1) Easier trade can be at before opening
2) Range chart (my current trade chart) give me some hope when put together with 5min chart (default chart).
3) I looked at required daytrade margin on my broker dom..only usd 900 compared to 1800++ about 10 years ago...what conclusion could be derived from that fact..?
a) Easier market
b) Tougher market
c) More traders
d) Fewer traders
e) Richer brokers
f) Brokers doing community service
10 years ago I decided to to trade TF Russel.
Then I switched to CL when I cant 'read' TF when they changed exchange.
Then I switched to NQ when CL is like a mad women when somebody out there found new OIL source and invaded new country
When I thought NQ is a good thing, I seem cant get hold of it. NQ like rodeo bull and seems its liquidity dried like the previous TF, CL
Now I found I like YM but my account now is too small compared to 10 years ago.
MAYBE I will trade YM this year.
Maybe.
If anyone laerning Martial arts - Silat (Malay's), Judo (jaPAN). Tai Chi (China elders), Kung Fu (China) ..one will know the key is to take advantage of enemy's own energy momentum, by letting the enemy throwing their hand/foot
The Arrow is my auto signal that can be traded auto . But for now I can choose to trade ManUally.
Geen line at 9.30am NY.
The DOM ladder (not shown) put as trailing stop that I discovered can be control to follow the trend ESiAER than previous simple bracket.
However, December slow month is coming...
after market changed structure and direction, its tempo begin to picked up...
my position fast getting green, then after a few seconds,, fast going back in red and trigger the cut loss....
The setup, when in live mode, still require my 50:50 guestwork.
my guestwork is good in SIM, when I wanna press the red buzzer.. usually it will be bad in live..
with the last dollars...I can give it more "time....
So back to my oldest setup that gave me the beginner's luck..hehehe
Happy independence day America.
Freedom is happiness. (However it will depend on who u ask)
Market momentum affected thru out this week.
Postponed live trade to next week.
Side note -I will live trade mon - thu, and will not trade on FRidays.
Nasdaq not that liquid on Fridays and usually will spoilt my mood ;)