One trade on YM today, as I was on the medium term order flow with the large swing to start the day. Since the swing was so large, I just followed the immediate order flow until it failed, which was my stop.
2 Trades today on YM. Was on the more medium term order flow versus immediate. First trade needed a rescue to net +6. Looking back probably should have moved to BE as price was close enough to interacting with the high to warrant it. Second, still in with expectation of NSH.
Nice harmonic plays from a few of you on your trades.
It seems like a lot of you guys also trade Harmonic patterns. Do any of you have any backtest data/live performance data on these patterns? I am currently doing some backtesting of the ABCD on CL and it appears to be profitable so far. Just curious if any of you guys have any statistics.
Today was an adventure, as I worked in some pattern completion trades as the "aggressive C" winners went to exhaustion, at the same time. Could hardly stay up with drawing retracements, extensions, areas of interest and plotting the next opportunity. Made many mistakes, including getting used to the NT software (accidentally placed two trades instead of the one) in a fast paced situation. But worked on some rules for the pattern completion trades - did not hold on long enough to one - could have been a big winner vs a short winner and loser. Felt like a train wreck, but ended on the positive side.
6 Trades: -28 (rescue), +67, +13, -62 (failed rescue), +67, +14 (placed two trades here vs. one)