Good Morning Volpri, I am struggling with identifying wedges tops and bottom. I am not understanding how you draw the lines to identify the wedges so easily. How are you identifying these wedges so easily? Thank you
Try drawing in both sides. A wedge is like a slanted triangle going down or up. It is simply a 3-push pattern. It doesn't always look exactly like a wedge like the 5th wedge going from left to right. That one not only has 3 pushes but also a micro channel. Here is the same chart but with both sides of each wedge drawn in.
November 29, 2024 Scalping ES on a 1m chart. For those interested in seeing how I like to scalp SPBL (small pullback bull trends) in a not so volatile environment. Grabbing small profits of at least a point. Why would I show these techniques? Aren't they my secret sauce? LOL. See PA is price action. It is no secret. There are no secrets. The more people who trade the techniques the more likely they will work even better. What if they trade against the techniques? They will probably lose because this is PA trading. Fight PA too much and a trader will lose. It doesn't matter if that trader is a retail trader or an institution. Neither can fight PA over the long haul and win. Yes, many of the techniques are counter trend entries...etc but very short countertrend. Enjoy. Hopefully the video will make for some entertainment. It is simply information showing how I like to trade SPBL trends. Be aware a trader can lose money and end up owing money trading futures or blowing their account. I mis-spoke on that first entry. It was not a limit order but a stop long entry order. Just wanted to clear that up so as to not confuse. Also, I mis-spoke later in the video when I said "on small volatility I may grab 2 or 3 points." I meant to say on bigger volatility. When trading 1m and 2m chart I like to use a 10 period EMA for scalping. On 5m charts I will generally use 20 period EMA for scalping. Sometimes a 21 period ema. Again, this is grabbing small profits by going long on market probes back down towards the EMA in a SPBL trend environment. It is making long entries on small countertrend moves betting on the larger trend which is a SPBL trend. IN SPBR (small pullback bear trends) I do the opposite i.e. short rallies toward the EMA and cover on a scalp back down.
After I started to look for wedges, I saw wedges everywhere, my question is I don't know which one, or if they are all tradable?
I'd have to make a video showing it but I talk about it in a round about way in today's video of trading a SPBL trend that instead of scalping like I did I mentioned holding a position and averaging up adding to the winning position on each succeeding PB to the EMA. Watch that video made today. Markets are closed early now. I may replay todays SPBL trend and make a new video using the replay and average up showing adding to a winning position.
Most are. If they fail I go the other way and look for a measure move. They often abound in first 2 or 3 hours of the session.
Lmfao hahaahhaahahahahah I know right. Lol. There are pull backs all over the chart. I think it's easier to just guess every trade add to losing trade position and pray you don't blow the account that day going tilt. Lol Just do the best you can.