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ok good. The warnings are for all who attempt the tactics.

You might consider practicing this on a sim. When price is in a range 70% (some might even say 80% of any attempt by the bulls to break out of the top of the range fails. The bears push it back into the range and/or move it towards middle and lower part of the range. 70% to 80% of attempts by...

I not sure about your entry on this one. Why did you enter short in the middle of a range? I trade this sort of PA differently. How do you think I would have traded this?

Actually it is the economists who are economic illiteracy. Lol

Whatever...just make sure it doesn’t talk or mark up charts for newbies..:)

Anyone can see china gonna get the whiplash and has to most to lose. USA will win this. Mr T is da man. Making America Great Again.

They wont buy the dip as they probably think it is a bear market

As far as staying with the ride down when you got a tight STEEP channel down like that just assume it will have tiny pb’s and stay with it or even add more on pb’s. On a higher TF chart that baby is consecutive big bear bars, BO south with consecutive gaps between low of a bar and the low and...

Often I will start at 1 contract in the emini Es, NQ, and YM and depending how how PA unfolds I will add maybe up to 10 and occasionally more. If the context is right I like adding to a loser and averaging down. However the context has to be right to do that. Rarely will I add to a winning...

Second trade based on subsequent PA after your first successful trade.

Good deal. Good play. With that big bar BO you entered on you would expect better follow through to reach your profit target (dark blue). When that big bar was followed by 2 small bull bars then a bear bar you know things are in a PB that would most likely morph into a sideways move at the...

Decided to try the new micro ES out to this scalper Monday and just see if it is conducive to scalping or not worth the time since each tick is only $1.25. Means I have to make 2 ticks you might say to just barely BE after comm. I traded in the little range that formed not too long after the...

Could you be making a reference to my beautiful charts? ROFL

While every PB is a sort of trend reversal you have minor and major reversals. Pb’s are minor reversals but they can be deep but minor in the sense of the overall context. In addition, the previous context (before the pb) renders info useful for determining the probabilities of the pb being a...

A third scenario is BO from a range or sideways action that is one bull bar after the other in sequence. Very bullish. Just buy. Chances are high that after any pb there will second leg at least that will probably render a measured move. Here is the same chart illustrating this. In this chart...

Here is an old chart I dug up illustrating my post #43 above. It didn’t have the gap between the close of the signal bar and the high of the previous that I talked about in post #43 but it did have a gap between the low of the PB and the BO point (blue) which is even better as it was a fairly...

Another long entry senario: price breaks out above the range has pb back into the upper 1/4 of the RANGE followed by 2 or more bull bars in sequence with gaps (high above previous bars high or prev close) that BO above the range a second time. I would look to go long on next bar that breaks the...

Much depends on how many bars are in the range and the context PRIOR to the range. But in general...I would be looking for the BO above the range to be successful (since 80% of BO’s fail)...so to put the odds in my favor that the BO will be successful I want to see a pb after the BO that stays...

Just wondering. Seems like since around time hershey died dbphoenix quit posting. And both were in AZ

Are dbphoenix and hershey one and the same?