on a SIM taken this morning to illustrate that concept and a few others. IN MES or Es for that matter we will look at 2 charts. A 5...

One can also scalp with trend which I do a lot also jumping in and out in trends locking in profits. Such a mechanism can lead to compounding my efforts, and doing my part to help the brokers make a living so they can feed their families and buy new fishing boats...take cruises...and upgrade...

This problem can be mitigated some what by context discernment coupled with averaging down. The latter being “fighting words” in the cosmos of most traders. What must be understood and accepted is that there are NO perfect entries or exits. The concept should be relegated to the dustbin of the...

Ok strength of a trend is an important element. Correcto? So......how do you measure the strength if a trend or even the strength of a counter trend? Obviously understanding that is is important too for PA SL placement. Then context is important. Correcto? So you got larger and immediate...

Bar by Bar is .....well like a pub crawl. Can get messy. ROFL

ROFL

Bingo AGAIN!

Bingo! Bingo! Bingo!

Bingo! Finally someone who actually thinks through the matter.

Remember in a bull BO the bears are, most of the time, going to try and reverse it. That is one reason PB’s show up on a chart. That PB action is bears pushing back and early bull taking profits. In a bear BO bulls are going to try and make it fail. PB’s are formed when they exert their pressure...

Bo’s mean large risk. The stop has to be big. In strong trends PB’s need a big stop. The probability is high for a successful scalp but the risk is big because subsequent PB’s after entry can be deep. You just can’t have high probability, small risks, big reward. At least not most of the time...

Yes bar counting is a viable technique.

Here is the last chart (5 min MES 12-7-2020): Remember I mentioned watching a 50% PB from the wedge bottom as a logical place for shorting again. So there were two opportunities both for several points with the second one being the biggest one in terms of points. I don’t watch Fibs but a 50%...

That is hilarious! But I get you man. Heads up....if you can’t sleep on a particular night put on an Al’s video. You likely soon be snoring while he keeps talking! He is a great guy and knows his stuff “par excellence” better than anyone I know of but sometimes his voice...well it is what it...

Back from walk. Going to town for some errands. I will post final chart for day with some explanations later.

With fairly strong move down (see both MM’s on my prev post) on the 5 min chart I would certainly be looking at a possible move back down from that wedge bottom reversal back up considering that a move back down may very well take place at around the 50% area of that larger and/or smaller MM...