InvestorsHub Logo

d-k

10/20/19 4:23 PM

#8448 RE: jxyzobrien #8447

"LEARN 1 MARKET BEHAVIOR".

That is what I am doing now after trying so many different things. I look for "h" pattern and "abc" pattern. Sometimes "abc" has nice thunderbolt pattern. For now mainly I am playing MES long. Currently it is not a big money maker as I have been playing small for last 5.5 months.

So, on "h" pattern I accumulate during small leg of "h". Now in some cases "h" may turn into "abc" than I continue accumulating during "c". Eventually things turn and than I start distributing. Important thing is to keep plenty of margin capacity available for accumulation. To be not greedy, in between accumulation I trade some too, to avoid too much accumulation, just in case there is major drop.

On your chart,

Oct 15-16 had nice "h" pattern,

Oct 17-18 the "h" pattern turned into "abc" I played "h" and "c" and was out on rebound as I did not want to hold over the weekend. It seems "c" had started turning into "h". So, if "h" continues tonight, I will start accumulating again.

This also, helps with not having to watch every tick.

On your chart slow STO at 20 has been good turn around indicator. Have to see if it holds thru most of the time.