Quote from jfranco:
I will be entering trades with limit orders im looking to have a 30 tick profit goal per day.
I have to be trading with the trend, i avoid the big round #(100). I look for a breakout above major resistance or below major support. Than a swing high/low has to be indicated. After that i wait for price to pullback and test my slope trigger. After its tested i put a buy/sell stop 3 ticks above/below my swing high/low. Than im looking for momentum to be curling up from oversold or pointing down from overbought. Than increasing speed is my last concern i need to see big buyers/seller to confirm my entry using my pace of tape. I choose 1 to 1 tick ratio to avoid emotional trade management. I do get filled on my targets or on my stops very fast which is a good thing since the longer your in the markets the more risk you partake in.
1) Do post trades in Real time, including entries and exits (stops are optional*).
2) Do provide market analyses, be they your own personal insights or breaking news.
3) Do post charts, whenever possible, for visual analysis.
4) Don't post off-topic rubbish or nonsense.
5) Don't get embroiled in flame wars: No personal attacks or inflammatory remarks are allowed.
6) Don't preach how others should trade and refrain from condescension of any kind.
* Don't post unrealistic stops. Note that while nobody can accuse you of paper trading, your credibility as a trader will greatly diminish should you sit through a 20 point loss only to close out your trade flat
no trades today my rules did not lign up with any patterns.
