Paintbars Not sure what's wrong with me but I can't find any set of paintbars that please me so proceeded to code my own using a proprietary algorithm Most of you know I've tried them all but they just are not delivering, that includes HAs, Suris, Engulfing, etc. I want more, always more. Either way I welcome any comments on the following work, they were created with ABCs in mind. Thanks for input. Anek
And I certainly appreciate your efforts in doing so Anek. What was most revealing to me was how you disappeared from the chat room for 1/2 hour during that M trade while the rest of us were bantering away... extreme focus on the trade - and you killed it! Thanks heaps...
Thanks Anek. I actually did re-enter after the 2nd shoulder break, but after getting stopped out the first time, I went back into scalp mode...and exited much earlier than my original plan. I'm sloowwly learning when to have patience and let the patterns complete...and when to quickly take my profits when the market is choppy. As you say, "screen time"... I must say though, since reading this journal and watching you trade live, chatting, charting, etc., the learning curve has speeded up exponentially! I'm having more winning days than before, and when I lose...I'm loosing less. And I really appreciate the help from the others that contribute here as well...I'd name names, but there are too many to list. A lot of great people on this thread!
is using line crossings worthwhile and what about modified and offset ma channel lines? what if they tell you when to enter without all the thinking? Can that work? of course, always with the trend ...do we sometimes think an entry is counter trend when it is the apex at end of run and zero starting point of new run/trend? thanks anek
Mark! I'd love to see your chart. I played the 2B and entered at the break of the previous lower high. It reversed so quickly I felt lucky to break even. Thanks Mark
Thanks Mark, Yes please post the chart! The "quicker upthrust" that you mentioned - is that the longer green bar at 12:27? Is that longer bar thegiveaway to look for a 2B pattern instead of trying to play the W? If you can post the chart with your entry, I'm sure that will help me get it. I'm pretty sure that I've seen the 2B pattern in Suri's book, but I'll have to read through it again. *also could you post your stop too?
Could be a little slow. When I see a trendline break I don't actually call a new trend unless a swing in the direction of the so called new trend forms on the other side. Doing this helps a lot with what is just noise. Anek
Here are my charts from Friday morning and Afternoon. This is probably some of the worst trading you will ever witness but I forced myself to go through my trades and annotate what I was thinking when I took them. Looking back it is comical but it shows how your mind can think during market hours and not see clearly what is really going on. It's embarrasing to show this to all of you but maybe you will learn something from my mistakes...Enjoy the show :eek: