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Chilly, I agree with you absolutely. I believe I'm on a comparable level like you in regards to trading experience. I had two weeks off from my daily job and 'invested' them into simply learning price action - and I got the feeling that I made an important step. When I exit a (sim)...

I agree with you that you always have to adapt your perspective to market action. In terms of higher timeframe charts I'm not sure (never traded a higher TF than 1H) if they are really more predictable. Your take more risk and you give the trade more wiggle room. I have to say that I...

Congrats! You are a bit ahead of me...

For me at the moment it's mostly about to find the right perspective to watch the waves. The chart below is a comparison of the 2 Range against the 16 Tick chart. Could be an improvement, but the complicated thing about all this - as far as I believe at the moment - is to define the right...

Thanks jjrvat, I agree with you that losing perspective and depending on the trigger could be a problem. Nevertheless at the moment I have to say that this is the setup I trade - even for the 6B. I would like to admit that price action is everything and the trigger is a minor helper to me...

Yes these are all longs, but the first for exmaple was not an entry according to my plan and so I killed it - as mentioned, I try to build up discipline... The last one is also a long, which would have been an additional winner, but I exited this one before, because there was no real action...

Hi jjrvat, I would like to post this screenshot with 3 scalps auf US news today. I adjusted the target according to my analysis of price action, so I had two 5 point wins and one 3 point win. I have to say that I like to have just a MA as a trigger. For me it's also a tool that keeps me...

Good point. As I have not really made the step into professional trading, things like checking the possible advantages of scaling in and adding to winning positions are on my list. At the moment I'm mostly trying to analyze price action correctly.

Hi All, following this amazing thread for quite a while I would like to post my experiences based on what I destilled out of the wisdom and knowledge jjrvat presented. On the pic there are 2 sim trades from the european morning I made on the EuroStoxx - which is a great contract to trade I...

I would like to start a little discussion on exit strategies. So far I see three: The scalper exit, which for me means to exit the whole position at a certain amount of ticks (profit). The discretional scale-out, which means to close parts of the position according to price analysis...

Thanks for clarification.

Do you talk about general support and resistance lines in this case? In regards to price action are there areas with special characteristics that you what for reversals (with or against the trend), like maybe earlier congestion areas or breakout points?

Great jjrvat, I'm looking forward to your next posts. Thanks!

Hi jjrvat, just found the ET thread and would like to say thanks again and ask the same question again. Do you think that time & sales could be helpful to spot momentum - or even the change of direction? Or is this in regards to very fast tick charts not necessary or even disturbing in...

Forum is up again, link should work now...

Thanks for everything you tought here. Just fantastic how you did it - and you are still doing. You opened my eyes. The rest is on me now. All the best for the upcoming cycles...

Sorry, they are doing a maintanance. Something for the new year...

In terms of microscalping I found this thread. Maybe this is interesting for someone. http://www.traderslaboratory.com/forums/f34/s-and-r-scalps-2990.html Basically the method of this thread is about support becoming resistance and vice versa - something Anek has mentioned several times.

Piscuy could you explain this again. If for example the high of the third bar of the 123 reversal has been taken out, you have your entry signal, but you wait a few seconds for the price to come back to get a better fill? Another question I have in regards to the observation of momentum...

Piscuy thanks a lot for this great price action setup. Just for clarification, if there is an uptrend you place a limit order above the box? I don't expect that you use a straddle order on both sides of the box, right? Do you place the order wenn both sides were hit twice? Thanks...