so guys, I simply employ that higher low stop method for my day
trading as well. It's fractal.
here's what I have done today on ES so far. I saw that coil on
the 5 min SPX this morning, then looked over at my tick charts and
saw an entry and a place for a stop, then I simply trailed my stop
up all morning until lunch, was able to raise my stop about 6 times
before getting stooped out around 11:50 CST.
I just re-entered a new ES long at the end there with an initial
stop at the higher low near 3280.25
again I'm showing this because that higher low stop method is
applicable basically to any time frame you are trading. So
even though my last stock examples have been for daily charts, it
works on fast 1 min and tick charts.
and last thing - trading is not an exact science and there's a
feel to it. you might exit a trade earlier than a stop based on
seeing divergence and other things.
here's an updated trade on that ES day trade As you know on the
last post I showed where I re-entered. So you can see how I got in,
stopped out for small profit. Then got back in now have 3 new
stops
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so guys, I simply employ
Stop example on a less idea trade setup T
Posted by matt on 13th of Jan 2020 at 02:11 pm
so guys, I simply employ that higher low stop method for my day trading as well. It's fractal.
here's what I have done today on ES so far. I saw that coil on the 5 min SPX this morning, then looked over at my tick charts and saw an entry and a place for a stop, then I simply trailed my stop up all morning until lunch, was able to raise my stop about 6 times before getting stooped out around 11:50 CST.
I just re-entered a new ES long at the end there with an initial stop at the higher low near 3280.25
again I'm showing this because that higher low stop method is applicable basically to any time frame you are trading. So even though my last stock examples have been for daily charts, it works on fast 1 min and tick charts.
and last thing - trading is not an exact science and there's a feel to it. you might exit a trade earlier than a stop based on seeing divergence and other things.
Very Cool, wish I could
Posted by Orangeman on 13th of Jan 2020 at 04:04 pm
Very Cool, wish I could trade tick charts on tradingview.... which reminds me -
@Matt - Any update re offering the BTP deluxe (red/green MA) indicator/study on Tradingview? Thanks.
here's an updated trade on
Posted by matt on 13th of Jan 2020 at 04:15 pm
here's an updated trade on that ES day trade As you know on the last post I showed where I re-entered. So you can see how I got in, stopped out for small profit. Then got back in now have 3 new stops