Search results

Yep, price is always king. I use the MA as it gives me a geographical reference point. I could certainly trade without it but it's like a favorite pillow :D

! minute chart is a tough way to go but price action is similar for any market. If I were yet to be profitable , I'd move the time frame out further, it will add some stability and be less stressful.

Ironchef, The following is a 5 minute ES chart. It formed a bear flag off the open into the 20EMA. Note the slope and the clear down trend from yesterday. Sometimes a consolidation can be pretty like a standard 2-3 bar pull back and sometimes it isn't like this mornings expando but the concept...

No one knows the future. What we can know is what is more likely to happen given defined technical conditions, build a trade plan around a tested edge and have or develop the disciplines to adhere to the rules of the plan. As far as trends, they tend to continue further than the novice top and...

Anyone who can't recognize a trend on a 5 minute chart or any other time frame doesn't know what he is doing. Everyone starts in the dark, some emerge and some don't.

The long tails show that the other side won the bar but they are often traps....need impulse follow through and even then can simply form a consolidation flag for resumption. Of course there is no technical structure to show experience or the instincts derived from experience. And that is a...

The tails can describe the battle but the close declares the winner of the bar. Doji?, ordinarily a consolidation although noobs (and chronic dumb money) tend to view them as reversals.

Agree with schizo, both have the same information but candles make the info clearer on the run (at least for me). When I scalped I used bars as the HLOC were not as important to the strategy.

I was stationed out of the 108 St. Shack

:D

Yep momentum is momentum whether it's price or a boulder rolling down a hill.

Any number of things can act as S/R, channel lines, Prior day HLC, current day open, prior swing lows and highs, supply zones, measured moves, fib extensions etc etc. Which and/or which combinations used need to come from the effort of understanding price behavior and testing your ideas based on...

Based on fairly basic but important to recognize price action structure. Impulse origins, swing points, measured moves off said structure etc.

Always a good idea to pay attention to smart people and Tom DeMark is smart and has done the work.

:rolleyes::D

For most, the best way to deal with a flat trading range is to sit on your hands until price trends. There are methods for skilled and highly disciplined scalpers such as selling bull closes and buying bear closes but again, for most stay out.

Huberman is on the cutting edge of brain function research....good stuff, can highly recommend paying attention to him.

This place lol