Any chance you can post a chart with a mean line? I've been trying to come up with hard rules for drawing channels so I don't find myself curve...
Here is my chart. I went short initially because I saw a lower high form right up against over night resistance and what looked like a series of...
Out at 3221.
I reversed when price took out 3210.25 at 10:06 for a small loss on the first trade. Still holding long.
Orders in after getting a nice series of equal highs and higher lows. Long at 3213 short at 3210. Chart in a minute.
Nice trade. Your charts speak for themselves. So you've plot the tickQ against the NQ and the divergence is the tick making lower lows and the...
dbp, A little off topic maybe but do you use point and figure charts in your own trading? I'm guessing not since you never post about it but...
I find it awesome that fortydraws is doing well trading but is new enough to not know the details of rollover. This should give all newbies hope.
Is anyone watching 80 for a reversal trade?
DB, Do you play poker? I was a professional player for 6 years before the DoJ cocked things up.
Hoot - one of the biggest mistakes a new trader can make is to not stick with an approach. Any approach - whether its using stochastics, tea...
Can you expand on this? Does this mean limit market watching to two hours?
I took a look at SLV. I don't see enough to go long here. Price is moving into a congestion area. Price spent nearly a year in this 4 point...
I always thought it was part of Wyckoff's original material. Thanks for clarifying.
I don't understand your point?
Well its exited but its not exactly moving as much as 2.5 hours of "cause" would suggest. Lets see if it can attract aggressive selling.
Hinge forming from this mornings high. Lower lows and higher highs. Possible change in behavior as the buying waves seem to be getting shorter...
Sitting on the 50% retrace level and forming a potential hinge. We'll see. This is also the old top from 7/17. [img]
I guess I will have to be much more exact with my wording. I do have a trading plan that helps me enter, exit and manage my trades. I am working...
I feel like there were several good long and short trades today. A long around the open, a short anytime between 75 and 70 (1), and long between...
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