Inside bars are consolidations, on a lower time frame they often appear as a standard pullback. As such they are breakout patterns in trends....in...
Good example this afternoon and in a retracement zone. The little 3 bar reversals a group of us "triples"....mini H&S formations.
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Yep, price is always king. I use the MA as it gives me a geographical reference point. I could certainly trade without it but it's like a favorite...
! minute chart is a tough way to go but price action is similar for any market. If I were yet to be profitable , I'd move the time frame out...
Ironchef, The following is a 5 minute ES chart. It formed a bear flag off the open into the 20EMA. Note the slope and the clear down trend from...
No one knows the future. What we can know is what is more likely to happen given defined technical conditions, build a trade plan around a tested...
Anyone who can't recognize a trend on a 5 minute chart or any other time frame doesn't know what he is doing. Everyone starts in the dark, some...
The long tails show that the other side won the bar but they are often traps....need impulse follow through and even then can simply form a...
The tails can describe the battle but the close declares the winner of the bar. Doji?, ordinarily a consolidation although noobs (and chronic dumb...
Agree with schizo, both have the same information but candles make the info clearer on the run (at least for me). When I scalped I used bars as...
I was stationed out of the 108 St. Shack
:D
Yep momentum is momentum whether it's price or a boulder rolling down a hill.
Any number of things can act as S/R, channel lines, Prior day HLC, current day open, prior swing lows and highs, supply zones, measured moves, fib...
Based on fairly basic but important to recognize price action structure. Impulse origins, swing points, measured moves off said structure etc.
Always a good idea to pay attention to smart people and Tom DeMark is smart and has done the work.
:rolleyes::D
For most, the best way to deal with a flat trading range is to sit on your hands until price trends. There are methods for skilled and highly...
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