Looking at the Clipboard04.png, what made you take that sell? I am always getting caught in the continuation/reversal patterns, and if you didnt mind sharing your view I would really appreciate it.
It was the volume that was happening right there. I watch a 6E (EurUsd Futures) 1min chart. I watch for these spikes in volume to happen with the CCI indicator. For the entry, I wait for the 1min candle that has the high volume to close and then enter. When it is a crazy push like this one, I wait through two candles.
This is something I have been working on recently, and certainly do not have it perfected, but I am quite happy with the progress and in general feel like I have the entry close to dialed in. I do need to work on holding onto the trade a bit more to capitalize the best I can.
Hope that helps....feel free to drop a line at other.br@gmail.com
Hi Brian,
ReplyDeleteLooking at the Clipboard04.png, what made you take that sell?
I am always getting caught in the continuation/reversal patterns, and if you didnt mind sharing your view I would really appreciate it.
Thanks
Hi Julian,
ReplyDeleteIt was the volume that was happening right there. I watch a 6E (EurUsd Futures) 1min chart. I watch for these spikes in volume to happen with the CCI indicator. For the entry, I wait for the 1min candle that has the high volume to close and then enter. When it is a crazy push like this one, I wait through two candles.
This is something I have been working on recently, and certainly do not have it perfected, but I am quite happy with the progress and in general feel like I have the entry close to dialed in. I do need to work on holding onto the trade a bit more to capitalize the best I can.
Hope that helps....feel free to drop a line at other.br@gmail.com