I added a simply $ value of prior range, point value and allowed contracts to the bottom right of my charts. This allows me to see quickly what each bar is worth.
Entering just 1 contract for a swing trade or 5 contracts with the same risk?
Why not enter on a lower timeframe on a so called intraday setup with the idea in mind to trade a daily swing trade setup?
Lets start with 30 min or 1 hour charts but you can also drill this down to 5 min chart.
At certain points markets will reverse and continue the uptrend on the daily chart.
These areas provide low risk entry points, so set yourself an alert when for example prior days low is crossed, or if we cross the POC (point of control) and so on.
What you can also do is exiting 50% those daytrade positions and keep the rest open for the swing trade.
Entering just 1 contract for a swing trade or 5 contracts with the same risk?
Why not enter on a lower timeframe on a so called intraday setup with the idea in mind to trade a daily swing trade setup?
Lets start with 30 min or 1 hour charts but you can also drill this down to 5 min chart.
At certain points markets will reverse and continue the uptrend on the daily chart.
These areas provide low risk entry points, so set yourself an alert when for example prior days low is crossed, or if we cross the POC (point of control) and so on.
What you can also do is exiting 50% those daytrade positions and keep the rest open for the swing trade.