Kid, Price action is used to increase the odds when looking for an entry during retracements. I have my methods, use whatever you feel comfortable with. Anek
Hey, Back from my trip....should be trading tomorrow.....I see Anek is posting in the P&L thread, I like it ! Good luck tomorrow all and will update after the close. Cheers
Ok maybe I just need to let the mind rest a bit and retry. I could not catch the reason for all the entries and so I was generalizing. I will refer to specific charts in the future. I just realized my last response sounded rude. Didn't mean to. Just typed a quick response to see if you would get it. For tomorrow... GTF. not great r/w on the dailys but the chart is unquestionably strong. I have a nice profit from it from 3.16 (my last entry). Thinking of giving it another go. SSTR. Don't like the slope of the triangle, but nice r/w and volume pretty good along with price action. NPSP. Everything biotech is exploding right now. This just made a breakout 1-2 yr breakout and pulled back. (very easy to see from a longer time frame). Low risk entry, but bad candlesticks. Will see how everything opens tomorrow and play it from there. Currently short RNT and AEA. AEA just made an alltime low and pulled back. Both shorts should be obvious why... I think. By the way... these entries are a little grasping at some straws. They arn't that great in my opinion, but I think market will rally tomorrow so I'm trying to get ready in case we start making new highs.
Welcome back Razor. Won't post there anymore. Posted the results of Monday's monster trending day, and you know how those days work for me, and another solid uptrend/downtrend day and it became an inquisition plus PM insults, so decided to keep up with my usual privacy. Anek
xcel, to get an image of your chart in Ninja, just right click on it and select "Save as image". To do more than one chart on your desktop, hit printscreen button and save the clipboard file to the desktop. Use Irfanview to convert it to a jpeg. cheers.
gp, Thanks for the tips. I've never annotated pictures before so I'll have to get myself familiar with Microsoft paint or what ever program I use.