No idea what F means. LOL
Wait a minute, maybe it means Futures? It's a futures contract and the M is the contract month.
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I want to play a TRADING GAME with you all....
- Thread starter SoyUnGanador
- Start date
Wait a minute, maybe it means Futures? It's a futures contract and the M is the contract month. If you had entered the break of the 5 minute bar at the open AND if you had known to get out at the high, you could have made 16 ticks!
LOL, That rhymes with "If your aunt had balls she'd be your uncle."
That's not even the same 5 min chart, Homer, lol.
In your premise, how did you know to get out?
Now That Would be some good information that you are invited to share at will.
Based on the information available when your "What's next" chart was presented, Why wouldn't I be good with my call. The stop did it's job and freed me up for the follow-on trade. I'm good with that all day long. "
That same Trendline provided a timely 'Jump Back to the Trendline' or 'Pullback to Resistance' Entry for a very nice ride to the downside when Support became Resistance. Rules based entries occured here - not once, but twice in a row with a pair of Engulfing's at Resistance at the the upper Trendline." What do you want, an engraved invitation?
That's what rules base trading's about. Sometimes you get the elevator, sometimes you get the shaft. Relax and remain aware, there's always another train leaving the station.
That 5 minute chart gave a hell of a follow-on ride with a well signalled setup directly after the stop.
No complaints, the rules abide, and if the rules based trader can have the discipline to follow tested rules, the focus to be aware of the opportunities at hand, and to consistently operate the system, then what if's don't factor in to that aspect of executing a trading plan. imho.
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Sorry, I forgot to mention it's the same chart but on a one minute. I pulled it up so I could see how the price action played out.
LOL.
"In your premise, how did you know to get out?"
What? I didn't trade this, I was simply drawing lines and looking it over. The 16 ticks shown is using the chart calculator. I don't usually take a trade at the open, but if I had traded this, I would likely have gotten scared at the first sign of red and closed the trade, without thinking it through. Or I might have decided to have some self-control and trail behind the one minute....which would have given a few ticks. Both of those scenarios aren't the way I trade.
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Yeah, I know... that's why i said - "That's not even the same 5 min chart, Homer, lol."
That's the same product, sho nuff, but not the same 5 min chart. Know that I mean Vern?
The first red Scare Exit?
C'mon, lol.
What do your stats say about that one?
Are you a rules based trader?
