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Another great video! These are helping me a lot. I missed the trade this morning at 9:34 because my charts aren't even close to yours even though I also use Zenfire (I think that's what you use). The bar you entered on wasn't even touching the trigger lines on my chart and then the next bar was and extended range bar that closed too far up into the move to enter.
I do however wonder about the trades you mentioned at the end. Some of the trades you mentioned were between midnight and 2am. What time(s) do you trade?
I although not everyday will begin trading at the opening of the European session, that day i did get up early expecting good movement due to the vote in Greece
It just depends on whats going on and do I get in bed early enough to get up
Hi Charles. Thanks for the videos, they are helping alot. One suggestion I might make is to not use the global cross hairs on your chart, just use the regular cross hairs instead. Sometimes it is hard for me to follow which chart you are on when you are making a point, because the cross hairs are on both charts at the same time.
I have a question - your first 2 trades today were both fairly close to the cash opening this morning. I thought you had mentioned awhile back that you do not trade 15 minutes either side of the opening or major news announcements. I think your second trade this morning was around 8:31 cst. Thanks for all of your help.
I agree sometimes it's a bit tough to tell unless I hear you say right before which chart you are on.
Also, right before you create the video, could you grab the bottom of the 1508 chart and drag it down a little bit so the 1508 chart is taller an the bars are easier to see?
Personally I find the videos very helpful as it goes deeper into some of your thought processes candle by candle and bring a lot of clarity to some of the nuances of your system and how you look at the market.
Hello and thanks...great thread...and congrats on your victory......can you please add your trading template for each chart you use please on this post #29 of this thread?
I hope everyone had a nice weekend, now its time to get back to work
but... not so fast, price action this morning is very slow as it is generally taking 4-5 minutes to print a 377 tick bar. This is rather typical of the 1st day after a long holiday.
Be patient and wait for the market to show its hand first and not get over anxious to enter a trade
We have been in a roughly 40 tick range since midnight - this is not a good chart to trade presently. Hopefully when everyone gets to work in the U S and finishes telling everyone what they did over the weekend we will get some movement
Congratulations Charles! In addition to a great thread, a sound 2 time frame methodology and detailed videos, you have exhibited extraordinary patience in answering all of our questions. That is what futures.io (formerly BMT) is all about.
Also thanks go out to Big Mike for fostering such generosity.
As Charles mentioned, I was fully expecting the market to be a but coiled after the holiday. But right at the open I thought I sensed a bit of movement.
Short was based on a LL right after the open with a pb to the 13ma. Price makes a HH on the 377, but then shows a double top with a hidden divergence. Took the short.... in hindsight, I notice there really wasn't a doji or reversal bar near the highs around my short.
I was watching the last swing Low in anticipation of stalling. Once price started making those equal bars at the lows, I was able to move to BE+1.
Since that trade, the market has been mostly coiling and hasn't produced anything worth trading.