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Glad to see you posting again. I have a question ........if a 597 tick chart and a 144 tick chart for the CL fits my trading personality, what would you suggest the tick chart settings be for the 6E, ES and TF?
Thank you for reading my question,
Rick
"If you're going to panic during a trade............. panic early."
Its more about targets .. i have those time frames because the move on those combination gives me enough for my target .. for example here it gives me enough to cover my losses and make my daily goal in one or 2 max trades .. that's what i am looking for every day one or two winners.. so to answer your questions .. tf will be same if you are targeting big swing smaller swings 89 tick with 377 will do .. on 6e you will need to increase it to 377-1500 to get similar moments to tf .. for es you will need to back testing because i don't trade it much whenever i do i trade of 377-1500 combo .. but that was a while back i haven't tested it in recent months. Hope this helps
It's a 55 Ema.
Thank you all for reading .. and good luck with your trading..
I too would like to offer my sincere thanks for what you're sharing here.
Like some others, I have recognized the power of the trend but struggled to develop a consistent approach for taking advantage of it. What you have outlined seems to fit nicely with my current mentality (1 or 2 trades per day) and the Fib measurements that I've used for quite some time.
I have a couple of questions, so I'll share the charts of my live sim trading for today with the questions directly on the charts.
Thanks for any answers and additional insights you may have.
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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I am glad this thread is helpful to you .. Regarding price action on smaller tf it all depends on your rules you need to repeat them again and again in this case you did that so that's perfect .. the way to enter the short is at the break of that 2nd swing on breakout .. your stops will be higher but that's the only way you are going to catch the initial fall .. other way is to wait for retracement to go short .. i would wait for the later .. best way to figure out is to do a backtest on both the setups and see which one is better suited for your timeframe .. hope this helps.
I have started a new journal where i will post my trades and thoughts i will still update this thread when i find something meaningful to post. Hope you all are having a great time trading.
I stopped journaling a while back because i was in a routine and it was same and to be honest i got bore of it because my trades were same my risk reward all was same for a long time. But now things are different and because they are different i needed …
hi jinhar,
thanks a lot for your journal.
I make some trade and i realy have some problem where i can exit it.
I take it bc i saw a B setup.
Can you explain wht trigger your exit in your trades?
Thanks
Your chart pic is too small can you please upload a bigger screenshot .. please give me details which instrument timeframe you are looking at and at what time ..