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The One: Price Action and Reaction

  • #701
  • Dec 18, 2015 4:55pm Dec 18, 2015 4:55pm
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting bartlby37
{quote} Updated analysis of this chart. I posted the last chart at 9.30 last night and a closer look would have changed my view somewhat. I would probably have passed on this for a number of reasons. 1. Its Friday and my trade rules don't allow me to place short term trades on a Friday. 2. For an idea like this to work I'd want to see price come down and head straight back up again - no retests - I want it to look like a wash, so my orders would need to be in the market waiting for the move lower and right now I've yet to develop the confidence...

Hello bartlby37

you made a good explanation about your view and your thoughts
So if its permitted, I have made my setup, but I have to say that I dont trade ESX50SB.
Therefore its only general

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In my view there was a good sell entry after retest of the upper yellow parallel

nice weekend
from level to level - you need mental strength to reach the summit
  • #702
  • Dec 19, 2015 2:02am Dec 19, 2015 2:02am
Quoting Hpt
{quote} Hello bartlby37 you made a good explanation about your view and your thoughts So if its permitted, I have made my setup, but I have to say that I dont trade ESX50SB. Therefore its only general {image} In my view there was a good sell entry after retest of the upper yellow parallel nice weekend
Thanks for your thoughts Hpt. I find posting my ideas here helps me clarify them and seeing what others see in the same chart helps more - yes there were some good trades on the way up. With your sell entry - are you happy selling off upsloping lines and how would you enter? I try and use limit orders simply because that is what Tim Morge teaches and I'm not sure I'd have seen or been able to take advantage of the opportunity you saw - I guess that's one of the things that makes this interesting - we all see different things in the same chart.

B.
  • #703
  • Dec 19, 2015 5:24am Dec 19, 2015 5:24am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting bartlby37
{quote} Thanks for your thoughts Hpt. I find posting my ideas here helps me clarify them and seeing what others see in the same chart helps more - yes there were some good trades on the way up. With your sell entry - are you happy selling off upsloping lines and how would you enter? I try and use limit orders simply because that is what Tim Morge teaches and I'm not sure I'd have seen or been able to take advantage of the opportunity you saw - I guess that's one of the things that makes this interesting - we all see different things in the same...
Hello B.

I agree posting helps myself/others and give me good reflection of my setup
So here is my setup for short. its clear thats an counter trend trade , therefore my MM order me to take smaller lotsize, ...sl distance ... etc.


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regards
HPT
from level to level - you need mental strength to reach the summit
  • #704
  • Dec 19, 2015 10:43am Dec 19, 2015 10:43am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
further short possibility

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from level to level - you need mental strength to reach the summit
  • #705
  • Dec 19, 2015 10:44am Dec 19, 2015 10:44am
Hello everyone, I am thinking of putting together a pdf to show many examples of pitchfork setups in the past and how they could be traded. Please let me know if this would be useful.

Example
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #706
  • Dec 19, 2015 10:48am Dec 19, 2015 10:48am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting eaglestar
Hello everyone, I am thinking of putting together a pdf to show many examples of pitchfork setups in the past and how they could be traded. Please let me know if this would be useful. Example {image} {image} {image} {image} {image} {image} {image} {image}
good idea
from level to level - you need mental strength to reach the summit
  • #707
  • Dec 19, 2015 10:52am Dec 19, 2015 10:52am
Quoting eaglestar
Hello everyone, I am thinking of putting together a pdf to show many examples of pitchfork setups in the past and how they could be traded. Please let me know if this would be useful. Example {image} {image} {image} {image} {image} {image} {image} {image}
  • #708
  • Dec 19, 2015 12:09pm Dec 19, 2015 12:09pm
So here are the results of the poll.

It looks like I will be doing more real time analysis and explanations as the weeks go by, as well as more chart examples. Remember, the links in the first post show the basis of everything I am showing you here, so they would be a good place to learn as well especially the Action Reaction Course, the threads, and the free Interactive Brokers webinars. I am going to be focusing on 1 timeframe either 60min or 240min I haven't decided completely yet, so that we can follow along the same markets and same timeframe.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #709
  • Dec 19, 2015 12:13pm Dec 19, 2015 12:13pm
Thanks HTP - I wasn't watching the round numbers but looking at your charts I obviously should be.

