dex Posted July 12 Report Posted July 12 2 hours ago, shorttrader said: Well i don’t like SL biger than 10 ticks on ES. Show me examples how you do, its easy to say u know but in realtime bookmap with small SL not really exactly… thanks Easy. In picture 1...Market just opened. There is liquidity that has been sitting down there at 6280. see how price goes down there to grab the liquidity (picture 2). Now picture 3 show a reversal dot at 6280 area (circled in red). Look what happened after the reversal dot.
shorttrader Posted July 12 Report Posted July 12 Market can go always lower. So what is your entry price in this example?
dex Posted July 12 Report Posted July 12 7 minutes ago, shorttrader said: Market can go always lower. So what is your entry price in this example? I strongly suggest to all traders to learn price action. As you can see in the picture 3. There were multiple wicks to the downside prior to the reversal dot. That shows buyers defending that level. Enter at candle close of the reversal dot candle. Stop loss below those multiple wicks. As with everything in trading....Its a probability. but when you have multiple things giving confirmation, then you have a better chance of this going your way.
shorttrader Posted July 13 Report Posted July 13 22 hours ago, kadi said: Easy. In picture 1...Market just opened. There is liquidity that has been sitting down there at 6280. see how price goes down there to grab the liquidity (picture 2). Now picture 3 show a reversal dot at 6280 area (circled in red). Look what happened after the reversal dot. Thats not the way you have to trade believe me however maybe you are profitable with that kind of taking a trade. If your context is wrong your level will not hold doesn’t matter if there is liquidity and the buyers will be overrun with absorption and slow market sell orders… so there are different games in play. Ninja_On_The_Roof 1
dex Posted July 13 Report Posted July 13 2 hours ago, shorttrader said: Thats not the way you have to trade believe me however maybe you are profitable with that kind of taking a trade. If your context is wrong your level will not hold doesn’t matter if there is liquidity and the buyers will be overrun with absorption and slow market sell orders… so there are different games in play. Dude you asked me a question and i answered. There are many ways to skin a cat. I told how i skin mine but you turn around and tell me its not the way. Interesting. Ninja_On_The_Roof and shorttrader 2
misalto Posted July 15 Report Posted July 15 no 1 is not sustainable because is orderlow based needs a lot of twitching specially nq today open was a devil out of a box..
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