Current update, been studying NQ in great detail. Never paid much attention to it but lately I've been noticing it's quite trending nature and explosive breakouts. Even took some trades today and loved the action. The only problem is the bang for the buck in comparison to ES as far as commission. Anek
Babe, I'm not sure what you need me to post, I saw what you saw as far as charting goes. Seems to me you are grasping the concept really well. Anek
Pax, Learn to spot congestion which leads to chop. The plays look good but need to work on the letting those runners run. It's not just trading with a well formed trend you must learn to play momentum. Study how bars act when price breakouts or breakdowns, it has distinct behavior, it respects past bars highs/lows, micro analyze this. Trading with a well formed trend will help your accuracy but it also allows you to catch some good runners, if you don't ride the runners you are missing out on half of the advantage of this system. Anek
Pax, That's part of my winning formula, I just got easier to spot visuals but at the end of the day price action however sliced or represented, is where the gold is. Anek
Well, after 8 Stouts I'm off to bed. Don't forget your best skill in trading, discipline. This is so important it's worth mentioning a thousand times. Without it, not even the best stuff works. Anek
Almost forgot. I'm looking for a slightly more "intelligent" automatic trendline indicator to replace the one that comes with TS. If anyone has a better alternative, free or commercial, please let me know. Thank you Anek
I think having a low time interval chart is worth looking at. They seem to have much better consistency in trend lines vs. the volume charts (as well as evident emotional trendline breaks). Not an automated program idea, but one to consider. On a side note I have 8 Stouts topped by a good distance so it is time to call it a night . Hope you guys had a good trading week & enjoy the weekend. ~Cx
A. Is this first sell from Friday's chart one you would have taken even though it was not off two lh and two ll?
Thanks for the peak at your homebrew. So, do the dots represent bar close > prev bar high? I was looking at some of TRO's indicators on kreslick.com and (if I am translating the Greek correctly, because it's all Greek to me!) I believe he has one template that lets you plot whatever you want as dots below the chart.