B.
  • #710
  • Dec 19, 2015 12:14pm Dec 19, 2015 12:14pm
Quoting eaglestar
Hello everyone, I am thinking of putting together a pdf to show many examples of pitchfork setups in the past and how they could be traded. Please let me know if this would be useful. Example {image} {image} {image} {image} {image} {image} {image} {image}
Sounds like a fine idea to me - thanks for all the work you're putting in here. I certainly appreciate it.

B.
  • #711
  • Dec 19, 2015 1:18pm Dec 19, 2015 1:18pm
Quoting eaglestar
Hello everyone, I am thinking of putting together a pdf to show many examples of pitchfork setups in the past and how they could be traded. Please let me know if this would be useful. Example {image} {image} {image} {image} {image} {image} {image} {image}
  • #712
  • Dec 19, 2015 11:54pm Dec 19, 2015 11:54pm
New poll posted in regard to next few weeks/months of the thread. Please answer so I can take into consideration. Thank you.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #713
  • Edited 1:41am Dec 20, 2015 1:23am | Edited 1:41am
New Training Video showing the NZDUSD pair on a pitchfork. Please let me know your thoughts.

Inserted Video
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #714
  • Dec 20, 2015 2:09am Dec 20, 2015 2:09am
I liked the last video...only I don't understand for what theses Channels...you use obvious swings, s/r , key supply/demand ...and simply follow the market....maybe I didnot understand these channels, it seems to me -it is classic -80-90 years....anyway , thanks for this great thread .
beauty is in simplicity
  • #715
  • Dec 20, 2015 2:16am Dec 20, 2015 2:16am
Quoting Kovalenko
I liked the last video...only I don't understand for what theses Channels...you use obvious swings, s/r , key supply/demand ...and simply follow the market....maybe I didnot understand these channels, it seems to me -it is classic -80-90 years....anyway , thanks for this great thread .
Hi Kovalenko, I am truly honored that you have arrived at my thread. Your work is excellent. Feel free to stick around and post and ask any questions you may have. If you combine this with your work in supply demand, it may help to make your runners run longer

Inserted Video
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #716
  • Dec 20, 2015 2:26am Dec 20, 2015 2:26am
Yeah I use not only short period, you know - it depends on TF. I try to deep in your method....I love new method but we know that it's impossible to know everything in trading ...anyway - thanks mate.
beauty is in simplicity
  • #717
  • Dec 20, 2015 2:32am Dec 20, 2015 2:32am
Quoting Kovalenko
Yeah I use not only short period, you know - it depends on TF. I try to deep in your method....I love new method but we know that it's impossible to know everything in trading ...anyway - thanks mate.
Many of the whales live on the 4h charts and above. Learn to see what they see, and your trades on the lower level will be 1. More Precise, and 2. in direction of main trend
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #718
  • Edited 3:48am Dec 20, 2015 2:40am | Edited 3:48am
Completely agree with you.. I prefer to combine with d/h1....but using key swings (simply following the market) - you follow for whales....I think trend lines and channels - may confuse us in reversal trend....although I don't prefer the word -trend- for analysts this...I love follow the market simply..maybe we see the market - equally, only use different words
Example - your last chart, breaking channel - Mate, what does it mean - reversal/correction ...? And then we see new low. What do channels show us, mate?
My chart - breaking trend line....but we know where to wait for price and what to do there...how trend line may help us? ...i try to learn your method in details ...if i have questions i will tell you , mate.
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beauty is in simplicity
  • #719
  • Dec 20, 2015 4:03am Dec 20, 2015 4:03am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting eaglestar
New Training Video showing the NZDUSD pair on a pitchfork. Please let me know your thoughts. https://youtu.be/J-b9lwzZN6U

good training video , thanks
from level to level - you need mental strength to reach the summit
  • #720
  • Dec 20, 2015 5:11am Dec 20, 2015 5:11am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting eaglestar
New Training Video showing the NZDUSD pair on a pitchfork. Please let me know your thoughts. https://youtu.be/J-b9lwzZN6U
FORK drawing after video , underline my view/decision

EURUSD H1


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from level to level - you need mental strength to reach the summit
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