quote..... ..... if it rallies into the 1pm time frame then odds favor an afternoon move lower ... if the move stalls out around 11 am then the odds favor a move higher after lunch
quote..... ..... the only sure fire sells you get on days like these is if the ALT's start to break ... the higher frames give you an idea of where the supply is, but the ALT's tell us if the supply is of any importance
quote.... ... the most important points are SR levels ... they can be identified by noting all pivot points in the daily chart ... whenever price made a reversal in the daily, go draw that horizontal line
quote... .... my stop is activated in less than 5% of all my trades ... the most important thing is to create a system that works without stops and without optimizing after backtesting .... your system should perform well as it is and under all circumstances ... only after that ... do you have to think about stop losses
... you've got the linear (the trend) and nonlinear ( the volatility ) .. use them .. gaps are filled for a reason ... when... we don't know
quote... ... which is more important in your analysis: .... volume or swing/leg projections on the recent moves ? quote.... ... the projections... and i monitor the volume at those projections
... quote ... learn to spot the following formations before you place a trade begin with level 0 ( no trades ) consolidation level 1 uptrends downtrends level 2 double tops double bottoms level 3 wedges sym triangles stay out of anything else for now... use trend lines at all times
... quote ... generally, as the market goes down the vis should go up and vice versa ... when it doesn't.... or doesn't to the extent that it should .. take note