Everybody likes that. Easy and simple to remember

The yellow line is the trade management's trendline.

[shrike]

Hi Tresor

sorry i didn't post the charts , i meant ES 5min chart .

last chart you posted has 2 Wolfe , former bearish and the latter bullish,?

[BlowFish]

Originally Posted by Tresor »

Everybody likes that. Easy and simple to remember

The yellow line is the trade management's trendline.

Hmm not sure I completely see that.....it would not have existed yet at the entry point if I am reading your chart correctly? (Probably I am not). Incidentally I see this thread has been going over 2 years now!!

Originally Posted by shrike »

Hi Tresor

last chart you posted has 2 Wolfe , former bearish and the latter bullish,?

You mean something like this? Blue being a bearish one and red being a bullish one?

[shrike]

yes tresor right, i've seen well ?

Originally Posted by shrike »

yes tresor right, i've seen well ?

You have a good eye with one reservation: the blue bearish something has 4 components of a Wolfe that has 100% odds of reaching EPA. The red one has only two such components, so I would estimate that the chances the red one reaches EPA are 50% or less.

[BlowFish]

Not sure if I am on the right track I guess the trade is somewhere round where I marked. The way I see it the stop line could not be drawn until the trade was half way done. Just wondered how you handled initial entry and stop? (some sort of price action perhaps?)

Edit: I added a couple of stop lines that might have been considered sooner but where quite steep.

Originally Posted by BlowFish »

Not sure if I am on the right track I guess the trade is somewhere round where I marked.

You marked the trade correctly. Only I was a bit late for the trade. Was doing other stuff in the meantime.

Originally Posted by BlowFish »

The way I see it the stop line could not be drawn until the trade was half way done. Just wondered how you handled initial entry and stop? (some sort of price action perhaps?)

I exited when I needed to sleep. Otherwise I would not mind the bumb that occured. Such bumps are quite frequent on the way to EPA.

Originally Posted by BlowFish »

Edit: I added a couple of stop lines that might have been considered sooner but where quite steep.

The lines are okay.