Thu, November 21, 2019

Never Be Left Behind Entering any Market

Let's combine the basics.

  • You will never buy the bottom of a move.
  • You will never sell the top of a move.
  • Most traders get out too early.
  • Many traders get in late with no end game strategy.
  • Most traders do not identify the Open Pivot "OPs" approach.
  • Most traders have no idea of the 4 to 9 bar cycle count.

Yes, the fill price does matter – Go Fishing

Never Be Left Behind​
  • The significance of these comments is to prepare you to consider. Does it matter where you get in the market, as long as you make money trading with a rules-based program?

This procedure pattern works adequately on longer-term charts. 15m, 30m, 60m charts.

  • Watch the Open Pivots and VMI Volume.
  • The first arrow - is an entry as soon as it began down after the down bar. Go Short is the move.
  • The model is to use the OPEN of entry bar as the bar moves as you stop out.
  • If you missed the first arrow, then as soon as the 2nd arrow bar opens, wait for it to go red (below open) Sell, then as soon as it starts down, uses the OPEN of entry bar as a stop. Keep in mind the thought below for the exact pattern.
  • Watch moves below the Keltner Bands as the exit point for shorts and above for longs.
  • 15 Minute ES 500
Never Be Left Behind​ Charts

Same chart from above - 60m

  • 1st arrow, let's say you missed the entry move.
  • 2nd arrow, you go short, you can use the OPEN of 1st arrow as an immediate stop, then use the OPEN of entry bar as the market moves in your favor. You do not have to use the swing high.
  • 3rd arrow, at one point it was green, RBBS pattern, and then close below it's open. Exit below Keltner Bands. 15 SMA, 1.5 deviations.
  • 60 Minute ES 500

The standard model to enter the market.

  • Watch Volume Indicators, legs and Indicator levels for momentum.
  • Below is an example of what I look for to go long and how I enter the trade.
  • 1.) A move down below the close or even the low of the previous bar.
  • 2.) Then a price moves up and above the open in most cases.
  • 3.) Then a price moves back down, many times below its current bar's open. Could even take out the low of the previous bar. This is the setup.
  • 4.) Now you want to see momentum up and as soon as it starts back up again, above it's open. This is the long entry pattern.
  • Vice versa for shorts.
  • Once in, look to cover 1/2 your positions. Then exit the position when you see the exit models.
  • It does not often happen to see four-plus bars close in the same direction. (It does happen though). For this reason, the pattern works typically on the first 2 or 3 bars from low or high.
  • Act fast. The market will move quickly up and down. 15m ES500 Chart
  • 15m ES500 Chart
The standard model to enter the market.​
  • If the market is below SMA when long, don't initially expect much out of the move and play it close.
  • Remember the 50% rule of a bar. It can bounce around a lot.
  • There will be closes against the move.
  • If you get out, and then it starts back in your direction, you can jump back in.
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