If I have your timming correct, we are waiting for two more bars to start looking for a signal. Can you confirm. If I'm right it doesn't look good for a trade today.
If I have your timming correct, we are waiting for two more bars to start looking for a signal. Can you confirm. If I'm right it doesn't look good for a trade today.
Mitch
Ignored
The current bar is not relevant. The close of the next bar is what we are concerned with.
This would be a perfect entry for a push into the 50% ret. The dominant down trend has me a little paranoid but the recent higher low could be in our favor. Thoughts anyone??
This would be a perfect entry for a push into the 50% ret. The dominant down trend has me a little paranoid but the recent higher low could be in our favor. Thoughts anyone??
Michael
Ignored
Follow your system.
If you make it up as you go, it isn't a system.
I believe in sticking with your system but the 38.2 has been a strong resistance. Would it not be wise to wait to see if one of the 3 bars closes above the 38.2 before taking a Buy Trade
I believe in sticking with your system but the 38.2 has been a strong resistance. Would it not be wise to wait to see if one of the 3 bars closes above the 38.2 before taking a Buy Trade
Ignored
I hear ya. However, we are going to forward test the same way we back test. Entry in less than a minute baby!!
I believe in sticking with your system but the 38.2 has been a strong resistance. Would it not be wise to wait to see if one of the 3 bars closes above the 38.2 before taking a Buy Trade
Ignored
I think there is always a TA reason to not take a trade.
It may be a fib you don't like, some candle formation you don't like, it may be butting heads with some moving average...etc.
I think there is always a TA reason to not take a trade.
It may be a fib you don't like, some candle formation you don't like, it may be butting heads with some moving average...etc.
Something can always be found.
Ignored
Couldn't have said it better Bill! BTW, I hope everyone is trading this on a demo account.
For you crazy people who are willing to trade it live, I suggest 1% risk.
