I was doing a bit of that during my back testing. It works really well, but I don’t know if I have the b@lls to do that live lol. Congrats on catching that. Same to you Rod, really great.
I’ve been using the AR high/low retest for a while now for continuation trades, to trade in line with the HTF MS. The nice thing about it, when it works, is that you can use a very tight SL, say 10/15 pips (I used 10 today). Risking even 0.5% with a 10 pip SL, you will make a very nice percentage return, if it keeps running in your intended direction. It comes back to what Rod was saying, high R:R is what its all about.
Also, a consistent 20 pips a week is nothing to be sniffed at. That will build your account rather rapidly!
fiber, where might it turn long?
127 ext is at 2964, 162 at 2918 round to 2920 level, 200 at 2880…
it came down so fast it could react at this 2970/80 area
Stopped out for BE. Never seem to have much luck NYO. Maybe the ‘giveaway’ was that the retrace was at 79 and not the more ‘bearish’ 62.
On another matter - Has anyone seen the Steve Mauro material on “Market Makers”. Seems rather ICTish. All about stop hunts on M15 TF, using MM profiling.
oh yes, the news is known to many of the select some and they position, and use the news event to do what they want to do anyways. an opportunity to boost trading to super highway speed.
great news trading guys, congrats, i was not in the short move, was in the first Judas long, and the after news long with s/r lines
Cheers peterma, looking forward to exchanging ideas around again and narrowing my focus, been a bumpy few months but holding my own (at the minute anyway)
Hello guys, today had very good day got more pips than expected never realised it is possible to get such results in day trading. Anyway Fiber and Cable looks interesting Both looks like MM sell profiles, but the USDX sits on Daily OTE interesting day tomorrow gl
Yes I’ve no bias either way, EUR/CHF is interesting, but it’s the swissie not the euro - all rumour based, so could retrace tomorrow LO and maybe take fibre down a little with it - usdx looking bullish hr1, news at nyo so it’ll be good.
Glad you had a good day Kuzia - that’s what it’s all about.