Quote from fearless9:
hi mmrreedd,
In my style of trading the ES my frames are very short and so at any given time I can see less than 30 mins of price action on my screen.
I do not have time to look to higher frames and in any case it now confuses me. But instead, I do have market structure from a frame 3x greater, imposed on my screen.
Tics to the open show me ......
a) which side of the open I am on.
b) whether it is close enough to effect my decisions.
Tics to HOD and LOD work in the same manner as these are three very powerful price points.
The rest of the important levels ( ie yesterday high & low etc) I no longer track since this is revealed in it´s own way inside the market structure.
However, this is my 11th year of following the markets and what has become obvious to me may well lie ahead of others in this moment.
This is a very good thread that A is running and it is teaching people the basics of market structure.
If people commit to trading this style with say the NQ and become comfortable and consistently profitable, then they can move ahead developing deeper and deeper trading skills.
If they cannot make this style of trading work profitably for them on the NQ, then IMO they are not addressing their own issues and changing horses will only make matters worse.
It is mental toughness and commitment that makes a great Trader as I see it.
regards
f9