The 15 minute chart

[golablue]

Quote from Thunderdog:

Damn, I have absolutely no idea what you are talking about. I assume you refer to ES on the 17th, and I see nothing using a 15-minute chart. I trade NQ using a much, much shorter time frame, so perhaps I am out of my depth. To my simple mind, a 15-minute time frame for intraday trading is akin to using mittens to tie shoelaces. Not that I expect you to tell me or anyone else, but I would love to know what the heck you see in that Rorschach-esque 15-minute ES chart on the 17th.

As I stated earlier, I'm a price action guy....so I watch H's and L's only.

Nothing else.

 

[Thunderdog]

Quote from golablue:

As I stated earlier, I'm a price action guy....so I watch H's and L's only.

Nothing else.

I'm a price-only guy, too. Even so.

Just curious, does your method allow for a full setup before bar completion? And approximately what size were your intial protective stops on the 17th?

 

[stock777]

this has been a very tought market.

my win rate is down from 89% to 83 %

 

[stocksster]

Quote from stock777:

this has been a very tought market.

my win rate is down from 89% to 83 %

that's still pretty good!

 

[golablue]

Quote from Thunderdog:

I'm a price-only guy, too. Even so.

Just curious, does your method allow for a full setup before bar completion? And approximately what size were your intial protective stops on the 17th?

Yes, entry and exit are made before a bar completes......always.

The market tells me when I should be in and out.

The market also tells me what my stops should be......different everyday trade because volatility is always changing......

 

[golablue]

Quote from stock777:

this has been a very tought market.

my win rate is down from 89% to 83 %

Interesting stock777.......mine is unchanged.

 

[Bakinec]

Quote from golablue:

Yes, entry and exit are made before a bar completes......always.

The market tells me when I should be in and out.

The market also tells me what my stops should be......different everyday trade because volatility is always changing......

How do you know whether to go long or short? In other words, how do you determine when a bar is a top and when it is a bottom? There is no way to know that unless you're a clairvoyant. Do you trade on a real account or paper?

 

[Thunderdog]

Quote from golablue:

Yes, entry and exit are made before a bar completes......always...

No, my question was whether entry setup requires full bar completion, not actual entry itself. If entry setup does not require full bar completion, then that makes backtesting and end-of-day review a bit more troublesome.

 

[vindicator]

Chart characteristics produce "repeatable patterns" are arbitrary. use what everyone else is using to see what they see. NOW subtract 10 secs GET THE JUMP ON THE BASTARDS!!

 

[golablue]

Quote from Thunderdog:

No, my question was whether entry setup requires full bar completion, not actual entry itself. If entry setup does not require full bar completion, then that makes backtesting and end-of-day review a bit more troublesome.

Entry setup does not require full bar completion.

I never wait for the bar to complete before I enter, otherwise I'd be late to the party.