Search results

Shaken out on the first attempt, but the second attempt made up for it and then some. How did you do?

I completely agree! I think this area of support is a bit vague (for me), between 65's and 63.50's, but it's there on the 4H, and I'm with you. Sorry to hear the longs didn't work out. The only long I considered was at 7:10 when the double bottom had formed and we had a micro resistance turn...

Chart included...

Tlow, I find the macro trend important if only in the sense that it gives me a good idea of where to look for my smaller time frame setups. Today is a great example. When we started trading below 1174's this morning, I sold into every micro support that flipped into resistance until...

Tlow, I only use the TICK, and I have occasionally looked at cumulative delta. I actually find that delta can be useful, but I usually don't pull it up because TOS doesn't have it and I don't like the clutter of having multiple platforms open (Ninjatrader). Now that you have turned the...

Another cool thing that I noticed by looking at your charts Tlow is that by watching how many ticks are created per 15 minute time frame, you can get a pretty terrific idea of where the high volume price points are and whether the high volume is coming in on moves up or moves down. I had long...

Tlow, It's always best to stay out when you aren't sure of things. Here are some charts to chew on, let me know if they help. Daily: 4 Hour: 512 Tick:

Yes! I do this as well. I take a quick peek at the 4 hour chart in the morning to get my bearings of the overall trend. Also, when I find that I am searching for entries, I actually get up from the computer and look at the 512 tick chart from about 8 feet away. It totally helps me regain my...

How long have you been trading?

Tlow, Except for the management on the last trade, you made some good calls today! It's a bit weird looking at your chart as I buy the pullbacks and not the breakouts, but overall it looks like things were a bit more in control until the end. It shows good discipline that you waited for the...

Ha ha, that's worth a quote!

You know what, I never really thought about this, but you have the dusty gears in the back of my head creaking now. What instrument would you recommend for the beginner who just wants to trade with the trend, support resistance breakouts, maybe with a little volume tossed in there for flavor...

Sounds good.... For what it's worth , this was how I saw the morning.

My stop is always -6 ticks, and I try to keep my target no closer than +12. My stats have shown that a) yes, these types of trades either work right away or they don't, and b) average profit for these entries is at least 12 ticks. The more testing you do and as you define what your exact setup...

Tlow, From the time dashes on the chart you posted, I would be long at 12:15. Based on my rules, my stop goes to b/e after +6 ticks, so it would have been a break even trade minus commissions. Now I'm definitely not saying that I wouldn't have taken this trade, but I would be curious to...

Tlow, The chart seems more ripe for a long, BUT the entry is already gone. 92's or 91.75's would have been the ideal spot for an entry IMO. You will notice on the small timeframe that 92's tried to bounce as support and failed, then tried to hold as resistance, and then failed, and then...

Tlow, I'm in agreement with NoD that there doesn't seem to be a high probability long in the first example. 1081's was a failed support that has yet to be tested as resistance, so even if you buy an R to S here, 81's is so darn close that it may not be worth it. If price were to pull back and...

Tlow, There are a couple of things that led to a long at 49.50's. First things first, we have a clear resistance turned support at that level. Secondly, let's say that the hesitation at 51.25's was the beginning of a new downward leg. If that is the case, then the next area that we can...

Hey man, glad you are still rocking! I think you've already realized what was wrong with trade 1. You were a bit too late. I've attached a chart, to show you where I saw the entry for the same general area. One thing to comment on is can you see the "micro" supports turning into...

Yeah I can totally scale down, but now I'm locked out of my own post because I am too slow on the draw. If you want to have a mod delete that chart and then I will adjust the res on any other charts I throw up here. :p