Dislikedit's 3 am sunday morning and i am looking for setups
what about adidas? fib retracement, support, round number, ...Ignored
CW
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Dislikedit's 3 am sunday morning and i am looking for setups
what about adidas? fib retracement, support, round number, ...Ignored
DislikedI wasn't sure how relevant this would be to this method, but assuming your following with the S/R and you spot a price pattern you could act on it in accordance with the price pattern.
For a long time I tried to find something like this, and it wasn't until I bought Pring on Price Patterns that I actually found this, I took the liberty of scanning it so that I don't have to go back to the book all the time.
Cheers,
VB,Ignored
DislikedAn interesting chart that caught my eye. Any comments would be welcome.Ignored
DislikedI wasn't sure how relevant this would be to this method, but assuming your following with the S/R and you spot a price pattern you could act on it in accordance with the price pattern.
For a long time I tried to find something like this, and it wasn't until I bought Pring on Price Patterns that I actually found this, I took the liberty of scanning it so that I don't have to go back to the book all the time.
Cheers,
VB,Ignored
DislikedI wasn't sure how relevant this would be to this method, but assuming your following with the S/R and you spot a price pattern you could act on it in accordance with the price pattern.
For a long time I tried to find something like this, and it wasn't until I bought Pring on Price Patterns that I actually found this, I took the liberty of scanning it so that I don't have to go back to the book all the time.
Cheers,
VB,Ignored
DislikedHey very good
1) Never check the trades intraday. Only ever check the charts once per day as near as possible to the end of the daily candle.
Does this go for trades that are currently open or for entries?
VB,Ignored
DislikedHi Chris,
sorry for the question but in James (16) thread you mentioned you do a lot of work on the meaning of bars.
In your experiance is there a specific level/timeframe that you have found the meaning of bars to diminish, do they all talk or just applied to the larger timeframes with important levels of S/R.
Are you breaking the bars down to find the meaning or just taking it as a whole,
sorry for the question, just interests me, thanks Lloyd.Ignored
DislikedWell, the larger the time frame, the more significant the meaning. For a quick and dirty explanation, if you have an extremely bearish bar on the 15 minute chart it doesn't mean as much as a daily bearish bar.
Even if the bar in and of itself isn't a signal - think about what is going on - it is trying to tell you a story.
CWIgnored
DislikedI don't worry too much about fundies most of the time, but with earnings season starting this coming week, I might be a little more careful. I know a lot of people love this stock right now.....which is nothing to worry about, but it's something to think about.
I would say the move will show itself this week. If it breaks lower - that's a strong signal too. A failed pinbar is important as well. This is a good chart to watch. Do me a favor and post it at the end of next week - since I have the memory of a cucumber!
CWIgnored
DislikedHey Chris,
Let me ask you something. I watched the latest video and it's another great one. I have the round number indicator that mbqb11 uses. Big round numbers, so for UJ it'd be 90, 95, 100, 105 etc. The lines/zones I plot on these charts often line up at exactly the same levels (just like the UJ in your video). Which is kindof what you'd expect in terms of orderflow. So, the question is, can you see a disadvantage in just using the big round numbers to look for price action. Doesn't that make things that little bit simpler?
I know. Many ways...Ignored
DislikedThis is an expensive stock, so I would probably look into options for the CME Group. Options are a great way to play higher priced stocks without tying up too much capital.
Just above a 50% retrace, sitting on obvious major support, the 50 and 200 movings averages are crossing. (I don't use MA's, but a lot of people do - so it's a matter of confluence.) It doesn't hurt that it's a nicepinbar either.......Ignored
DislikedSir, pls where can I download the mbq11 round number indicator
Thanks
woleaduIgnored
DislikedHi!
Also starting with stocks...but a thought I can not take out of my mind.
Do you consider the big picture? I mean, you identify a good long oportunity, like CME, but S&P is in a dangerous situation if it definitively confirms the S-H-S. CME might not be a part of big indexes, but would probably be affected by a general drop of stocks.
What I mean is a kind of filter like "only go short (long) when general big indexes go short (long)"
How do you see it?Ignored
DislikedHi!
I just wanted to share this great comic.
I always try to keep it in mind when trying to set TP too far.
Not to mention it can be usefull for those thinking about making millions in one month with a 5k account.
Also a picture about life and happiness.
Hope you enjoy it.Ignored
DislikedSir, pls where can I download the mbq11 round number indicator
Thanks
woleaduIgnored
DislikedSir, pls where can I download the mbq11 round number indicator
Thanks
woleaduIgnored
DislikedHi!
I just wanted to share this great comic.
I always try to keep it in mind when trying to set TP too far.
Not to mention it can be usefull for those thinking about making millions in one month with a 5k account.
Also a picture about life and happiness.
Hope you enjoy it.Ignored