Top Pick Trading Forum

Thank you Eric for your valuable insight

This was a 2nd entry long failure that I took on the $NQ. I'm wondering what finer details I might be failing to notice with regard to why the setup did not work and went on to stop me out by a tick before going back in my direction. (Which made for a nice 2nd entry short that I reentered on.) 5.png

Thanks Eric! I will review

In Mack's chart review 12/07/23 @ 13:25 on his chart, he drew a trendline just like the one below:

Normally I would draw my trendline like this:

When is it okay to cut corners on bars?

I’m mind blown. I’ve been seeing this and just kept noting it hoping one day to understand what’s going on…And voila! Thanks Eric

Eric, what you say seems to perfectly explain something I've observed lately with price action. I'll notice price action will often suddenly overshoot a channel into a supply/demand zone and then rebound immediately in the opposite direction. Is this in line with what you are talking about?

I've also been focusing a lot on horizontal alignment lately and it's been quite helpful in my trading. Here is a picture of my chart from today. The horizontal alignment was pretty evident.

Thanks for your feedback Eric. It's much appreciated

Hello! I hope everyone had some good trades today! I would love to get some feedback on this HL that I took. I was a little suspect of the setup going into it. But I saw a visual 2EL prior, confirming a possibly wider channel and also confirming this HL. Top tier signal bar and about 7 tick risk ...

Guest wrote: ↑Sun Jul 23, 2023 8:45 pm This clarifies everything. Thank you for taking the time to do that

Whoops, this was me