Made some money on this trade. Here is what I saw. Price was seemed to be slowing after a couple of big moves. I lined the order just above the prior resistance as you can see across the screen to the left. It jumped out of the BB and I was within 2 points of the 848.5 line just in case it decided to push through to that so I had enough room to not get stopped out. Would you have done this any different ESR?
Mate, I've been putting in some crazy hours at work... which is why I need to get real good at this, real quick..!! Good enough to be confident in it as my primary income! Whilst I'm here, you can answer a question for me if you would be so kind: your tick chart does what it is supposed to... but mine is crazy and pretty meaningless Have a look at the attached and see what you can suggest for me please The chart is from IB's TWS; their charts are pretty limited IMHO. After much research, I've just opened with Infinity and will be using Sierra Charts, so I'll have much better charts soon. Thanks in advance m8, Preach
Hey Verdo, Thanks - that's a huge improvement and makes it more 'readable', but the problem is that I've still got (almost) every candle spiking past the BBs - both upper and lower (BBs based on ESR's recommended setup)... whereas ESR's $tick chart was altogether 'smoother'. Thanks for your suggestion... and keep the suggestions coming. Cheers m8, Preach
hey preacher I am not sure to understand ,but I think you speak of BB width. In this case , the soft is initiated for 9. go and get this value changed to 20
Got to turn in - it's Friday morning here already :eek: Hopefully you good people will have fixed my $tick chart by the time I wake. Blesh y'all
This makes a lot of sense. At first I was thinking the close would make more sense since that's where price ended up but on a timeframe that is artificial (minute, hour, etc. as opposed to a day or week) the close can vary but the spike doesn't. The spike is the same whether you have 60 minute or 15 minute charts. Thanks for the explanation of why you choose the spikes. Now I have a question: After the rally there was a pullback to 858.25, just under the pivot of 863.75. I'm curious if anyone traded that one? I was already long and I held through it, only because I was scared to sell.
Hi everyone Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information. Always remember to use the numbers as a guideline for potential areas of high probability plays. Always use a set up based upon your system to enter a trade . Good trading all P.S. Flying out to Las Vegas for a short holiday today, will be gone for a few days, will try to have the numbers our monday and tuesday but cannot guarantee it : ) Have a good weekend all.