That's the idea, confluence. Not taking every 3BR like noobies were doing was hilarious *and* embarassing. Anek
page 938: 2 reasons why it seems to work well: 1) In an established trend, this bar is like a micro consolidation, you usually see volume drying up, and the following Break Out is often good for a microscalp. 2) Since it's often a small bar, the stop below/above/ the same bar is very small compared to the current volatility. Keep in mind I'm still studying it. [/B][/QUOTE] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ any chart availabe please? you know: 1000 : 1 Thanks Mark
Anek - sorry - last "indicator" in 2007 For scalpers only (probably) Someone mentioned a super short formula for measuring the PACE OF CHANGE: range (HI-LO) div. by seconds (don't recall who it was) Has anybody any experience with this tool? Thanks for inputs. BTW CHEERS 2008 Charly
so here is the concept you might want to play with.. I used sb else's chart ,notice the yellow lines which show the pattern and red ones showing entry..
In terms of microscalping I found this thread. Maybe this is interesting for someone. http://www.traderslaboratory.com/forums/f34/s-and-r-scalps-2990.html Basically the method of this thread is about support becoming resistance and vice versa - something Anek has mentioned several times.
The site is down. Here's the google cache of the link: http://209.85.173.104/search?q=cach...tml&hl=en&ct=clnk&cd=1&gl=us&client=firefox-a
It's much better on the eye when those bars were red (negative close) and green (positive close).Just easier to see patterns. My prefernce anyway.Some folks may got used to this type of charts. I use candles. I see u said u used somebody's else chart so no complains. Thanks for posting. Regards
Here is another one, I circled the pattern in yellow..forgive the somewhat rough chart..essential thing for me is to wait for thr one tick retracement after it breaks high or low of the prevoius bar, this way if it is going to go in my direction I'a already one tick ahead..