A simple price action approach

It would be nice guys if we had more unbiased and more up to date examples - like today's S&P 500.

I for one was struggling to make a profit yesterday. Marking on trendlines after the event is obviously much easier than during.
 

Attachments

The above 2 charts are for the 3 minute tf

This one is again for the present but on the 10 minute TF

Am I still going in the right direction ?
 

Attachments

Bear with me folks for 1 last pic. It is the 30 minute TF plus trendlines. Captured 1 minute ago.

What are the probabilities do you think of it going lower ????

My estimate is 75%
 

Attachments

Another hour later and ............

have a look

The point I am trying to make is one probably needs something more than trendlines ?

Don't be shy - your constructive comments are welcome
 

Attachments

Quote from Humpy:

It would be nice guys if we had more unbiased and more up to date examples - like today's S&P 500.

I for one was struggling to make a profit yesterday. Marking on trendlines after the event is obviously much easier than during.
More...

ditto, my trading friend.

it would be absolutely perfect, if everyone who posts charts, trendlines or others;

is encouraged to use current, today or yesterday chart... to illustrate whatever a post wishes to convey ideas, super technique, trading shortcut or profitable setup, to mention a few.... with the exception of showing historical whatever.

otherwise, what we are doing here is very much like some fees paid trading rooms, where signal callers would just claim after the fact.... breakeven +1, or t1 (first target), t2 (target 2) and t3 (target 3)....

without first having posted the entry price, whether it was market order, buy stop, sell stop or other more exotic way to trade and to lure more subscribers or to entice more followers....

i am really sorry if i happen to step on someone toe or infringing on someone turf....

perhaps someone super intelligent could help me to understand the following example inscribed in the two pix.

my humble question is:

looking at the first pix as reference, the signal caller stated at 14:06 that he was holding his position on tf....

at 14:43 the same signal caller posted that he was closing his position with 26 tics profit.... this happened yesterday....

i could not figure out how did the caller claim profitability with 26 tics....?

perhaps, some of my fellow super slick traders looking at yesterday tf chart between 14:00 or so and 14;43.... could help to explain.... just how realistic was it to have claimed 26 tics profit during that time line?

thx everyone. wishing everyone another profitable trading day. cheers.

sorry, i tried hard to attach a pix of tf, but was not successful, sorry.
 
Quote from nakachalet:

ditto, my trading friend.

it would be absolutely perfect, if everyone who posts charts, trendlines or others;

is encouraged to use current, today or yesterday chart... to illustrate whatever a post wishes to convey ideas, super technique, trading shortcut or profitable setup, to mention a few.... with the exception of showing historical whatever.

otherwise, what we are doing here is very much like some fees paid trading rooms, where signal callers would just claim after the fact.... breakeven +1, or t1 (first target), t2 (target 2) and t3 (target 3)....

without first having posted the entry price, whether it was market order, buy stop, sell stop or other more exotic way to trade and to lure more subscribers or to entice more followers....

i am really sorry if i happen to step on someone toe or infringing on someone turf....

perhaps someone super intelligent could help me to understand the following example inscribed in the two pix.

my humble question is:

looking at the first pix as reference, the signal caller stated at 14:06 that he was holding his position on tf....

at 14:43 the same signal caller posted that he was closing his position with 26 tics profit.... this happened yesterday....

i could not figure out how did the caller claim profitability with 26 tics....?

perhaps, some of my fellow super slick traders looking at yesterday tf chart between 14:00 or so and 14;43.... could help to explain.... just how realistic was it to have claimed 26 tics profit during that time line?

thx everyone. wishing everyone another profitable trading day. cheers.
More...

tried to download your attachment but I get an error message ?

anyway nice to know I am not just talking to meself.
 
Quote from nakachalet:

sorry, humpy....

here is the referenced pix. thx for being patient with me.
More...

One pic comes up ( right hand side only )

so hard to say
 
You must log in or register to reply here.
Back
Top