Learning to read Price Action with P&F Charting

Discussion in 'Strategy Building' started by HolyGrail, Mar 22, 2008.

  1. The sync trades are my favorite scalp trades. The duration is normally very short.
     
    #341     Mar 28, 2008
  2. I just switched over to ym. Too slow today on es.
     
    #342     Mar 28, 2008
  3. what box and reversal sizes are you using?
     
    #343     Mar 28, 2008
  4. 4,5,6 with 3 box reversal
     
    #344     Mar 28, 2008
  5. I should menton on the sync trades that the most reliable ones are when they are all about to be in a buy or sell position.

    For example, here is a current state in YM.

    I did not take this sync trade because we have had one column which has been 0's for a long time.

    What I am looking for is a double or triple bottom in all three charts. Then they ARE truly in sync. Some other trades may work when the larger box size is slightly out of sync. This would be something like this

    .5 has a double or triple top or bottom
    .75 has a double or triple top or bottom
    1.0 just started a reversal column and it has at least 3 more boxes to go before it reaches a double or triple, top or bottom.
     
    #345     Mar 28, 2008
  6. We have a possible bullish catapult on the .5 in es if 1331.50 gets hit before a new column of 0's
     
    #346     Mar 28, 2008
  7. We just had a nice sync trade in ym.
     
    #347     Mar 28, 2008
  8. Just completed another sync scalp on ym.
     
    #348     Mar 28, 2008
  9. MAESTRO

    MAESTRO

    I was following your trades. They make good sense to me! Keep it up!
     
    #349     Mar 28, 2008
  10. Thank you Maestro. I'm still trying to learn the best methods, and it does comfort me that you feel this may be on the right track.
     
    #350     Mar 28, 2008