Search results

  1. H

    Learning to read Price Action with P&F Charting

    I have pivot points on my chart at all times. I consider them support and resistance. I do not use any other indicator on intraday trading. When I swing trade I add relative strength as my only indicator.
  2. H

    Learning to read Price Action with P&F Charting

    I am also going back to 3 box reversals. I've kept up both types of charts during this and there has yet to be a sync trade with my current YM 4 box reversal set-up, but there have been good ones on the 3 box.
  3. H

    Learning to read Price Action with P&F Charting

    It depends on the type of trade I am making. If it is a sync trade I am typically looking for a target on YM for 10-15 points or 1.5-3 points on ES. If it is a failed double top or bottom buy or sell I set my target for a minimum of 3 points and 30 points on YM. If we are close to a new...
  4. H

    Learning to read Price Action with P&F Charting

    Yes. It is taking a risk, but you are going with the trend. The thinking behind this is if there was going to be a reversal of trend that would have been the time for the opposing forces to do it. They failed. Trend should continue.
  5. H

    Don't Get Shaken Out - Short the Market!!

    When the bullishish percent index is rising while the index is falling you can be pretty darn sure we are going higher.
  6. H

    Learning to read Price Action with P&F Charting

    Ok, you guys need to know I cheat sometimes. Most of the time I won't, but I do this often and it has a decent track record. If you have a STRONG uptrend or downtrend and you get a failed double bottom sell signal(in an uptrend), or a failed double top buy signal(in a downtrend) I normally...
  7. H

    Tonights Mad Money, Jim Cramer "I have let down my viewers" - show getting cancelled!

    OK in the subject it says the show is getting cancelled. Where is a link to that? I see no indication that this is the case.
  8. H

    Turning $822 into $210432 by July 18, 2008

    There ya go, now you have the the admiration of someone who actually thinks your broker determines your trading success.
  9. H

    Learning to read Price Action with P&F Charting

    I'm not sure I understand what you are saying? I am using a 4 box reversal now both on ES and YM. Points per box is a different story.
  10. H

    Turning $822 into $210432 by July 18, 2008

    So basically you have done this in the past and see no reason why you can't do it in the future, yet you fully acknowledge when you did it in the past you still blew out your account. Doesn't that tell you anything? I'm not trying to rain on your parade. I actually want you to succeed...
  11. H

    Learning to read Price Action with P&F Charting

    Ok, I was just playing around and experimenting a little on this. I took a 200 day atr on YM and ES. If you use 3% of the range you get a pretty nice intraday chart. I tried this on stocks as well and it looks pretty good. Edit: so if you like to trade apple intraday, at least one of...
  12. H

    Learning to read Price Action with P&F Charting

    Just my opinion, but I think ATR WOULD be an excellent way to determine box size.
  13. H

    Turning $822 into $210432 by July 18, 2008

    I'm really not trying to be an asshole, but why do you set unachievable goals? Worse yet, why do you start a journal with an unachievable goal? I have never understood this. Goals should be "stretch performance" but achievable. You build and gain confidence with every accomplished goal...
  14. H

    Learning to read Price Action with P&F Charting

    I have no thoughts on range bars. I like the method I am trading, and there is no way I would ever consider changing methods unless I have a 7 or 8 month losing streak.
  15. H

    Learning to read Price Action with P&F Charting

    Well I am done for the day. We had two fake triangle breakouts that turned a very good day into an ok day. Then I had a great trade that turned it back into a good day, and my last trade of the day gave back some of my winnings. Still a decent day, but should have been better.
  16. H

    Learning to read Price Action with P&F Charting

    Nice triangle forming on YM right now.
  17. H

    Learning to read Price Action with P&F Charting

    Other contracts hit target at 30 points. Out of the trade.
  18. H

    Learning to read Price Action with P&F Charting

    Here we have another nice ym sync trade. I just got stopped out on partial.
  19. H

    Learning to read Price Action with P&F Charting

    Welcome aboard, and thank you. I'm just glad there are other people trading with it that can contribute to the thread.
  20. H

    Learning to read Price Action with P&F Charting

    So far it's been another good day. I am still trading ym today, but since research has shown that 4 reversal boxes give the more reliable setups I changed my settings on ym to a 2 x 4, 3 x 4, and a 4 x 4. We had a triangle break out on two charts just now which was a nice move that has not...
Back
Top