@Wolves
Ok interesting exercise.
Including HL/LH as expectations = 35 out of 45 = 77%
Only NSH/NSL as expectations = 18 out of 28 = 64%
Friday's action.
Tempted to do this for an entire week to get a gauge. Unfortunately I can't use prior days now because the bars change on Ninja when you shut down the platform or switch the chart symbol / timeframe, so any old information won't be 100% accurate. I'll have to remember to do this after each live session.
Re-entries are difficult for me to initiate, a lot of times my mentality is that if I try a position and I get stopped out right away then it prob is not set to workout at that time and I should wait for something to change. Although I *know* that this is not the case and that re-entries are viable, it's still a mental roadblock I have.
You can see I tried re-entering YM a few times on Friday and with re-entries I feel the need to watch them like a hawk because I have less expectation that they'll workout.
Question on your orange circles - you're referring to how bar 1 is going with the immediate price direction and then an opposing candle rotates and erases that candle's gain, right? I think these are called 2 bar reversals. Do you like entering on these?
Ok interesting exercise.
Including HL/LH as expectations = 35 out of 45 = 77%
Only NSH/NSL as expectations = 18 out of 28 = 64%
Friday's action.
Tempted to do this for an entire week to get a gauge. Unfortunately I can't use prior days now because the bars change on Ninja when you shut down the platform or switch the chart symbol / timeframe, so any old information won't be 100% accurate. I'll have to remember to do this after each live session.
Disliked{quote} Hi Jmezz, yeah, i see what your saying now, and if your fed up with being stopped out and then price going in your original direction then i know that one all too well. ultimately i think the best way to trade is whichever way we feel makes the most sense to us. however if i can just play devils advocate on the chart you posted, if you had gone long on the first rotation (yellow line) with a view to a 1:1 completion you would have been stopped out. but if you'd gone long on the second rotation it would have been a winning trade, leaving...Ignored
You can see I tried re-entering YM a few times on Friday and with re-entries I feel the need to watch them like a hawk because I have less expectation that they'll workout.
Question on your orange circles - you're referring to how bar 1 is going with the immediate price direction and then an opposing candle rotates and erases that candle's gain, right? I think these are called 2 bar reversals. Do you like entering on these?