every Saint has a past. Every Sinner has a Future
Roadmap - A Way To Read Markets
- #2,663
- Jul 13, 2020 10:51am Jul 13, 2020 10:51am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #2,665
- Jul 13, 2020 1:30pm Jul 13, 2020 1:30pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Whooop - peee.....they are open. Got a hair cut and a muffled conversation with the barber.
every Saint has a past. Every Sinner has a Future
Hi Laura, hi team,
Thanks for all the effort you are putting in, as the extensive adaptations and journal etc.
Thanks to the people who made the indicators, templates, add to the discussion etc..
I've been reading the thread since couple days, backtested a bit with bluefx. I'm trading a similar system but yours has more confirmations.
The 2 trades below I did not catch with my system because of time restraints, but yours gave a decent entry later on, whereas my setup didn't.
I will keep reading further and demoing more, but so far I'm quite happy to have stumbled on this.
Thanks and greets
Thanks for all the effort you are putting in, as the extensive adaptations and journal etc.
Thanks to the people who made the indicators, templates, add to the discussion etc..
I've been reading the thread since couple days, backtested a bit with bluefx. I'm trading a similar system but yours has more confirmations.
The 2 trades below I did not catch with my system because of time restraints, but yours gave a decent entry later on, whereas my setup didn't.
I will keep reading further and demoing more, but so far I'm quite happy to have stumbled on this.
Thanks and greets
It was a roller coaster on Dow today - Almost 500 points up and 500 down from Asian open yesterday.
Unfortunately I was able to get into only towards the end and it was still worth for 150 points or so, it fell another 100 points or so after I exited
Other day there was a question on how far away from SMA is too far away, this is one of the case where the SMA was atleast 100+ points away from my entry, however my decision to enter was due to 3 different reasons.
1. The channel failure on long side did not happen and a subsequent retest of SMA failed
2. The entry was just around the recent S/R level when you look left
3. PA crossed SMA on M5 with a strong down move. In the end price continuously printed outside the channel for the entire downside move.
Unfortunately I was able to get into only towards the end and it was still worth for 150 points or so, it fell another 100 points or so after I exited
Other day there was a question on how far away from SMA is too far away, this is one of the case where the SMA was atleast 100+ points away from my entry, however my decision to enter was due to 3 different reasons.
1. The channel failure on long side did not happen and a subsequent retest of SMA failed
2. The entry was just around the recent S/R level when you look left
3. PA crossed SMA on M5 with a strong down move. In the end price continuously printed outside the channel for the entire downside move.
- #2,671
- Edited 8:55am Jul 14, 2020 3:26am | Edited 8:55am
{quote} 1. You have to be careful of deep retracements like this it could be the beginning of a new trend. there was a gap up and then gap fill. You could have traded the gap fill but that would have been my target. 2. The long wouldnt have been a set up for me as it hadnt made a higher high on the previous up move it looks like it might be in a range. As you can see there is a range and you will need to wait and see some higher highs and high lows or vice versa. I marked the entry I would have taken for a long. {image}
DAX is ranging about 11 hours as well.
- #2,676
- Jul 14, 2020 10:33am Jul 14, 2020 10:33am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
