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ABC
Un-Correlated S/R->R/S
Zones HOD/LOD
Reject Highs/Lows= Sell Resistance/Buy Support Divergences= Don't give up
Be opportunistic Don't be a strategist
Spend time formulating scenarios Start with 4.
Consider Fibs and Value confluence
Can you help answer these questions from other members on NexusFi?
ABC
Un-Correlated S/R->R/S
Zones HOD/LOD
Reject Highs/Lows= Sell Resistance/Buy Support Divergences= Don't give up
Be opportunistic Don't be a strategist
Spend time formulating scenarios Start with 4.
Scenarios: Balance vs Trend
Scenarios: Trend Reject Highs/Lows
Scenarios: Balance -> Trend -> Balance
Scenarios: Value related?
Scenario: ES is most significant
Scenarios: Legs and Tails
Scenarios: Include both Highs and Lows
Consider Fibs and Value confluence past/present
Use the Past to Understand the Future (Make up stories)
I don't see how I can take a trade short of a Level. Stop has to be too far away.
More consideration to DT and DB off Highs and Lows
Method still seems to require prediction.
Your ability to identify what the market could be doing is only as good as the comprehensiveness of your list of possibilities.
Be careful when thinking with your strategy what the market will do. You can become blinded with bias
ABC
Un-Correlated S/R->R/S
Zones HOD/LOD
Reject Highs/Lows= Sell Resistance/Buy Support Divergences= Don't give up
Be opportunistic Don't be a strategist
Spend time formulating scenarios Start with 4.
Scenarios: Balance vs Trend
Scenarios: Trend Reject Highs/Lows
Scenarios: Balance -> Trend -> Balance
Scenarios: Value related?
Scenario: ES is most significant
Scenarios: Legs and Tails
Scenarios: Include both Highs and Lows
Consider Fibs and Value confluence past/present
Use the Past to Understand the Future (Make up stories)
Plot previous Fibs?
More consideration to DT and DB off Highs and Lows
If one Instrument is volatile and one has better definition stick to "picking low hanging fruit"
Method still seems to require prediction.
Your ability to identify what the market could be doing is only as good as the comprehensiveness of your list of possibilities.
Be careful when thinking with your strategy what the market will do. You can become blinded with bias
It's been said, "Volume makes the world go 'round." I agree.
The most critical component for me is Buyers and Sellers effect on price.
In particular:
In an Upmove when Beyers are unable to move price higher.
Buyers are present.
But are unable to effect higher prices.
Vice versa for Sellers. Delta holds the key I think.
If the Market trades in a Distribution curve then trade it accordingly: Lows that are rejected; Highs that are rejected and a lot of time/trades passing through the middle.
Questions:
What should I see if it's going to do this?
What shouldn't I see if it's going to do this?
What am I seeing?
Is this what you should be seeing if the Market is going to continue higher?
In a Market that is challenging the ATH, with no clear rejection, isn't it better to wait for Resistance to Fail and Buy it as Support?
I can't begin to properly express how embarrassing it is to admit after all these years I never knew what the Margin Requirements are for the Instruments I trade. Screenshot (87)
