Thanks for great insights and detailed explanation. One question; On CNQ chart what is the difference between 13.05 bar and 13.30 bar. Initially both seemed to be reversal bars, however, 13.05 bar turned to be a head fake. For me, while the bars are forming, I cannot differentiate between the two. Did you enter at the break of 13.25 bar or after 13.30 bar was completed. Thanks.
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.
2 comments:
Hi Scott,
Thanks for great insights and detailed explanation. One question; On CNQ chart what is the difference between 13.05 bar and 13.30 bar. Initially both seemed to be reversal bars, however, 13.05 bar turned to be a head fake. For me, while the bars are forming, I cannot differentiate between the two. Did you enter at the break of 13.25 bar or after 13.30 bar was completed. Thanks.
Entry was made on the 13:25 bar as it went past the previous candle. Market had more momo at that time as well compared to previous head fake.
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