Thanks for your post.
I show a mae of about $570 / contract with a standard entry around 2:53.
How much heat did you fade by riding that nq call made yesterday at 2:53?
What was your mae for that trade?
NQ....Inverse Head & Shoulder Pattern
- Thread starter Rickshaw Man
- Start date
Thanks for your post.
I show a mae of about $570 / contract with a standard entry around 2:53.
How much heat did you fade by riding that nq call made yesterday at 2:53?
What was your mae for that trade?
Yep there are always patterns in a trading range and mostly meaningless other than scalping setups. There was also a regular H&S which did nothing. Ranges and trends are different animals and call for different techniques.
Perhaps I'm revealing my own limitations here, but I think all setups best start as "scalp" setups.
The real money is in the big moves which require not only the cognition but patience. Scalps are a more difficult game, they are attractive as there are so many setups but the disciplines required are well beyond most pikers. Of course initial targets can be modest given a conservative trade plan.
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Look for bullish patterns in a bull market. Look for bearish patterns in bearish markets. Simple as that. Use your stops.
Thirteen-year bull market, new all-time highs made monthly. Heck yes, its hard to go long after making yet another all-time high. But that's what we do if you want to play this game.
Thirteen-year bull market, new all-time highs made monthly. Heck yes, its hard to go long after making yet another all-time high. But that's what we do if you want to play this game.
Then why have you been using stops on your longs in a 13-year bull market?
You make zero sense.
Rickshaw Man, When was the last time trend changed one to the other for you?
I'll answer that for him, since he will never answer it himself.
Remember when he vanished during last year's collapse? He came limping back saying he had to take a huge stop-loss hit? He never gave us the numbers on that hit, so we must assume he blew out his account because he over-levered the futures.
What he is doing now is trying to claw his way back to BE after depositing another 6 figures into his account that his daddy gave him. Prove me wrong, Rick. Post some statements, and BELIEVE in your thesis.
We shall see. No reason not to. Relex Have a Homebrew.
Rickshaw Man, When was the last time trend changed one to the other for you?
Ug! *smacks*