Yep, we are only human. I make conscious mistakes on a daily basis. No big deal, as long as we are constantly looking for improvements. Anek
Good points, hadn't noticed the W - usually i see loads of them every day too! (Going to have to narrow my criteria for qualifying a W/M ). Hmm, it was also virtually a DT that turned into a triple top. i
Even though there are better methods out there I did very good scalping with the CCI for some time. If I had to pick one of the canned indicators CCI is the one I would go with. Like anything you have to take the time and effort to learn to use it. P.
trading is not a vocation, it's an addiction. That was a quick turnaround... Trading with Mickey? if you're serious, are you saying its more reliable than the strong bars? EDIT: lol, just saw the death-to-cci... i think Anek has now officially started his vacation! Based on these recent posts he's enjoying it! Cheers, i
Anek On your chart analysis page 643 you state," Anticipated M due to multiple confirmations." Could you please explain. What factors do you take into considerations when anticipating W or M. I suppose I should be coming up with a list myself. Good trading
LOL good, If you were serious I was about to go west out of this Thread with the back button for a while. <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/PMv-Wvf7wUE&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/PMv-Wvf7wUE&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
Well first of all the trend was down. Before that my W reversal long attempt had failed miserably and retraced quite abruptly, which is unlikely for a good W. Means there are sellers on the look out. On top of that a bearish engulfing formed at the second top and if you notice, the mid swing was not a higher low. Last but not least big size market orders started flying on the tape quite rapidly and that just did it for me. I use Time and Sales in NQ with a filter to show 50+ size orders only (used to be 75) and pay very close attention to the rhythm of market orders. Very powerful stuff, highly recommend it. Anek
Thanks Anek I am gathering information on the formation of W and M. If I come up with a list I will post here too. Thanks for giving so freely, although I follow spyder's journal, I enjoy reading this one too. I think I know you from somewhere under a different name. Your style is so familiar I simply can't pinpoint where I have seen similar work.