Down total EJ
The ema 89 is importand to me, sign momentun strong bia.
Regards
Royal
"Sharing is Caring"
- #81,942
- Jan 5, 2016 5:37am Jan 5, 2016 5:37am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
- #81,943
- Jan 5, 2016 5:40am Jan 5, 2016 5:40am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
{quote} Hello Down total EJ The ema 89 is importand to me, sign momentun strong bia. Regards Royal
{quote} In my opinion,. and in my experience, more books and articles and courses on technical indicators is NOT the road to success in trading. You need to leanr basic price action concepts. Read Edwards and Magee (find the fourth edition). Rdead the technical analysis chapters in Victor Sperandeo's first two books, read Al Brooks "Reading Price Charts Bar by Bar" (this is a difficult, poorly written book but it has some excellent price action concepts that can accelerate your understanding). Read Bob Volmaan's books: I prefer his book on the five...
By the way, what do you mean by basic price action concepts? In Pring's course, there are a lot of coverage on the basics of technical analysis (s/r, waves etc), classic chart patterns, the reading of volume, one- and two-bar price patterns and introduction to basic momentum indicators. Does it not cover some of the basic price action concepts? I feel that it can be used as an introductory course hehehe.
- #81,945
- Jan 7, 2016 7:12am Jan 7, 2016 7:12am
- Joined Feb 2009 | Status: Trading in the Zone | 1,766 Posts
{quote} Thanks Ddaytrader
- #81,949
- Jan 10, 2016 8:42pm Jan 10, 2016 8:42pm
Hello all,
I am not normally very active in Forums but I do like this thread and the Sonic R Concept - I notice it has gone a little quiet of late and would like to put up some of my charts if ok.
Bit about myself,
I only trade the Cable & Fiber so this is probably all I will post - Unless something else catches my eye. I mainly wait for London Open to catch the High or Low of the Day, and sometimes look to trade the New York open also preferably for a continuation of direction of the trend that was set at the London Open, also I do look after London Close for a retracement back into the range.
Regarding My chart here, is the Cable I had the 1.4560 Level as resistance and was looking to trade off that London Open Monday Morning, but it was hit very early which raises my suspicions as to weather the level is still strong, at present for me to take a long I would want price to push hard through this level and pull back for a Sonic Long.
On the short side a significant push through the low with a retracement back to the low at a later time for a Sonic short.
One thing to consider Cable has put in 8 days of loses so could be in for a retracement to the long side...
I am not normally very active in Forums but I do like this thread and the Sonic R Concept - I notice it has gone a little quiet of late and would like to put up some of my charts if ok.
Bit about myself,
I only trade the Cable & Fiber so this is probably all I will post - Unless something else catches my eye. I mainly wait for London Open to catch the High or Low of the Day, and sometimes look to trade the New York open also preferably for a continuation of direction of the trend that was set at the London Open, also I do look after London Close for a retracement back into the range.
Regarding My chart here, is the Cable I had the 1.4560 Level as resistance and was looking to trade off that London Open Monday Morning, but it was hit very early which raises my suspicions as to weather the level is still strong, at present for me to take a long I would want price to push hard through this level and pull back for a Sonic Long.
On the short side a significant push through the low with a retracement back to the low at a later time for a Sonic short.
One thing to consider Cable has put in 8 days of loses so could be in for a retracement to the long side...
- #81,953
- Jan 29, 2016 3:27am Jan 29, 2016 3:27am
EJ went to the area of accumulation of shorts. You can short here directly but I personally won't make it because I don't want to break my rules not to trade on friday.
Trade What You See NOT What You Expect
