QUESTION: On the Tick Extreme, in your e-book, it is said the
TE is used to help determine when the edge is gone. How
might I use the TE to determine when the edge is gone?
ANSWER: I'll use this as a confirmation of, say a short at a
downsloped 60ema on the 5 min chart, or vise versa. if there
is a TE while meeting it, it has a better edge for ''instant
gratification''. if there is a price move that 60ema with
TE, and price stays put while the tick falls back towards
zero, then the edge would be gone. Does that make sense? It
can be the same on a move to any other kind of S/R and a TE.
hope this makes sense.
Good trading,
Mike
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Prior to posting, please make sure you have read the post titled "GUIDELINES-Live Trading Room". Those Guidelines also apply to this blog.