for NinjaTrader® – Forget Squiggly Lines!
Edit:
We’ve added the “Yesterday’s shallowest Trend Lines” indicator to our portfolio of free indicators.
Check out our free indicators section.
I always draw the shallowest trend lines from yesterday as part of my Pre-Open routine. Continue reading “Yesterday’s shallowest trend lines, be sure to draw them”
better call them Guidelines 🙂
The open starts with either a trend or a trading range.
Continue reading “The Open – Some General Rules”
In a Trend
An expanding triangle (XT) signals the end of a bull trend by taking out a higher low (HL) and vice versa on a bear.
Expanding triangles can occur as a couple of overlapping bars like on 2019/01/14 or as (easier to see) an expanding range with higher highs and lower lows like today. Continue reading “Expanding Triangles signal the End of a Trend”
Confluence is very important in trading and means to have several (at least two) reasons to take a trade. Your 1st reason is the reversal signal bar/pattern and your 2nd reason can be e.g. support at HOY/LOY/COY, measured moves, trend line / trend channel line overshoot, buying/selling pressure, tick failure breakouts, breakout tests, a 2nd attempt to reverse and many more.
Continue reading “Look for confluence, when trading a reversal”
I mentioned that already in my post from 12/13
the 12/12 on the daily chart is a decent Signal Bar (SB) for a Breakout Pullback Stop Entry short (also a test of the open of the year)
the smallest Initial Risk for that trade, that makes sense (for a trader on the daily chart) is the high of the SB, a SB stop Continue reading “risk based Measured Moves and Initial Risk from the daily chart ruling the current PA”