Highs Lows Double Tops Double Bottoms Time and Sales Trendlines Support Resistance All you need. Anek
I see what you mean Jimmy, so the opposite would be strong volume during sideways movement would possibly indicate a reversal. I see Anek circled the low volume during the sideways movement which led to a continuation of the uptrend. I see what you guys mean. I'm Learning something new everyday. Gotta keep observing and hopefully Pretty soon I'll be at the pub after trading downing some free pints of Guinness like Razor ! Good work today Razor, capitalizing on the afterhours too !
oops. is that indicator available through trade station or is that something you had to put. I know Im a noob.
Dude please.... sideways movement with diminishing volume?.. Im shorting that action all other variables aside Paul
It's completely proprietary, the main function was written by a very talented trader friend. Since I can't share it I should not show it on my charts but people keep asking me how do i get such good entries and well, I have to explain. It is by no means a requirement it's just good stuff to summarize price action faster so you can be more efficient and precise. Anek
Hey Boo, You can easily spot triangles, just by connecting the latest (2 or 3) highs and the latest lows. You can do it with trendlines, or just imagine these lines. At least, that's how I find them. PM
Thanks Anek, that is the plan 21 trading days so far on this, 12 winning days, 9 losing days, biggest winning day +$333, largest losing day -$441 (don't think this will be an issue anymore since about day 10 or so when I made the commitment to stop fighting the trend .....Net Gain trading 1 NQ for 21 days = $556 That is about a months worth of trading and to have a net gain trading only 1 NQ car (only $20 a point) with some large losing days at the beginning when I was still fighting the trend at some points has me feeling pretty good and gaining confidence Thanks again Anek and others for the support and help. Good weekend all, cheers