yesterday night was great.i did enjoyed.
tommorrow night i have to spend all the money i made this week.(valentine)
intraday trend trading with price action
- #365
- Edited 4:01pm Feb 13, 2010 1:47pm | Edited 4:01pm
[quote=trade price;3461785]see the chart
Sho, the area on the chart with the rejection bars(yellow square), would you enter after the break of the high of the 4th down bar with a stop below that same bar? Looks like some of the time you enter at the open of the next bar after signal bar others are after the break.
I see the significance of the tails now and how you can spot the big guns getting their orders filled (MOMENTUM).
The price action on the bars with the long tails does that represent 1) Big players selling smaller lots driving market down the the level they want to buy bigger lots or 2) Lack of buying by big players and the market dropping by the selling of amatures?
Sho, the area on the chart with the rejection bars(yellow square), would you enter after the break of the high of the 4th down bar with a stop below that same bar? Looks like some of the time you enter at the open of the next bar after signal bar others are after the break.
I see the significance of the tails now and how you can spot the big guns getting their orders filled (MOMENTUM).
The price action on the bars with the long tails does that represent 1) Big players selling smaller lots driving market down the the level they want to buy bigger lots or 2) Lack of buying by big players and the market dropping by the selling of amatures?
Spent evening reading the thread from beginning. Some really great stuff in here and seems like a friendly place to hang out. will be here on monday for sure. better go now before the wife throws computer at my head!!!
oh, for those that struggle with posting charts look up 'jing' on google. download free software. its good and simple to use
Welcome and thinks for the Jing thing, downloaded and played with it a little while. Looks like my charts will be jing'in now
- #370
- Feb 14, 2010 4:50am Feb 14, 2010 4:50am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Thank you guys for all the comments.
To Pardy:
I think you are right, and agree that my entry was too late on that trade,
but I think no one knows when the price starts running fast with little retracement even after it moved signifincantly.
It is vital to take a trade according to the set rules if all the entry conditions are met.
In that sense, I would like to know the entry point is valid or not, irrespective of winners or losers. But as you pointed out, if I had entered earlier at the point you mentioned, I would have made some profits.
Thanks again
To Pardy:
I think you are right, and agree that my entry was too late on that trade,
but I think no one knows when the price starts running fast with little retracement even after it moved signifincantly.
It is vital to take a trade according to the set rules if all the entry conditions are met.
In that sense, I would like to know the entry point is valid or not, irrespective of winners or losers. But as you pointed out, if I had entered earlier at the point you mentioned, I would have made some profits.
Thanks again
- #375
- Feb 14, 2010 8:18am Feb 14, 2010 8:18am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Hi Sho, you mentioned round numbers but do I don't see any pivots plotted on your charts. Do you use these or not?
Thanks
sho is a very good trader he doesnot need any lines.
he use his eyes.
he allways say to use the eyes to see the charts.IMHO
Trade-price, you would do better to learn price action at James16 thread here at FF. Keltner channels do not provide support and resistance, you are misguided.
Regards
and telling others how to trade.
you are here to sell the others systems. only people like you will say this thread is not helpfull.
for this reason i dont like most of the people with lots of vouches.(not all)
you call your self a good trader.
so many people lose money because too many people like you .
