Far, Might or might not help. Not experienced enough to form an opinion on Market Delta. What I do know is that keeping it simple works. You can slice price in so many ways, after all it's the same thing with a different package. Some, might even take you a long time to open, aka lag. Now, if it's based on Time and Sales, it's probably a good thing. Anek
Hey Anek, I had a question about this chart titled afternoon opportunities with the 4 arrows. In particular the first and third arrow. What gave you the indication that this retracement was just a brief pull back and not a total trend reversal. Did you wait for that retracement to start to turn back to uptrend, and if so, how many up bars did you wait to see. ? Its a tremendous entry point number 1 and 3. Something I would wait longer to take part of so I was just curious. Thanks dude.
Hi, Net $150, did about $75 after hours last night and about $75 intraday today. Lost a small amount on AAPL. Cheers and have a great weekend all
My indicator going from neg/0 to positive. Signaling the end of weakness, the return of strength, with of course, a minimal stop. Anek
Jimmy, I see what you mean about longer sideways movement but what is the correlation with high / low volume during that sideways period what would either one typically indicate to you. Thanks for the info. I'm sure you AHG traders made a few bucks today
Anek, Is that your proprietary indicator that you and your friend came up with ? If you traded those entries do you mind telling us where your exits were ? Thanks dude !
Boo, Yes, it's based on high lows and trendline computations. I exited after the symmetric triangle breakout on all positions. Usually, I would keep adding until a change of a trend presents itself as a threat. However, I made a mistake, I called a top, thinking the Friday Afternoon would convert it into consolidation and closed them all prematurely when the correct play was to close it at 4PM EST because the uptrend never slowed down. Anek
Side ways movement with dwindling Volume is an indication the Market is taking a breather with not much activity. Metaphorically speaking kind of like the calm before the storm. Getting ready for the next move up on heavier vol , in a strong HH HL trend that is !!
Good stuff, keep the consistency. Then add 1 car as you go by, progressively, responsibly, then you become filthy rich. Anek
Thanks Anek, I need to study the symm triangles more. You guys can definitely spot them a lot faster. I know you believe purely in price action, but do you guys use other TA tools for trading or maybe just testing purposes ?