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Making of a method
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eliminate pre market data, transfer your trades to 5 minutes chart, you will see, trade 1 bought at the top of buying climax, which should wait patiently for more pull back; trade 2 shorted at the bottom of trading range, which should wait to buy; trade 3 bought without clear buy signal; trade 4 bought at end of three push-ups, which will lead to hours of trading range or reversal.
What is a clear buy signal?
What is a clear buy signal?
Something you should have tested and defined a long time ago. The market sends out the same group of extremely accurate change signals day in and day out. Only the context differs.
The first arrow I drew is called a PP6. Take 50 charts and find all of the PP6's. Use hindsight to discover which ones the market invalidated as change signals vs. those that it didn't.
Ask yourself what differences in context were present during those that didn't signal change. When you find a constant, remove all PP6's with said constant present. Now you have an even more refined signal for change. Rinse and repeat as much as necessary.
This doesn't have to be guesswork.
Something you should have tested and defined a long time ago. The market sends out the same group of extremely accurate change signals day in and day out. Only the context differs.
The first arrow I drew is called a PP6. Take 50 charts and find all of the PP6's. Use hindsight to discover which ones the market invalidated as change signals vs. those that it didn't.
Ask yourself what differences in context were present during those that didn't signal change. When you find a constant, remove all PP6's with said constant present. Now you have an even more refined signal for change. Rinse and repeat as much as necessary.
This doesn't have to be guesswork.
Heroic you posted something a few months back that invalidates all of the above.
Heroic you posted something a few months back that invalidates all of the above.
If such is true, it would be much more likely that my recent post invalidates whatever you're referring to, not vice versa.
Edit - I think it's probable that your perceived invalidation is a communication breakdown between the two of us. I can't think of any contrary developments in my thoughts about the market in the span of recent months.