=============== Yes; enter occasionaly on convergance of 5-6 month chart, & 5-6 day chart.50 dma helps also, not absolutely necessary. Thought about being much more specific; decided against it. But will say late FEB,March has had some of the worst weekly uptrends but better downtrends., by many measures.[SPY,ES, QQQQ]
Thank you for the response Murray, I have pulled up a daily chart for ES looked back for 5 - 6 months as well as Feb and March of this year and also last 5 - 6 days and I can't see what you are trying to show. Can you perhaps define 'convergence' ? Cheers
This is not my best setup but it is one of my favorites. Bullish White Hammer pattern There are many subgroups of Bullish White Hammer patterns and most of them aren't reliable. The few that are reliable are very difficult to miss. Anyways, I didn't have a 1min - 5min chart example of a valid Bullish White Hammer pattern prepared for posting even though they did occur today in several different trading instruments I follow closely. However, I did already have a 60min chart example of the CBOT mini-sized Dow YM prepared. Pattern signal rules, entry signal, profit targets and other aspects discussed in detailed at the below link (no need for me to repost info that's already posted in great detailed). http://www.elitetrader.com/vb/showthread.php?s=&threadid=52880 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1397512"> Mark (a.k.a. NihabaAshi) Japanese Candlestick term
Ascending/descending triangle breakouts, highly profitable for me the past few months since I started looking for them. Euro breakout Yen breakout RACK breakdown Possible bull-flag/long-term channel (missed the .7680 entry..) AUD Flag
This is my kind of thread I am trying to learn how to trade this way - no indicators, just price action, drawing trendlines, s/r, and watching patterns develop over and over again. Thanks to all!!!!
Thank you for the posts Trader KGB Sponger, I am with you, IMHO after many years of seeming to look at every indicator, strategy, etc etc possible out there, I believe now that to be able to look at a pure price chart and 'see' the action will enable one to trade any market, on any time frame, at any point in the present or future...... I must admit I am yet to master this goal / belief
The FTT (Failure to Traverse) provides an indication that market sentiment has changed (circled). It appears on any market. Combining an FTT (Price) with Gaussians (Volume) provides a trader with a highly effective strategy for trading whatever market they choose. Good Trading to you all. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1397742>
FWIW, a select few members of ET have encouraged me to pursue this form of trading. I'm slowly putting the pieces of the puzzle together - no easy task, but I'm making progress. Looking forward to more of this thread........