Price was in opposite direction with the trend then gave a pop up and came back in sync waited for price to retrace to give A setup got in and got done in 50 mins ..
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Only one setup today for the day A setup for short that too at the closing mins .. there was one Failed A setup for long before 9 am est.. hope you all had a nice trading day ..
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My crosshair is synced on both charts so its marked .. My exit is generally 15-20 ticks most of the time 20 ticks i dont mark my exits because its all personal preference some like it at 10 some at 30 i do at 15-20 if there is a reason for exit other then that i will specify .. !!! hope it helps .. and review charts are not my live trade just potential setups in the us session live trade was the long trade from today ...
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There were no trades in the 1st hour of the trading session .. So no charts .. There was a trend change later on and nice a setups long .. Hope you all had a great trading session .
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Hi Jinhar, thank you so much for the breakdown of your trend following system. I have been trying to develop a trend following system for a few months now but was missing a few key points and was glad to see you broke it down into what you do in the real world. I am still trying to get a handle on risk/money management and have taken a few large losses in CL mostly with a few tiny gains in everything else.
It's also too easy for me to get involved into indicators and programming them which is enjoyable and challenging but not helping my trading.
Using my interpretation of what you explained I entered an "A Setup trade" today as indicated by the screenshots with my actions during the trade. Do you have any tips/advice? I am using a 2 and 6 range chart to keep it small and 34 period ema (Note the times are local PST).
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