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During the current volatile markets, we've observed a lot of wide-range bars. For example, in ES V-5000 (constant volume, 5000) chart, some bars can be more than 5 points. In some extreme situations, even 7~8 points observed. Can somebody explain more about the mechanics of these wide-range...

Arnie, Interesting chart. Actually I've also noticed the pattern. For me I have some difficulty to identify a good entry location. What's your entry method to trade this pattern? Thanks.

Spectre2007, very interesting summary. Would you please explain more about point 11)? I don't know what the dispersion waves mean here? Thanks. swing-scalper

womblevader, There are many ways to determine S/R. There are also many different level S/R at different time frame. Since I'm an intraday swing trader, I'm looking at S/R levels pertinent to intraday swing. These points are: Swing high/low, high/low of day, globex high/low, quarter line...

I will let the price action tells me whether I want to trade the first test. Using the example to short at resistance. 1) If the trend is down and the price action shows clearly weakness, I will prefer to short resistance at the first test since there is a high odd that there won't be no...

Scalping is a word used often but not well defined in trading (or at ET). It can mean micro-scalping (for ticks) or intraday swing trading (for points or handles). I'll be interested in the latter. I trade price action. But I do think indicators have some value if used correctly. That's a...

Which instrument is "easy" or "difficulty" really depends on the trading strategy. For a break trader, back and fill is a nightmare since his/her entry is usually not that good. For a turn trader, back and fill is not that bad. It gives you more trading opportunites. I used to trade ER2...

Eagle, You are right I'm better at trading fast and volatile markets. Part of my problem is I'm not patient enough when the market is slow and the volatility is low. I definitely need to improve my patience.

Sometimes you want to fade the gap. Sometimes you need to run with the gap. There is no general rule. You have to put this in the overall market context. If doing correctly, opening trade offers very good profit opportunities in a very short peroid of time. I guess the same principle to...

Actually, I'm not in all the above situations. I do best at the opening (before 10:00 am EST). Then come with morning. Afternoon is my weak part currently.

I've been intraday trading stock index future for 4 months on a full-time basis. I've noticed that my performance in the afternoon session is significantly worse than the morning session. I'm very curious to figure out what's behind this huge discrepancy. Is this due to myself or due to the...

Here is my 2 cents. I did read his book Mastering the Trade. Nothing impressed me. But one of his webinars did impress me. He talked about intraday trading YM in the webinar. A bunch of indicators, market internals...That's fine. There are millions of ways to trade the markets. Then I...

hwkaiser, Thanks again for your efforts for putting together the great documents. Excellent job!!!

Einstein, I have the same problem with you today, but on the long side. I've been working on to examine the problems. This is my preliminary conclusion: Trading horizontal breakout only when the momentum is strong. Trading breakout in choppy markets is a loser's game. You can see today...

I'm an intra-day index future scalper living in the west coast of US. I'm a little addicted to the markets and sometimes I want to do something after the US stock market closes. I'm thinking maybe I can transfer my scalping skills in index futures to FOREX markets. However, I'm new to FOREX and...

Suri, I begin to appreciate the power of pattern trading thanks to Anek's this very thread and your book. Your book, among the hundred trading books I have, is the only one permanently sitting on my trading desk. Great stuff. BTW, why don't you include Wolfe pattern in the book? It is also...

Silvermotion, As Mark said clearly, the study of WRB analysis can help us better understanding of price action. It's not only a filter. I agree with you that too much filters will result in fewer trades. There is a balance there. For me when I see a trade set-up of more confluence factors...

Mark, In the example I mentioned above, I'm using WRB as additional confirmation for trade entry. My basic trade-setup comes from pattern (and/or some other price action analysis). For high-probability trade set-up, you want to have more confluence factors. WRB is serving this purpose here...

Mark, I agree with what you said that WRB-only is useless. What I mean is to put WRB in the price action context and then using WRB as confirmation tools for the next possible price movement (for entry) or profit targets (for exit). For example, the market has moved up substantially and...

Why should I expect the volatility to be similar in the next bar if I see a bar of WRB? My current understanding of WRB bars is that a WRB bar at key price levels indicates the severe imbalance of supply/demand at that price level. With that said, the function of WRB bars is more or less like...