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Last seen: Oct 16, 2024
Hi Brooks, For any market the minimum scalp of day can be calculated using 1/2 ADR of the last X bars, let's say the last 10 - 20 bars. Alternativel...
Hi Steve, Actually one could argue the bear trend broke TL even earlier (purple line) This happens all the time as a bear trend weakens and the ...
Sometimes H2 is itself the correct stop. Like a strong trend all day, H2 pullback to EMA, stop below is OK: But a lot of times there will also be ...
Hi Sudeep, What's interesting about this whole chart is it doesn't look great for bulls even on the way up. They kept getting bad FT after every BO ...
Hi Sudeep, 1. Agree, when a day starts strong, it's hard to change bias and consider the opposite direction. But look at what we've had for the last...
Hi Mo, "However, if I use [tight stop], I probably have a 50% chance of a profit." This is a dangerous assumption to say maybe it will be 50%....
I saved some charts from long time ago showing good examples of bear trends that break below prior lows and hold BOPs during PBs: In a weak tren...
Hi Nandkishore, This may have been a bull channel but it's pretty tight so looks like a strong trend from this screenshot, so I'll treat it like a ...
Hi Oisin, When first starting out and still learning to be comfortable with a single chart you don't need to zoom out to study HTF structures. It's ...
Hi Brian, This term originally comes up in Richard Wyckoff's 1932 blockbuster: The Richard D. Wyckoff Method of Trading and Investing in Stocks ...
Hi Sudeep, I thought those daily bars part looked suspicious... 😆 But yes, I agree that it's natural to expect resistance when getting ...
Hi w, Yes, the problem with futures markets is there's no useful open/close of day since it's a continuous market. At least ES tracks stocks which h...
Hi Garrett, I think a lot depends on how we arrived at this BO. In your screenshot it was bull trend, so best bears should get after it would be a T...
Hi Jivers, You are correct, it's best to have at least 10+ bars when considering taking BOM. Personally, I found this pattern to happen successfully...
Hi w, Two things come to mind when deciding where to start measuring: 1) start conservatively and keep expanding if keeps going 2) use the most ...