Did anyone trade the us reversal?
Well ... bad time, stress and I did not realize it ... so it turned out
- #70
- Oct 18, 2013 6:06am Oct 18, 2013 6:06am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
hi jtee1 could u pls share ur trading rules with us?
Rules are pretty much in the first post for system. But market opens and news i treat seperately regardless of indicators. Just look for signs of continuation or reversal at market opens through fundamental news and from there its pure speculation. When up 5 pips its BE time and eliminate most losses with system, that I believe has made me profitable. It has eliminated some good winners also, but i just get back in on next signal. I set alot of straddle trades at consolidation periods and wait for breakouts either way and manage from there. Usually it only hits one stop order and goes. I just let the market get me in and make the decision for me. Been a good month already up 38%. Summer months averaged 20% and had to work at that.
Just look at us opens and see the patterns. Statistically it will reverse, but i play both sides with straddle trade. The 5 or 15 min donchian breakout or just high or low of consolidation plus 5 pips.
In above pic i added a longer period ichimoku for referance. Every indicator is just a line in the sand that price crosses. I still love to scalp the 1 min thv but this is more long term trading or trying to catch the runner. As you see from yesterday. I was not home yesterday and lost 90.00 on phone trading.
JTee1
- #71
- Oct 19, 2013 7:31am Oct 19, 2013 7:31am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Post 69 chart zoom. Break of yesterdays high and all triggers meet for system to buy on same candle. 1 2 3 pattern already eastablished and broken. New HH and LH. Both ichimoku says buy long and short term. Still no guarantee on outcome just entry. Most important part is to manage trade. Friday is good time to take profit and get out I was up almost $200 and closed with 2.8%.
JTee1
JTee1
