Daylight Trading Strategy

Quoting shotshell

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interesting situation - one hour chart - sell signal 3 bars ago, followed by buy signal - both sort of iffy - think I'll stay away - {image}

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Quoting LauraT

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UJ long. {image}

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Quoting LauraT

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UJ long. {image}

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Quoting LauraT

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{quote} Mr T makes an excellent point, which I want to expand upon. Although I said Daylight was more rules-based than Roadmap (which it is), there is still a lot to be gained from thinking in a Roadmap mindset. By that I mean seeing the overall picture and not basing the whole analysis on a single indication/indicator. As we progress, I will post more, and provide further examples, on how we can be flexible in our thinking and respond to what is unfolding, even if our indicators don't (yet) agree.

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Quoting needtolearn

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{quote} Hi Laura, do you use the arrow indicator as a signal or do the arrows not matter. Asking this because my charts showed a lot of arrows while I only see one buy arrow in your chart. {image}

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Quoting turnip15

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{quote} Thanks Laura. I have noticed a lot of "traders" fixate upon indicators, with something akin to binocular vision and lose sight of price action, its' levels and momentum. I have just had a couple of trades on Nasdaq today but spent most of the time waiting for price to show momentum or react to levels up to 4pm today. So a boring day/session compared to others but these chop sessions can inflict confidence sapping harm. I am Road mapping but just popped in to say "hello."

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Quoting LauraT

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GU long. {image}

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