I need to get better at
1. Identifying what state the market is in
2. What number 1-5 in the cycle it is in
3. Avoiding numbers 1,3,5
4. Only trading in cycles 2 and 4
The market only goes between narrow states and wide states
My strategy is the 21ema and the 200sma
I use the 5 minute, the 15 minute and the 1 hour timeframe for Intra Day Trading
I tend to use 50 tick stops and 100 tick targets for a 2:1 most of the time
My biggest issue is not trading in the direction of the 21ema
1. Identifying what state the market is in
2. What number 1-5 in the cycle it is in
3. Avoiding numbers 1,3,5
4. Only trading in cycles 2 and 4
The market only goes between narrow states and wide states
My strategy is the 21ema and the 200sma
I use the 5 minute, the 15 minute and the 1 hour timeframe for Intra Day Trading
I tend to use 50 tick stops and 100 tick targets for a 2:1 most of the time
My biggest issue is not trading in the direction of the 21ema
Nota
Here are some random trades in only the cycles 2 uptrend and 4 downtrend in the overall bullish side of the market stateIf only I can just take these trades only, I would have far better results
Nota
Currently price is in stage 4 of the cycle. Where it will fail at and go into stage 5 is to be determined. That is what makes it difficult to master. Probably will take another go short while in the state 4 until it goes sideways into state 5. I will sit out state 5's
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.