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elovemer
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Status Updates posted by elovemer
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sorry. I don't see any pm's. maybe my setup is wrong on TL .
i will check it again to make sure it is able to receive pm's.
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....that would be great.
rule of ten. last pivot.... then ten points. is a signal.
9-10 points. stop is 3 points.
no entries at the close.
if 3 points from pivot.... move stop to the turn.
if 3 points from actual entry... move stop to actual entry.
targets are 3 points, 5-6 points, then 9 points
10 points is reverse position
10 points from prev 4 pm close is also important when volatility is high.
on gap opens, count starts from the open... does not include gap.... unless gap is 1-2 points.
best signals happen at the open.... or shortly after the open.
in a trending market.... only take signals in direction of trend.
for example if trend goes 20 points one way .... look to enter on a ten point retrace.
6 points target is 80% win rate 10 point target is 33% win rate
preferred charts are 5 min spx cash chart.... alongside a 5min globex chart of ES contract
and maybe a 5min IWM chart
no indicators.
except maybe a 100ema