for NinjaTrader® – Forget Squiggly Lines!
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”
E-mini ES 2018/12/18
today the opening range formed just below a possible profit target of the bears from yesterday, 2 x signal bar range (12/12 breakout pullback short), 2 x the initial risk for a short below that bar is at 2573.50
Continue reading “Broken measured moves often become support/resistance”
the green dot is right at the middle of the bar and marks it’s open
the bar opened a whisker below the mTL and gets bought at the open 1t above the prior bar’s close Continue reading “Check out how precise computers buy a micro Trend Line”
I always use the Highs or Lows of bars and snap the Trend Line (TL) to it (you should be very exact with that too).
check out how precise computers buy a mTL