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Orin,
Since everyone else seems to be on vacation right now, thought I'd chime in about your comments in the 4/3 video about not using stops.
In my opinion, that would be a bad idea - even though it's working for the trader you met, a stoploss has to be congruent with the method used. I believe this technique works primarily because of using small stops (and of course letting the profits run). In fact, even using your 7 tick boundary may be too much if you dont tighten it up when you have the room to do so... but the most important thing is that you set it having a TECHNICAL reason for where you put it - like a tick above the high/low of a potential pivot, in which case you can use an even larger or smaller boundary as needed.
If you can minimize it though, you can take several trades without suffering or losing your mindset. For example, with your entry at 838.4, you could have been stopped out with only 3 or 4 ticks instead of 7 and you may then have been more comfortable jumping back in at that double top. Since you've gone live, it looks like you're looking for the one silver bullet trade, but I'd suggest trying to tighten up your stops and not being too reluctant to pull the trigger more than once.
I havent looked at ur charts or anything but I spent probably a yr or more just going from tick, min, range, volume, and second for crying out loud! And indicators too, in that mode we tend to go back to varify that we dont like something just to be sure..am I right?
Its a process we all have to take, it comes down to sayen enough already! Stick w/ the one thing long enough to know it inside & out. If I give any advice Id say check this out. Price structure.
These were the build up to the purchase of Bear market Bulldgo which I eventually bought. 95% of the material is in these free promo's.
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** I've come to recognize that it's NOT a good idea to show stops either. I used to get stopped out in stocks as well (many years ago) by one or two ticks numerous times per day- it drove me crazy..
But what do you do if you have NO stop and you're in a position and you lose your internet connection ????? My solution was to use a LARGE resting emergency stop at the broker(maybe 2x-3x your "real" stop) and a much smaller "real" stop, that I put on the chart as a horizontal line, that when breached by price action (alert goes off) and I close the trade.. you MUST be disciplined to do it this way, but it solved the problem for me.
Also you might find it handy to start with a little bigger stop initially and shorten it up as the trade goes in your favor.
Blueline said “dive dive” and turned out to be correct. Used 9/30 method; first trade good, second trade indie worked but I flubbed the entry , third indie failed by a tick. Fourth 9/30 went well but I bailed on a small pullback. Next trade was at SR line. Went 7 ticks and I should have gotten out from it’s long grind with some profit but instead watched it go to stop. OK, I’m trying to watch too many indies. Paying attention to my primary indies, I might have picked up on the strong V down on MACD 4181 at 9 AM Central and gotten 10 points. I did have "dive dive" short in mind...or did I forget?
Two 9/30 trades today. Both worked out. Again, I missed a sharp V MACD 610 move up at 9 Central. The 75 K had a nice head and shoulders forming which played out, moving up.