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An impossible challenge?


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An impossible challenge?

  #1 (permalink)
lightsun47
Toronto, Canada
 
Posts: 357 since May 2018
Thanks Given: 492
Thanks Received: 296

Ok so the challenge is to identify when to enter those moves which are in the black candles.

This is for the NQ futures.

Those moves yield 5+ points, but for now, I just want to learn to grab those 5 points and get out quickly.

For reference, the screenshot is from yesterday, July 18th, 2023 and you can see the time in the bottom to compare to your own charts.

Challenge is: Identify a way to know when to enter those trades which are black candles (which are actually reversals) from those swings.

Idea is to grab those 5 points here and there continuously for the whole session, for which it easily happens more than 20 times in the regular trading hours. So instead of 'hoping' to get 100 point swings, scalp 100 points via these trades?!

Looks and feels impossible? You bet!

Thanks for accepting the challenge!Attachment 333589

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  #2 (permalink)
SunTrader
Boca Raton, FL
 
Posts: 260 since Nov 2018
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For me, at least, no way to identify relevant bars.

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  #3 (permalink)
SunTrader
Boca Raton, FL
 
Posts: 260 since Nov 2018
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As for NQ reversal signals (good for at least 5 points) there was 5 longs on 7/18/23:-


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  #4 (permalink)
mrdebile
Paris France
 
Posts: 1 since Jul 2023
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lightsun47 View Post
Ok so the challenge is to identify when to enter those moves which are in the black candles.

This is for the NQ futures.

Those moves yield 5+ points, but for now, I just want to learn to grab those 5 points and get out quickly.

For reference, the screenshot is from yesterday, July 18th, 2023 and you can see the time in the bottom to compare to your own charts.

Challenge is: Identify a way to know when to enter those trades which are black candles (which are actually reversals) from those swings.

Idea is to grab those 5 points here and there continuously for the whole session, for which it easily happens more than 20 times in the regular trading hours. So instead of 'hoping' to get 100 point swings, scalp 100 points via these trades?!

Looks and feels impossible? You bet!

Thanks for accepting the challenge!Attachment 333589

What is this indicators?
Good luck

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  #5 (permalink)
lightsun47
Toronto, Canada
 
Posts: 357 since May 2018
Thanks Given: 492
Thanks Received: 296


mrdebile View Post
What is this indicators?

Good luck

It's a Renko chart.

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Last Updated on July 20, 2023


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