I forgot to mention that I do not trade the first 30 to 45
minutes and last 30 minutes of the day. The market needs to
settle out. With this system, if there is a losing trade, it
often occurs with the first contra bar against the beginning of the
trend. If a trend is just starting, say 4 or 5 bars, watch
out for the first pull back against the trend. It is often
shallow and won't meet the 3 tic target. Thanks
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I forgot to mention that
Trading ES
Posted by cg9150 on 24th of Feb 2019 at 09:18 pm
I forgot to mention that I do not trade the first 30 to 45 minutes and last 30 minutes of the day. The market needs to settle out. With this system, if there is a losing trade, it often occurs with the first contra bar against the beginning of the trend. If a trend is just starting, say 4 or 5 bars, watch out for the first pull back against the trend. It is often shallow and won't meet the 3 tic target. Thanks