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note: I do add more contracts if one directional move fails so it doesn't take as much to make up loss, also trades 2/3 price moved so fast on small time frame noise got me before I could adjust, hindsight you cant see speed
early am targets where 1416,1418, and 1424.75 these are if market has enough movement to get to these points, on retrace I use prior levels for support
@tigertrader is this a trend? Ok I know what your going say why didnt I trade it, ummmmm no good answer............. I gotta apply some tiger wisdom to improve huh....nothing beats experience
Open up pc at 10:58 saw entry did 2 trades while taking care of other stuff, I knew market would be consolidating today so not to interested in playing ping-pong
trades
1) .50pts
2)1 pt
done for day 10:58-12:30 not to bad for the time invested
Goal for next week be active in markets more, still trying for good R2R (risk to reward) throwing around idea of trading for 6 pts a day min
Doesnt matter which bar type you use, areas of support/res is the same. You can look in downloads here on futures.io (formerly BMT) for BetterRenko bars they are similar to the Rjays Renko Hybrid that I am using, but I also use Tick,Min and Vol bars. I switch around to keep from getting bored
Not sitting behind desk much. I'll probably bounce in and out during day for a little while longer. Today I came in for lunch took first trade thinking market was going up make new highs, took loss, Then flipped left again. Im doing my end of day reviewing today moves