Anek & tech, Thanks for the chart and suggestion. Everything always looks clear to me after the fact--i.e. duh, how could I miss that! But I don't seem to see it happening in real time. thot
Lol. How's about you send me a Stout in the mail everytime price hits one of those levels eh? Sounds like a plan to me! ~Cx
Anyone interested in using the ET Chatroom feature? We could create an AHG room to discuss market in realtime instead of (or in addition to) coming here after the bell.
Hey, My concern is that myself and others trying to learn this game will let other peoples ideas, charts, expectations etc influence their personal view of the chart / price action etc...... ......it could be a good thing and bad thing, so not sure.....hmmmmm Sorry for the indecision... Cheers
Wow, that was pretty cool Anek. BTW, I created the indicator for those using NinjaTrader. So far it matches the chart you posted I also agree with Razor regarding the real time chatroom. thanks all
J, Thanks for creating it for the Ninja users, heard great things about the software platform too. At this point I feel I have mastered how to read price action correctly and when I'm mistaken due to a fake or sudden change of heart in the market place I take my quick stop and move on to the next trade. Taking that quick stop is extremely important in the overall success of a trader and why shouldn't you, as you are bound to make many bad trades for the rest of your trading career. Anyway, the point of all these babbling is that I have moved past price action studies (comes natural now) and been working hard on researching the actual target predictions, obviously in the direction of price action. I said at the beginning of this journal that I felt the hardest and last area to master in trading was the exit and well, that's what I've been working on lately, quite extensively I might add. These levels can usually be even stonger magnets than actual support and resistance, crazy. Slowly making some real solid progress in all of this. Sometimes it's actually quite scary and that's when I say, ok it's time for one more Stout. Glad to hear there is a Ninja coder among us. See ya guys tomorrow. Anek
BTW NT traders, I made the new highs and low lines transparent because I feel I don't need it. Just want to keep my charts clean and simple with only 3 mid lines. Looking back a few days, I can see how important these levels are. I trade primarily YM using 1000V as my trend guide and 333 V for entries. (Read about Proflogic and his volume charts, but made it alot simpler, going through all the 7-9 squares makes my brain hurt, lol)
\ Jashanno, Thank you for the download. I used it with tradestation and it came up under my charts. Did I do something wrong? How do I get it on my charts like shown in some of the example? Thank you in advance.