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This is the best advice you will recieve on this thread. I would take the advice of William J. Oneill as the basis for my trading. This would give me a quality stock universe. From there, start on the weekly charts looking for stocks that are extrememly strong. Then trade off of the...

its up now.

Not a happy trader here either. Yesterday and today are my first time experienceing these kind of problems. Just glad i was on the right side of the market this morning. If they dont accomodate me with some type of refund on commissions or something, I will go to another broker. Plenty of them...

I just had a few questions: When we approach the left side of a channel I would think that the spike in volume(above 6k on 1 minute) would come "before" a 2 pair reversal instead of after. My thinking is the smart money is exiting/reversing on the volume spike and the confirmation of the...

Somehow Jacks stuff is riddled in the way he writes. The gold is their, it is just how to understand it. At end of trends the smart money takes out their money at the most advantageous times. This would occur at the end of a trend. Lots of times the ends of trends are on volume spikes(smart...

I was wondering if anyone has done any research on Pace of a trend verses the duration it lasts. Pace meaning the angle of the trend. I think I am mistaken that the slower the Pace(less angles/money velocity), the shorter the duration of the overall trend. It might even be the opposite. If the...

Here is the current IT. This IT has been about 8 days long. I anticipate a BO up and a start of a new IT long that coincides with a Failure to traverse the LT short channel.

I appreciate all the help. I did some more studying and think that the problem was determining a reversal from continuation of a slower angled trend channel from a steeper one. Since I am not sure which one will prevail, I will sideline until the market shows me. If it shows me a slower...

I could not have said it better. Seems right on the mark from the charts I have. It would be nice to get some great volatility if we get a full traverse on the LT channel over a failure to traverse the first pt 3.

Thanks for the search. Lots of good stuff on pullbacks vs reversals. I have thought about adding volume combination in addendum to the 3 bar combination. This might be making things a little too complicated. I am also looking into possibly trading the Forex as it seems to have much more...

Thanks for the reply. I think what I may need now is what you explain as C). Lots of alternatives, just need too focus and figure out which one will work best for me.

Here is another realtime example that ended up resuming into the prior 15 minute trend. I ended up getting relong on the break of the high of the day. Using this as an example. I reversed my long and sidelined as bar2 did not close lower than bar 1. I was debating on getting long at the low...

Could you direct me to where I could conduct some tests as you did? Thanks.

I really appreciate all the ideas and replies. Lots of good information here. I will have to sit down and really study. Thanks again.

Here is another chart where in the red circle I didnt get bar 2 closing above bar 1 so it was a sidleine and the trend resumed down. The green circle shows a successful one that I took where we did get bar2 closing above bar 1 and confirming the reversal.

Thanks for all the replies. You are absolutely right that I should post some charts. In the attached chart, i reversed and sidelined at the red circle after bar 2 did not close above bar 1. Bar 1 was the first bar to close above the previous 5 min bar. This is a perfect example of missing...

Going through it now. Thanks for the Link.

Im sorry if it sounds so confusing. I look for initial momentum and then enter on the pullback. The pullback then creates a pt 3 and i look for continuation of the trend. What happens is if get a reversal signal before the price reaches the other side of the trend channel line. Its at this point...

I currently trade the ES mini and have a problem i am trying to solve that seems easy but is killing my PnL. I would like to hear other peoples opinions on the way I trade or ANYTHING else as I may be going about trading wrong(back to the drawing board)=( I am a trend trader. Essentially i...

Now that we have nice wide IT channel(20+), we should get some nice traverses within it. Only thing left to do is take those rocket entries and ride the trend. I might not reply to this thread much more as the objective of the thread has been accomplished. If you would like to join our...