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No..I was trading 2 contracts on many days for the last several weeks. Some days only 1. I just figured to go ahead today and see what would happen. I'm going to try the rest of the week. I'm not too worried because I never take large stops..plus I usually can tell if it's going to be a choppy, lousy day.
If, however, I feel I am getting too nervous or it becomes too stressful, I will go back to 2.
@lancelottrader, congratulations on your success. You might've mentioned this in a previous video so sorry if it's repetitious, for your support/resistance lines that you draw, are you using the 5 min chart for those or do you go up to even higher timeframes? Thanks for your posts and videos.
Hi..yes I like Tick strike although I want to make it clear I am not trying to promote anyone's software or indicators on this thread. I just show it because it's something I use. As far as your question regarding my setup, I'm not sure what you mean exactly. I have the Tick strike subscription to Cl..so that's what you are seeing.
I use a variety of timeframes when mapping out my areas of support and resistance. I look at 30 min, 5 min, 1 min..and even the 2 range to find areas that aren't easily seen on higher timeframes. I then code them with colors according to where I feel I could get a strong reaction..or possibly just a bounce. Knowing these areas and how price reacts when it hits them can help time an entry. This way you won't trade into an area ..have price bounce 20 ticks against you..and stop you out.