The Market is fluid by nature, its important to have a defined plan of action.
More than likely I won't be around to Trade today but the Chart below shows what I would be looking for in terms of a Bearish Bias.
Renko line in the sand 294 replies
Line in the Sand 106 replies
Line in the Sand Part 2 4 replies
DislikedSPATT hope you dont mind ... Ive put your indi on the charts Ive been using with some sucsess and they totally confirm what Ive been using ..Im content to take 30pts (ticks) each trade , there may come a time when I can delete the smooth ha etc but I shall see.... the grey boxes come from Lems Witching hour which I have to use as later hrly bar due to time differences .... JUST IMO the HA smoothed will keep me out of small reversal trades .. THANKS AGAIN for magnificent effort Good Fortune SP{image}Ignored
DislikedSPATT hope you dont mind ... Ive put your indi on the charts Ive been using with some sucsess and they totally confirm what Ive been using ..Im content to take 30pts (ticks) each trade , there may come a time when I can delete the smooth ha etc but I shall see.... the grey boxes come from Lems Witching hour which I have to use as later hrly bar due to time differences .... JUST IMO the HA smoothed will keep me out of small reversal trades .. THANKS AGAIN for magnificent effort Good Fortune SP{image}Ignored
DislikedSPATT hope you dont mind ... Ive put your indi on the charts Ive been using with some sucsess and they totally confirm what Ive been using ..Im content to take 30pts (ticks) each trade , there may come a time when I can delete the smooth ha etc but I shall see.... the grey boxes come from Lems Witching hour which I have to use as later hrly bar due to time differences .... JUST IMO the HA smoothed will keep me out of small reversal trades .. THANKS AGAIN for magnificent effort Good Fortune SP{image}Ignored
DislikedHi stevepatt, Just wanted to say thank you for some info I gleaned from your posts. Specifically The .200 and .800 numbers play their role also. A lot of Market moves emanate from these Levels just look at any Chart to see this. I have incorporated it into my style of trading. Thanks and good trading to ya!! TSDIgnored
Disliked{quote} Hi TraderinSD, Glad it has helped. Be sure to use them in conjunction with Whole and Half Numbers Institutions and Banks love them. When Banks and Institutions are Accumulating Orders around a Whole Number they use the .200 .800 as buffers to keep the Market compressed until their Orders are filled. GBP/JPY, at the moment, is a good example of how these Numbers are used for placing Limit Orders and off loading old positions to build new ones. {image}Ignored
Disliked{quote} I continue to trade my simple variants using the core principles of price, along with my notion of s & r, including where I perceive ob/os levels are within the above context. I do not consider at all what the banks/institutions might be doing, or planning to do, because I simple do not and cannot know. In any case, their actions are directly reflected in the price, and it is the price that I as a retail trader can trade against. I think (imo) the moment anyone starts getting embroiled with banks intentions etc, then they are more likely...Ignored
Disliked{quote} with all respect... and im not having a go or questioning your merhods or opinions ar all....i respect and take on board all you post.. however may i just point out one thing? for your suggestions and advice you never post charts and ideas on charts to help others to improve from your advice perhaps if you do what steve does and puts up.his charts and reasons....in your case put up the charts and reasons with your idea of solution it would go a ling way to earning more respect. a well known phrase...and not meant to.affend if you talk the...Ignored
Disliked{quote} You are talking nonsense. Perhaps YOU ought to post YOUR charts eh?Ignored
Disliked{quote} You are talking nonsense. Perhaps YOU ought to post YOUR charts eh?Ignored