Recent content by TXGrillGuy

JW, I do apologize for just now seeing your question to me. Okay, here's a link to the info I posted regarding pullbacks: http://elitetrader.com/vb/showthread.php?s=&postid=2040958#post2040958 Take a look at the chart I've attached. To keep things fluid for this thread, I used 10000V for...

I wish I could provide you some assistance with that, TraderTX. I've never used CQG. Take care, Tex

I agree guys, things are somewhat quiet here as of late. Here's my contribution to the thread (chart attached). I sometimes cringe when I hear the word "prediction" tossed around loosely however, there's absolutely nothing wrong with measuring out potential price moves to either the upside or...

Epetrov is right, find out what's taking place within your lower chart interval first. This will help to "unmurky" the waters a bit, so to speak. If you're a Candlestick chartist, one rule of thumb that I use is to wait for pullbacks of the bullish/bearish engulfing candle patterns. If price...

I Agree. Take care, Tex

Good to see you back, Mccullek. Regards, Tex

MDL, Here's a quick summarization of what Arnie was describing: Widening/Capitulation/Congestion = Market Contraction Market contraction is the name coined for rangebound price action conditions. Attempts of price movement outside of this area of congestion is rejected; thus the trade...

Nice work Amit. As they say, "Resistance is Resistance". :) Regards, Tex

Fantastic trading, TraderTX! Bear in mind that the pullback/retracement level tends to provide some insight as to the health of the trend. 38% - Yeah Baby! (Momentum) 50% - Yes! (Strong, solid PA) >50% - Hmmm, better watch this closely. You might take some heat. BreakEven + x is the way...

No problem Jack. Take care, Tex

Hi Mccullek, Measured Moves play a big role in my trading. I have to first acknowledge my trade mentor, Jim Harrison, for his role in deprogramming me and then retraining me on how to trade to continue trading another day. Okay, much of what I learned was old school stuff such as this...

Thanks for chiming in Amit! :D Jack, here's Amit's posting from Susana's journal: http://elitetrader.com/vb/showthread.php?s=&postid=2027974#post2027974 Okay, here's my best explanation of the 3's in a downtrend (get ready to be confused; okay j/k): For instance when a top can not be...

Okay, a picture is worth a thousand words. Revised chart attached. Tex

Thanks Mccullek. The difference in my trading now versus long before is that I understand where price is in respect to current swing (S/R and retracement/extension levels) and I pull the trigger in the direction of the greater trend. There are 2 types of Risk:Reward that I pay attention: - # of...

Gotcha TraderTX! Good weekend to you. Regards, Tex