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We must love the development by the end of the session on Fri. The real tip Market gave the second time. It was a big one. We will stay with bears for some time.
Some time back you mentioned, you will often pass on setups where the stop is greater than 3pts when trading off the 5min chart. I'm curious with the added volatility of late, have you reconsidered that rule of thumb. Are you taking wider stops now, or are you still insisting on 3pts max for your stops?
For me and I hope for everybody here what important is description and clever application of VSA strategy. That is all. We do not care about Feibel's actual entries and exits, stop/loss as well as his profit and loss. This is just 2d, or 3d view on how to see the market. After reading Weis I understand Feibel's descriptions more. However I would pay to see Feibel's demonstration.of real trading.
I really did have a good laugh when I saw your post, you have a love/hate relationship with this thread, it irritates you so much but you keep coming back
Relentless and persistence - good traits to have as a trader
Of course this is completely contextual and dependent on many factors (background conditions, structure, whether one thinks in risk/reward terms etc)
Volatility is a traders best friend as the market offers more opportunities, however as the market moves fast and spreads increase, it can be more difficult and tends to unnerve the best of traders. Adaptability is a skill that traders must develop, especially with our methodology as we read each bar as the market unfolds.
Trading of late hasn't discouraged any trades to think of, if one finds that stops are out of their comfort zone, it's wise to reduce contract size. If your normal clip size is 50, reduce it to 20 or 30, alternatively trading the ETF SPY is a good vehicle
The Chronicles have been reduced of late, due to the arrival of the newborn. Hopefully to return as normal after the Easter holiday.
Yes it is amazing.
No losing days, no losing trades. Huge point halls nearly every day.
If I had expectancy like that ..well...wow.
It is unbelievable - literally.
So given that it is not believable that anyone can trade this well - what is this thread?
An exercise in hindsight Wycoffian VSA.
Certainly quite well written fwiw.