"Leg"/"leg start" - futures io
futures io



"Leg"/"leg start"


Discussion in Emini and Emicro Index

Updated
    1. trending_up 1,772 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 3 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

"Leg"/"leg start"

(login for full post details)
  #1 (permalink)
Labe
Toronto, Canada
 
 
Posts: 13 since Oct 2020
Thanks: 0 given, 7 received

- Could someone kindly show a screenshot of what/where a leg start should accurately be defined? It's been said to be the "second lowest swing low" for an up leg & vise versa, but still ambiguous to me

- Secondly, on this chart by DopeTrades, if you start off from the left you see quite a few of these levels are breached by bars closing straight beyond them *on first touch*, not on second touch, when in theory the first touch is supposed to be a failed test isn't it?

tradingview.com/chart/EURUSD/u4zHYe0P-Educational-Reference-Support-Gained-and-Lost-progression

Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(133 thanks from 19 posts)
looks_twoSalao's Journalby Salao
(45 thanks from 9 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(34 thanks from 15 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(15 thanks from 12 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 13 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
79 thanks
Big Mike in Ecuador
75 thanks
The Crude Dude Oil Trading System
61 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
22 thanks
 
(login for full post details)
  #2 (permalink)
oberlon
Bonn Germany
 
 
Posts: 6 since Jun 2020
Thanks: 0 given, 0 received

Here's 2 legs up in my book: [future.io tells me I need 5 or more posts to post an image. Will attach it to my next post underneath]

Whether you agree or - more importantly - most market participants agree (if this were a live analysis) is a totally different matter though. There is no rule book to trading that everyone agrees on. Only loads of participants - most of them computers and institutional traders - making decisions to place trades for one reason or another.

As for "first touch is supposed to be a failed test" - same answer, no rule book here either. If this could be stipulated as a 100% rule, the market would stop working tomorrow because everyone would try to be on the same side of the trade and not get filled.

Reply With Quote
 
(login for full post details)
  #3 (permalink)
oberlon
Bonn Germany
 
 
Posts: 6 since Jun 2020
Thanks: 0 given, 0 received


Edit: my 2 cents on 2 legs up here

Reply With Quote
 
(login for full post details)
  #4 (permalink)
Labe
Toronto, Canada
 
 
Posts: 13 since Oct 2020
Thanks: 0 given, 7 received


oberlon View Post
Here's 2 legs up in my book: [future.io tells me I need 5 or more posts to post an image. Will attach it to my next post underneath]

Whether you agree or - more importantly - most market participants agree (if this were a live analysis) is a totally different matter though. There is no rule book to trading that everyone agrees on. Only loads of participants - most of them computers and institutional traders - making decisions to place trades for one reason or another.

As for "first touch is supposed to be a failed test" - same answer, no rule book here either. If this could be stipulated as a 100% rule, the market would stop working tomorrow because everyone would try to be on the same side of the trade and not get filled.

Well thank you so much. But I had a soightly different view

Reply With Quote


futures io Trading Community Traders Hideout Emini and Emicro Index > "Leg"/"leg start"


Last Updated on February 4, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts