Consider trading futures where you can trade other markets not correlated with equities. Oil, Bean, and others had some nice HF/LF and moves thereafter. Something to consider.
Download, read and study the trend analysis pdf I uploaded. It talks about basic trend identification and the terms that are mentioned in bugsbunny's reply and annotations on his chart. If trading this method you should be conversant with these techniques inside-and-out. The pdf is by Dan Gramza. He's going to be at the NY Traders Expo for anyone who's interested. Good Luck.
Glad to see everything is still going well in the channel. I had to take a break because I was too focused on doing well and posting good trades (stupid) to actually just track price. Plus, I got distracted by the chatter (my fault again). When school has been letting me, however, I still have been trading. Will definitely make it to the room next week. Also want to say I've integrated porn into my swing trades... scaling out into first reversal or major s/r. Looks promising and is very easy to do. Never was confident in trading continuation moves before... but now for some reason it just clicked.
I just finished reading this thread, thanks to all that have participated. Early on I saw an indicator posted by Anek called Price Action, I like it. The posted version works in TS and Multicharts, I may have missed it, didnât see a version for NinjaTrader. Here it is along with a chart with the indicator applied. The indicator has four inputs: Lookback - number for bars to lookback fro the swings Strength - strength of swings DTDBStrength - ability to set the strength of a double top or double bottom, the higher the number, the âlooserâ the double top and bottom detection TextOffset - higher numbers move the text further from the bar Image in next post. Thanks, Guy
Many thanks TradingGuy. I had it on my list to convert he Ts indicator I helped create to a NT version. You saved me many hours/days:eek: What a great thread. Traders sharing and helping traders. Thanks again.