My charts illustrate a live call showing my analysis before the signal as well as the "buy right here" entry level, which took place during a Skype convo. You can PM an ET member named wolfpacker if, by ensuring the analysis posted here took place in real time at the hard right edge, you'll feel more confident in the price action concept* described in my posts * Breakout Pullback is what I call it, and it's the highest probability setup I trade
The questioning of the basic price action reads posted in this journal helps accentuate the colorful newbies of the board.
I have about zero tolerance for this PA/TA bashing, do a combine, show me real-time shit. It doesn't matter to me if I keep the thread or close it and crawl back into my cave. ANYONE IS WELCOME TO DRINK THIS COOL-AID. IF YOU PREFER A DIFFERENT FLAVOR, THERE IS AT LEAST 1/2 DOZEN OTHER CURRENT THREADS SERVING. QUIT THE BULLSHIT RIGHT NOW, OR THE THREAD IS CLOSED.
Why are you yelling in your own thread. No doji had a great idea about a chart showing some actual stop-outs. It's clear by the thread title that this is "not about real-time trading". Carry on.
Tiddlywinks, Why don't you just ignore the attacks or negative comments ? Not worth the aggravation to waste time with people not worth it. I for one am enjoying the good charts. Thank you.
Because they are assholes that swarm threads like locust, offer no constructive commentary other than "My way is the only way", create 10's or 100's of pages of the worthless self-centered narrow minded bullshit, and destroy the usefulness of the thread. As for aggravation, it's not about that. It's about enjoyment and MAYBE MAYBE MAYBE the altruistic concept of contribution... you remember, the reason niche forums were created in the first place.
I was trading NQ and she was trading CL... She "glanced" at the NQ chart and said buy the pullback.. I hesitated and missed it... She saw in milliseconds what I couldn't see hardly after the fact.. She is the best trader I have seen by a country mile.... Best thing to do is not to ask her to call trades live.. She has nothing to prove to anyone.. She has a wealth of knowledge and is gracious enough to share it with you, so why not ask her solid trading related questions.... She is truly a trading Jedi Master...... Have never seen her equal.. Wolf
tiddlywinks - This is a great thread. Please don't have it closed because of the trolls. You trade several different futures markets (financials, softs etc) - do you need to adjust your method between markets (as in "do they behave different or have different personalities")?
Hi tobbe: That's the great thing about PA trading. It's applicable across the board. The same patterns and pressures appear, it's magic! And as you mention personality of an instrument plays a part, definitely. First consideration is bar interval, or put another way, how the trader views that market. Personality (the incremental changes in price) is affected by tick-size (amongst other things) and since the job of a trader is to make money, that's important! I use time-based bars and based on the personality of DX (20 ticks = $100) a one or two minute bar is too fast for intraday trading unless scalping. Conversely, a fifteen on SB (9 ticks = $100) is too slow as you would have few opps intraday. So the first thing the trader must understand about "personality" is the exact exchange specifications of the instrument being traded. Second is grittier, and in my case directly affects my "methods" Over 80% of my setups use a bar CLOSE. Some markets, and DX is the one that brought this to light for me, can (and should) be traded based on a PRINT. This also means some PA patterns become "less desirable". Case in point, the silly little Pipe Top that seems to have dominated my charts lately, where 2 bars form a LH or HH and have matching highs. Sure the pattern appears on a 15m DX but a setup without the matching high criteria appears more frequently, is as reliable, and much more desirable for on print entry/exit. BTW, Pipe Top appears regularly on DX with fast bars, but as mentioned, there is no money with DX and fast bars unless scalping. Anyway, there is much more to the topic of instrument personality. I hope I answered your question.