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First step was removing sine wave & multiple timeframes. I kept better momentum & pro bars on 1500 tick chart and a bigger renko chart just for the big picture (major market turns) + market & volume profiles. That was yesterday.
Today was an experiement, I removed better momentum & pro bars and I used only the renko, volume ladder, & market & volume profile to trade the Bund. Trying it again with ES today.
Can you help answer these questions from other members on NexusFi?
BTW Just want to stress that I'm talking about daytrading here. I'm testing a new swing trading strategy that doesn't use the cycle charts and all that but it's still in testing. Results on simulator are positive so far but I only have a few trades..
I suppose anyone could have picked any price higher & lower and been right today since it went both ways but I was expecting the market to rotate in the area above 1128.50 (I show this in the video) and that's exactly what happened today as we filled in the area from 1128.50 to 1140. Since we're closing here I am looking for some continued rotation in this area before price moves on..
I really want that monitor Mike's giving away but the shipping & duty will probably cost more than the monitor!
Yesterday I missed my old long-time friends Better Momentum & Pro Bar so today I traded bund with them on a tick chart and skipped the renko. I like this better. It shows noise but I like the pro bars. Notice that every one of my trades was just after a professional or amateur bar.
This is experimental, a work in progress, on SIM. Trading naked. If you look back in my posts a year ago I was trying it then.. giving it another go.
You may ask why? It's simple - there is only 1 - 2 good setups so I make a tiny chart and it doesn't take much CPU. I will add some audio alerts soon so I don't even have to watch..
Anyone think the euro would stay about 1.3600? Not me. Yesterday I shorted it, got $490 on this trade (real $ on this one as it was a stronger setup backed by my bigger picture analysis). Yesterday I had no idea it'd hit 1.3750 today..
Now I did "scale-in" on this one, however there is a difference. I started with 1 contract which is a half position (I normally trade 2 of everything). I'm still debating if this is good behavior. What do you think? The setup at 3642 was very nice though I couldn't pass it up. Only regret is I gave it too much room and let it bounce 40+ ticks to hit my breakeven stop on my T2.