Speaking of break outs, we are now breaking out of this huge channel. If the resistance area turns to support, we could get a big rally. Dont'...
By the way, the green and red lines are the High and Low of the day. The blue lines are the ones I placed on my charts this morning. They were...
I zoomed way out on my 770 tick trading chart so you can see the big picture. Notice the channel we are locked in and how many times we have...
Now we are actually bouncing off the major resistance, I didn't take that pull back because I felt we were too close to the major resistance area....
I only look at one chart. I use a 2400 tick chart at the start of the day and use it to transfer the major S/R lines to my 770 tick charts....
Amitman, work on using the 3 bar entry and getting in at the pullback/turn, then be prepared to do something when price reaches the previous S/R...
That's a 770 tick chart. It looks almost exactly like the 10000 volume chart to me, but I see more wicks on the tick chart, so that's why I use...
Stick to the 3 bar method. :) The only way I ever use an early entry is to scalp a few ticks and go to BE immediately on the rest. If you...
Exacty Max.
Max, you had asked about this and today had a great example. Here's a perfect DB, followed by a HH. When that HL set up after the HH, that's...
Infinity, there is actually plenty of information in the first two bars, and bar two is very important to the set up. Also, I have said over and...
Here's my starting chart this morning with my S/R lines. These are basically the same lines from yesterday. Notice that we are mired in...
One other thought on this. Imagine how all those traders that trade the break outs felt when they took this trade at the exact high? That's why...
That was also a DT in my book. It wasn't to the exact tick, but there was no close above the last high. Only a couple of ticks inidcated by the...
Floyd, on a 2 bar entry, I look for a wick on bar two, the longer the better, then when bar three breaks the low of bar 2, I enter the trade. The...
Last try here. Not sure what's happening.
The chart did not attach last time. Trying again.
A picture here would be easier than describing I think. The 2 bar entry is the same, only I enter on a break of the low of bar 2, rather than...
Thanks for sharing. I always assumed it was just an easy way to say "contract" without typing it out every time. I'm always learning something...
Normally I take a 3 bar entry, but today I have been more aggressive. I usually trade 2 contracts, and scalp 6 ticks on one and go to BE on the...
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