Yes M, now I'm testing that Morning and Evening stars Yes, you're correct that the best one at SR level. Try SR slopes for MS ES (not traditional horizontal). Also the best positions are at extreme top (ES) and bottom (MS) (not in buffer range zones). The reason I'm avoiding ms/es before this because the gurus said these setup are mediocre...but I found it only half-truth. However, dont try to be perfect fit the rules..becoz es and ms are not meant to be perfect setups (eg perfect setup : abandon baby)....I dont use min chart for es and ms, I use vol charts.
Looks like an interesting setup on the right side of the blog, I'll have to check that one out too.
ReplyDeleteI'm guessing those that form at support/resistance levels in the direction of the bigger trend will probably do best.
Yes M, now I'm testing that Morning and Evening stars
DeleteYes, you're correct that the best one at SR level.
Try SR slopes for MS ES (not traditional horizontal).
Also the best positions are at extreme top (ES) and bottom (MS) (not in buffer range zones).
The reason I'm avoiding ms/es before this because the gurus said these setup are mediocre...but I found it only half-truth.
However, dont try to be perfect fit the rules..becoz es and ms are not meant to be perfect setups (eg perfect setup : abandon baby)....I dont use min chart for es and ms, I use vol charts.
Good points TST. I also use volume charts, they're much cleaner to read most of the time.
ReplyDelete