Recent content by Chris_Anonymous

It seems to me that the next step is to find a pattern of HHs and HLs or LLs and LHs and then writing up some rules around that. If you have 6 different market events (HH, HL, LL, LH, DB, DT), then figure out what combination of those events more often than not leads to a significant price move...

took a break from learning due to school, but I'm still very interested in trading. Live in downtown Philly.

From another message board forum:

I'm wrapping it up earlier than usual because I've got places to be. Today was an off day for me. Not sure what was going on but I wasn't completely focused and fear was creeping up as well. I only attempted 2 trades, both of which weren't successful. Neither trade was within my...

SeriousTrade, I was right where you're at like less than 2 months ago. As they say, everything works until it doesn't. So what I've found is, having a fair knowledge of price action, I had to create a simple strategy that worked (until it didn't). That's where I'm at now. Entry...

Today was progress, as I hope everyday is. Just like yesterday, I only had three trade attempts, of which one was successful. The first was a decent long setup out of a trading range but the setup failed and I exited at break-even + 1. I then tried a second attempt at a long trade...

Only took 3 trades today. I think my daily number of trades has gone way down since I've started adhering to a solid set of rules. My first trade was improper. I entered because the setup looked close enough, but was not complete. By the time I entered the trade, the most recent 5-minute...

Time to update: I now have a solid framework which provides a consistent context to the market. I'm still Sim-Trading NQ, and I'm now incorporating multiple charts. I use the 5-minute chart for setups, and I enter on the 1-minute chart for tighter entries. I've attached an image...

Redneck, I've been re-reading this: Here's the latest progress: I've been drawing channels throughout the day, but it seems there are times when I have, for example, a down channel still holding, but then a HL appears so I draw an up channel and it seems as if price could go either way...

Took 2 setups. Again, they're only using channels. The first was stopped out, as price was in a downtrend. I drew a channel up, but it turned out to be a simple pull-back instead of a reversal. The second trade was a winner. I tried to let the trade ride. Price obeyed the channel and...

Another opportunity. I missed it because I drew the channel right after it happened and didn't want to chase price. Again, price flew away and had I caught the setup, if I had held on I could have netted around 10 points.

RN, Beginning to have ideas about setups based on what I've learned thus far. The main setup I've tested uses channels. Back-testing shows positive results. According to the setup, a golden opportunity arrived this morning just a minute ago. Attached chart shows what I mean.

RN, Seems as if there are two low-risk possibilities. The first is a short after the first large red down bar, when price moves back up to the top two horizontal lines but cannot close beyond. The second would be a long right after the first, when price can't close beyond the bottom...

And today's chart. RN, Today has been interesting because I was not able to draw channels too well until about 10:15 EST or so. I relied on horizontal lines to provide context, but I had trouble with channels. Is this what you would have done, or was I not seeing the chart in the best...

Here is yesterday's chart.