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Yesterday's chart/one trade per day

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Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, MGC, ME6
Mlok's Avatar
Posts: 225 since Jan 2017
Thanks: 225 given, 302 received

Revan View Post
Anyone conduct a technical analysis on yesterdays chart then open a position the next morning with a sl and tp? or is this a flawed and illogical idea within the real world?

Im no expert by any means, but people I follow usually analyse past and postulate about three theories on what will price do. They also prepare entries and exits. If they are right they enter position in real time. Watch Trader Bite from Futurestrader71 if you are interested in this method

"Life is willingness to die."

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