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First ,thanks for your very nice and very transparent journal.
Second,from your 2.5years trading this system,do you find time based exits are more rewarding than the classic ones (S/R levels,SUPPLY/DEMAND...)?
Do you trade other instrument using this system or only DAX?
Regards
The following user says Thank You to FKtrader for this post:
The german says: "Auch ein blindes Huhn findet manchmal ein Korn..."
In fact - the movement of price was on Tuesday this week.
Wednesday was out of rules...
So Thursday is responsible to repeat Tuesday's move and direction.
Stay at the sidelines... price is in daily Kumo.
Bigger players may shake the markets.
Hi @adamribica
My time based entry/exits are fix.
That means either it hits SL or it is within SL or gives some positive results.
I do not watch the development of the trade as I waste no time for it.
Giving some levels to "cash in" are not my method here.
Of course one can do the analytics - but to program the exit time produces
some problems more.
To answer your last question:
Every future has its own movements - with highs and lows after Initial Balance (IB).
This very unique pattern does not allow to shift the rules to other instruments.
If you are still interested - just watch the patterns of another instrument -
combined WITH IB and WEEKDAY - I am sure that one can find valuable patterns in every market.
Good trades
GFIs1
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Price still in daily Kumo.
Now the Down level before a rebound sits at 9606.
From there up range to 9712 / 9750.
Then a next downmove to kill 9600 and see lower levels again is possible.
For the not so risky traders - stay away until 9600 level has been passed.
Good trades
GFIs1
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Thanks for the reply.
the first day of holiday,nice outside enjoying the sun and the 24 C warm water
U are one of the very few people which i believe are real trader here in futures.io (formerly BMT).
I am glad i found this tradekeep the good work.
Regards
The following user says Thank You to FKtrader for this post:
