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Totally agree with the no indicator approach. Hopefully I'll be getting a thread going soon to show examples of my approach with S/R, volume, and price action. Great site!
Hi Mike, good post about using three timeframes. I've been using 3 tfs for a long time, just after reading "Come into my trading room" from Alexander Elder. In his book Elder call this a "Triple Screen" and devotes a big part of the book to this concept.
Hi Rjay, I know this post has few weeks already....but caught my attention your commentary about using "open" and the disagreement with NT. How are we these days on that matter?
I do use your 4 range no gaps, the 4 range from ninja is awfull. Regards.
hi, mike, i receive a lot of recomendation to not be scalper, and i see here that you were considerer yourself (2009) scalper, when did you finished?
i feel i am scalper, i started to enter at the low or high the vol prof, with minimum risk, and target the other extreme the vol prof, but i realized that a lot of moves only went little ticks, then i test to catch these, +1,+2,+3, and then i realized that +3 and more where less event ocurrences, and whith the consistency in mind, as everybody says, that consistency is the key, work more on that, an now, i move on the +1,+3tick, with highwin%, and low std dev winings, low dd, and now i am testing myself if i can manage live that, and how will be the risk tolerance ,to foudn out if i can swing 30 lots of that strategy
i considerer this process very usefull, and it was thansk to you recomendation"start journaling i stop to working on the mind"
thanks for your job
alejo
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
