First off I traded off one minute bars, so distances are geared for this timeframe.
I have gain little info from losing trades, too many people try to made them into winning trades. It can happen when trading options but too much risk trading underlying. I have gained much information from winning trades, how many minutes, seconds, days, weeks to get to enough in one direction to lock in small increment or get rid of one side of option spread, learn by winning trades how far the protective stops should be capturing 90% of them, but also wave lengths or wave ranges should be studied as their are corrective waves what are called by others "dip or retracement" and where entering on breakouts puts signal in which quarter of the distance, too high and often giving many way to get out of their longs and you late to party getting in.
I never used "thrust bar" as way to get in other than trend. Some of the management rules have to do with before the signal. You have perfect retracement signal except the distance from lowest pivot of Swing low is eight points from now, it is due for reversal over 50% of the time, so I have much less than chance of trade going up, price has set up Triple tops or quad tops, or well defined double top(double tops by themselves are poor signals) you want tight clustering, Head & Shoulders, these are all great at areas where ES should reverse, so even though a signal might look to take, other factors should be in your trading plan to negate the signal, newbies often take two signals a day where experienced traders don't.
Megaphone patterns I have tested for my trend entries, one that fails is retrace then breakout as I be getting in area where in megaphone most likely will reverse, whereas retrace to Bollingers, you getting in much deeper and where you might be getting into breakout trade, often getting out with two points. Deep enough retracement that most would not take a trend trade but not so much as breaking last two pivot lows. I don't stop taking all trades in Megaphone, but you find what signals don't work for you.
Also, I would trade fifteen minutes before opening and then hour after as I think it offers easiest trends, whereas after it is like pulling teeth for me to make more than 2-4 points while having to risk more than 3 points.
But I am not "Doubles/Homerun" day trader, I average small amounts for the week $13.50 to $50 based on each original entry, I do much better on the ave by averaging down where that goes $24.50 to $99. But if you trade three/five minute, you have to study what lengths are the swings and counter-trend waves. I risk more than most, but I don't want to get stopped out on noise of one minute timeframe.
Study range of signal bars, if counter wave is 4 points and signal bar it 3.50 points long and you getting in 2 ticks above high, you getting in near high of the expected wave top, and since you want to risk before the bar's low, risk exceeds 3 points. So range of bars matter for me. Detest inside bars and Dojis unless they are island tops/bottoms after eight points, too many do the rest.
I have gain little info from losing trades, too many people try to made them into winning trades. It can happen when trading options but too much risk trading underlying. I have gained much information from winning trades, how many minutes, seconds, days, weeks to get to enough in one direction to lock in small increment or get rid of one side of option spread, learn by winning trades how far the protective stops should be capturing 90% of them, but also wave lengths or wave ranges should be studied as their are corrective waves what are called by others "dip or retracement" and where entering on breakouts puts signal in which quarter of the distance, too high and often giving many way to get out of their longs and you late to party getting in.
I never used "thrust bar" as way to get in other than trend. Some of the management rules have to do with before the signal. You have perfect retracement signal except the distance from lowest pivot of Swing low is eight points from now, it is due for reversal over 50% of the time, so I have much less than chance of trade going up, price has set up Triple tops or quad tops, or well defined double top(double tops by themselves are poor signals) you want tight clustering, Head & Shoulders, these are all great at areas where ES should reverse, so even though a signal might look to take, other factors should be in your trading plan to negate the signal, newbies often take two signals a day where experienced traders don't.
Megaphone patterns I have tested for my trend entries, one that fails is retrace then breakout as I be getting in area where in megaphone most likely will reverse, whereas retrace to Bollingers, you getting in much deeper and where you might be getting into breakout trade, often getting out with two points. Deep enough retracement that most would not take a trend trade but not so much as breaking last two pivot lows. I don't stop taking all trades in Megaphone, but you find what signals don't work for you.
Also, I would trade fifteen minutes before opening and then hour after as I think it offers easiest trends, whereas after it is like pulling teeth for me to make more than 2-4 points while having to risk more than 3 points.
But I am not "Doubles/Homerun" day trader, I average small amounts for the week $13.50 to $50 based on each original entry, I do much better on the ave by averaging down where that goes $24.50 to $99. But if you trade three/five minute, you have to study what lengths are the swings and counter-trend waves. I risk more than most, but I don't want to get stopped out on noise of one minute timeframe.
Study range of signal bars, if counter wave is 4 points and signal bar it 3.50 points long and you getting in 2 ticks above high, you getting in near high of the expected wave top, and since you want to risk before the bar's low, risk exceeds 3 points. So range of bars matter for me. Detest inside bars and Dojis unless they are island tops/bottoms after eight points, too many do the rest.
it's a trend killer ,but Megaphone days may have opportunities .in your charts an EMA goes to middle of candles (goes through them) in the initial phase of chart as well as volume increase in pullbacks on megaphone's lines.BB and maybe other types of channels may offer trades for this chop markets .i hope i can get what you mean clearly. you mean in these days you are not interested to trade at all OR you just don't trade your trending strategies due to your own money management rules OR you trade these days with strategies designed for congestive/chop market?
