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Price is everything

  • #30,001
  • Mar 13, 2015 2:18pm Mar 13, 2015 2:18pm
Quoting blueface
{quote} Hi bigwal what TF do you use? I mean do you use a fixed TF, or switch different TF to analysis chart ？ thx a lot.
Here is how i have my charts.

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I like the 5 min chart because i can see the orders being filled and the order flow as a whole. Other time frames are there for the larger picture, a scalp can turn into a long term trade if timed correctly, equally, we do not want to play a set up right into a brick wall above. It is always good to have an eye , where we are!

I try to look past the time frames as it is only a visual representation of price history. How did they manage before charts were around?

The market is made up of decision points , for example a drop , base , drop. The base part was a pause if you like, then a decision is made to drop lower. Now if price is at the low and rises above the base (decision point) the orders are wiped out and the signal is to go higher! But first the banks want a wholesale price, so it is pulled back to the low but not exceeding as to stop out the first move up.

Let me show you

Attached Image (click to enlarge)
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I am out this evening and bit on the weekend. Have a great weekend all.

Warren
I need to finish something i started
  • #30,002
  • Mar 13, 2015 3:02pm Mar 13, 2015 3:02pm
Quoting bigwal
{quote} Here is how i have my charts. {image} I like the 5 min chart because i can see the orders being filled and the order flow as a whole. Other time frames are there for the larger picture, a scalp can turn into a long term trade if timed correctly, equally, we do not want to play a set up right into a brick wall above. It is always good to have an eye , where we are! I try to look past the time frames as it is only a visual representation of price history. How did they manage before charts were around? The market is made up of decision points...
Thanks for your posts, have a great weekend.
  • #30,003
  • Mar 13, 2015 5:31pm Mar 13, 2015 5:31pm
Quoting bigwal
{quote} Here is how i have my charts. {image} I like the 5 min chart because i can see the orders being filled and the order flow as a whole. Other time frames are there for the larger picture, a scalp can turn into a long term trade if timed correctly, equally, we do not want to play a set up right into a brick wall above. It is always good to have an eye , where we are! I try to look past the time frames as it is only a visual representation of price history. How did they manage before charts were around? The market is made up of decision points...
wow finally a clear explanation keep them coming have a great weekend
  • #30,004
  • Mar 13, 2015 10:54pm Mar 13, 2015 10:54pm
Quoting bigwal
{quote} Here is how i have my charts. {image} I like the 5 min chart because i can see the orders being filled and the order flow as a whole. Other time frames are there for the larger picture, a scalp can turn into a long term trade if timed correctly, equally, we do not want to play a set up right into a brick wall above. It is always good to have an eye , where we are! I try to look past the time frames as it is only a visual representation of price history. How did they manage before charts were around? The market is made up of decision points...
Nice explanation for those new to the thread. Thanks Warren. Lets try to keep it going and stay positive
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #30,005
  • Mar 14, 2015 1:29am Mar 14, 2015 1:29am
Quoting bigwal
{quote} Here is how i have my charts. {image} I like the 5 min chart because i can see the orders being filled and the order flow as a whole. Other time frames are there for the larger picture, a scalp can turn into a long term trade if timed correctly, equally, we do not want to play a set up right into a brick wall above. It is always good to have an eye , where we are! I try to look past the time frames as it is only a visual representation of price history. How did they manage before charts were around? The market is made up of decision points...
Hi bigwal

thx a lot for your share

thx.
  • #30,006
  • Mar 14, 2015 10:13pm Mar 14, 2015 10:13pm
Quoting bigwal
{quote} Here is how i have my charts. {image} I like the 5 min chart because i can see the orders being filled and the order flow as a whole. Other time frames are there for the larger picture, a scalp can turn into a long term trade if timed correctly, equally, we do not want to play a set up right into a brick wall above. It is always good to have an eye , where we are! I try to look past the time frames as it is only a visual representation of price history. How did they manage before charts were around? The market is made up of decision points...
Warren,
Just wanted to say that I am loving your posts and you are shortening the learning curve of many here. I am grateful for that as are many many more that lurk behind the scenes i'm sure.
  • #30,007
  • Mar 14, 2015 11:53pm Mar 14, 2015 11:53pm
Quoting bigwal
{quote} Sorry i apologise if my post seemed offensive. The chart was of a 1hr time frame if i remember rightly, i was curious to see if viewers of this thread could recognise a 5 min pattern in a 1 hr time frame. Time frames cause much confusion with patterns that we relate to. Quite the question is , what do we see and is it similar. I was interested,i will add my view if people want, but its intention was to help others, i am really keen to see what you guys see. {image}
On the 5 min charts, I see an engulf pullback pattern.
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  • #30,008
  • Mar 15, 2015 4:56pm Mar 15, 2015 4:56pm
Quoting skong
{quote} On the 5 min charts, I see an engulf pullback pattern. {image} {image}

SKong,

Beautifully put as always.
I need to finish something i started
  • #30,009
  • Mar 15, 2015 5:25pm Mar 15, 2015 5:25pm
During the fact.

Going to bed , let it play out


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I need to finish something i started
  • #30,010
  • Mar 16, 2015 7:12am Mar 16, 2015 7:12am
Quoting bigwal
During the fact. Going to bed , let it play out {image}
Huge Thanks to Bigwal. your post provided many eureka moments to me. I have been in PIE, RTM and AG for long time, your post give very clear explanation, that I have been searching for.
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seeing through
  • #30,011
  • Mar 16, 2015 9:20am Mar 16, 2015 9:20am
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God bless you Red
  • #30,012
  • Mar 16, 2015 11:01am Mar 16, 2015 11:01am
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God bless you Red
  • #30,013
  • Mar 17, 2015 8:37am Mar 17, 2015 8:37am
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God bless you Red
  • #30,014
  • Mar 17, 2015 9:24am Mar 17, 2015 9:24am
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God bless you Red
  • #30,015
  • Mar 17, 2015 9:26am Mar 17, 2015 9:26am
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God bless you Red
  • #30,016
  • Mar 17, 2015 10:11am Mar 17, 2015 10:11am
Quoting magician11
{image}
glad you are posting here magician11, may I ask what kind of PA are your waiting for confirmation?
  • #30,017
  • Mar 17, 2015 10:34am Mar 17, 2015 10:34am
Quoting mellyfx
{quote} glad you are posting here magician11, may I ask what kind of PA are your waiting for confirmation?
Pin or Engulf on supdem zone, same for me
God bless you Red
  • #30,018
  • Mar 17, 2015 10:39am Mar 17, 2015 10:39am
Quoting magician11
{quote} Pin or Engulf on supdem zone, same for me
nice, thanks
  • #30,019
  • Mar 17, 2015 12:23pm Mar 17, 2015 12:23pm
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God bless you Red
  • #30,020
  • Mar 17, 2015 2:34pm Mar 17, 2015 2:34pm
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evening scalp.
I need to finish something i started
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