Search results

Entries, Exists and consistency #2 The idea of having a price based approach is not to maximize profits but to minimize risk and reduce the probabilities of bad trades. Therefore not only price analysis has to be consistent with these goals (in fact by default it is) but also entries and...

Maninjapan, Excellent and very nice chart!!! And also is a great tip for small traders starting with price analysis: USE slower chart first and in calm waters, not only they are clearer but they develop discipline and patience. Your chart is a textbook example of consistent price analysis...

billdobson1972, timokrates, You’re welcome Entries, Exists and consistency There is a strong interrelation between entries, exits and consistency and once again the order of analysis will be decisive for a good or bad trade. If you are not consistent with price analysis, you can have...

Don’t confuse timing with price analysis. We traders tend to focus more in the “technicalities” of trading more than the only important thing: PRICE. TheRumpledOne (btw, thanks 4 posting) has a good point behind his charts: Develop your own strategy to pull the trigger, if you are...

Amitman, You’re welcome … Now i'm trying to apply this method to stocks (Espcially AMZN) using a 240 WMA and pivot points for the macro dircation and a 6 WMA for the micro direction (waves) i apply this on a 150 Tick charts. A few qustions though. First, do you find it better to use...

Yt, What tick chart frame do you recommend using for the british pound? I am currently using the 17 and 34 to scalp the pound for a quick 6-10 ticks. Is this too big or too small for my trading stratagy? I was wondering if you find a different tick setting produces more waves and the same or...

scJohn, I do not have a clear understanding of where you place your initial stop. For instance, The Macro Direction is up - price above the 240 WMA. The Wave Direction is up with higher highs and lower lows. The slope of the 6 WMA turns positive/green. Where is the initial stop placed...

Quote from ProfitTakgFool: The futures market chops more than they trend. If you want to trade this market you have to be able to trade both conditions. Last week someone posted "it's impossible" to make money in a choppy market. Well.....no it's not. In fact, that's the best market to make...

StillStanding, Would anyone please explain this chart or point to which posts explain this for this newbie? Thanks See previous posts (page 2) In any case, a summary, 1. Macro Direction +/- 15:00: a. Price is above 240 WMA and its slope is green (+) = Longs b. Price is above...

Bingoking, You're welcome Beautiful setup and perfect textbook example of basic price analysis!!! Today ES after 16:00 news jjrvat

The second thing I have noticed is that if the slope of the 240wma is quite steep(same as the spine), then the price might pierce the spine, but only by 1-2 pips, and then continues in the spine direction. Would you suggest that this too is a good entry point? Or is it best to trade breaks of...

I have had your 240wma, and the rainbow flame set up on a seperate chart to my rainbow charts. There are several patterns I have noticed over the last week that seem to keep happening. (kermut) Remember that the 240 WMA is just a visual aid and it doesn’t override basic analysis. The only...

I find that so many approaches to forex or other markets for that matter work in times when the market is moving, but cease to work if the market starts to consolidate--could you offer any advice as to how to determine if a market is moving in/out of consolidation? (pkchilly) I will go a...

Alex, Maybe I made a wrong generalization on forex trading but my critique aimed to small retail forex brokers. The problem with forex for a small trader is not its trading instruments but how "prostitute" this non regulated market is (brokers,slipagge, data manipulation, overleverage, etc...

is it possible to this part-time using this methodology/method/scalping? (Hanz) When scalping, the only differences between a daily chart and 1 tick chart are the height and the frequency of each wave (potential trades). In a daily chart (see Reply #4 daily Eur/USD Forex) you may only have 4...

Can you tell us if you trade the news? In case you trade the news, have you made a list of the tradeable news reports? Trade the news? What is trade the news? …You are going further back to the basics. From a strictly academic point of view I would recommend you to read some...

Momentum II In my opinion, the importance of MOMENTUM (not its concept!!!) varies according what kind of trade you are looking for. For example, if I am scalping the importance of a momentum play is because I “know” that I will have more probabilities to “steal” my 3 or 6 pips in that...

prince-in-jail, I am not sure which one are u referring: 1. The charts with trade explanations are with a 6 WMA 2. The 1st chart in the last post is the rainbow 10 to 240 WMA (Every 10) 3. If you want to see smooth waves but not necessarily tradable you can plot a LSMA or Hulls MA. 4...

When you have a high probability trade it doesn’t matter what u are using for pulling the trigger. I can post at least 101 different ways (in the charts below: classical rainbow, Stochastic crossover, MA crossover, CCI crossing and MACD crosses) in which indicators or any other method would...

"Execute the basics; master the basics,...When you master and execute the basics, the rest comes naturally” The last two factors in the analysis are use just to improve the quality of a set of scalps. 1. Momentum. There are many momentum plays, however one that is simple, efficient and...