Improving Market Cycles and StagesI need to get better at
1. Identifying what state the market is in
2. What number 1-5 in the cycle it is in
3. Avoiding numbers 1,3,5
4. Only trading in cycles 2 and 4
The market only goes between narrow states and wide states
My strategy is the 21ema and the 200sma
I use the 5 minute, the 15 minute and the 1 hour timeframe for Intra Day Trading
I tend to use 50 tick stops and 100 tick targets for a 2:1 most of the time
My biggest issue is not trading in the direction of the 21ema