Another well-formed triplet of highs as a good short signal. NQ U19 M5. Along with a premature short. (demo acct for MT5 testing)
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DislikedAnother well-formed triplet of highs as a good short signal. NQ U19 M5. Along with a premature short. (demo acct for MT5 testing) {image}Ignored
Disliked{quote} potential short = 3 consecutive highs such that a straight line touches all nearly exactly; the straight line can be ascending or descending (probably less risk if descending). Prefer above EMA20 for short. Prefer confirmation by 4th bar (doesn't break the line). Mirror image flip for a potential long entry. EDIT see #3210 for clean illustrationIgnored
Disliked{quote} Thanks for your sharing So how would you set the TP or exit for this setup?Ignored
DislikedHope you guys are ok oil just went stupid mode Short/long stops wiped by the look of it {image}Ignored
Disliked{quote} That might be specific to your broker. I'm not showing that move on my demo or in the underlying futures contract via TradeStation. Here is the hourly chart of the CME CL: {image}Ignored
DislikedOil seems to moving up and down with equities today. Not unusual. Still in a tight range on the daily.Ignored
Disliked{quote} I think that relationship broke down over the past few hours. {image} {image}Ignored