8 ticks(2 points)? That is a very tight stop loss. I have watched the markets enough to know your entries would need to be pretty damn perfect for stop that tight,even in ES. Love the content.
Yup, did you read the last special episode? I give an example of my entry point. I enter as close to the point of failure as possible. If I don't get a fill I don't chase. It works for now, but 8 ticks is tight I agree. It is not for everyone. It makes me really focus on my entry, so it helps.
"Large players in the market took price below the previous retest low"
Liquidity grab. Large clusters of stops show up on charts as sell orders underneath price, or buy orders above price. Algos are programmed to go for that liquidity. :)
Thanks a lot Pauli!
I started doing 8 tick stop losses to refine my entries
Now after reading this post , nice to know it is tight...but the purpose aligned. Always had a tough time chasing when I first started
8 ticks(2 points)? That is a very tight stop loss. I have watched the markets enough to know your entries would need to be pretty damn perfect for stop that tight,even in ES. Love the content.
AKA: Doc_Holliday
Yup, did you read the last special episode? I give an example of my entry point. I enter as close to the point of failure as possible. If I don't get a fill I don't chase. It works for now, but 8 ticks is tight I agree. It is not for everyone. It makes me really focus on my entry, so it helps.
Thanks for Part 2 Pauli
"Large players in the market took price below the previous retest low"
Liquidity grab. Large clusters of stops show up on charts as sell orders underneath price, or buy orders above price. Algos are programmed to go for that liquidity. :)
Great article! Thanks for the insight on how to use your Walnut levels and for managing risk.
How would you go about setting up your bracket order in Sierra Chart?
Thank you!
The answer is here https://www.sierrachart.com/index.php?page=doc/AttachedOrders.html#AttachedOrdersExample5