Actually, I'm just jealous of your cool handle!:p
Maybe I should change my handle to "Hammer", or "bullish engulfment", or "double top". Yeah,,,, "Double TOP" that's cool!
Just thought I would share with you my charts for Dec. 2. I had the privilege of trading over Skype with Frank. I'm trying to share with him the use of my "zones". These zones help me trade extremes while reading price action.
I try to only take a couple trades a day. I still new to CL...
sounds like you have been having as much fun as I have. First day trading with NT. It threw me off a little. Missed a big double bottom trade that I should have seen!
Can't wait to talk to you on skype
Here's my charts today. It was a choppy market for me. However I find it kinda funny that I have 5 trades on both, and the win/losses happened in the exact same way. It wasn't intentional and didn't realize it until I made the charts pretty for posting.
Emini
5 trades:
6 pts per...
Yes, you are correct about the zones, The zones do change from resistance to support or I blow them out if price tells me to. Simple price action and bar reading is so important; zones or no zones. Personally, I don't know if I'm ready to trade CL specifically without my zones. It moves...
After seeing your post. I went over and drew my supply/demand zones. I believe that you are not looking at the BIG picture. Price always retraces to where it has been. Basically what I look for is bouncing price out of the (green/demand zones) to the red zones. And vise versa for a short...
Reading it is important! Complete retracements are for sure (just a matter of time)! And price always goes where price has been before.
Once you are able to pick out zones; things seemed to drop into place (for me). However I still use BBands set at 20,2. and a MA at 20. It's just a...
How does this sound for a rule? Assuming that we are price action traders;
"If a trade is a counter trend trade for the day moving stop to +1 entry price or BE is a good idea. Otherwise, don't move your stop until you are locking in substantial profits?"
I like this idea because I...
You should hang in there! As you said looking back is always 20/20. I would learn as much as you can about price action and supply/demand zones. I'm starting right there with you too. However, since I've been studying this price action thing. I have seen small losses, small gains, and HUGE...
NinjaTrader 7 can do this. However, you need to have a broker that will work with ninjaTrader to make it work for intraday data. Otherwise the Free stuff only does daily data. Personally, I use infinity AT.
Hi Frank
I've been watching some of your trading experience through this forum. A few weeks ago I went to a "power class" from a company. I didn't end up paying for their 17k class but I did go home and research their methods. It's almost exactly like what I have seen Nodoji post. Pure...