A simple price action approach

Quote from brisvegas:

No time to get to involved in this but your problems may lay in how you produce the channels , once they are obvious they start to lose value , there are methods to anticipate channels fairly accurately before they are visible to the masses , herein lies the key for me . its a litle bit discretionary but using swing high/lows and repetetive rates of regression with a bit of range know how you can do things that will trully amaze you , look at some market geometry stuff based around price structure
patterns repeat , ranges repeat , its all in the eye ...............


you only need 3 points of reference to start a channel
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Some get it, some don't. Some think simplicity means obvious and some think it means easy to Master: there's the rub.

Good observations here and these ideas are pointed out several times in the thread.
 
Quote from Xspurt:

Some get it, some don't. Some think simplicity means obvious and some think it means easy to Master: there's the rub.

Good observations here and these ideas are pointed out several times in the thread.
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Nodoji posted some charts and set ups with very good explanations on charts .My compliments to Nodoji for some gems.

The rest of the stuff was usual t/a with trendlines , channels and patterns .
 
Quote from oilfxpro:

Nodoji posted some charts and set ups with very good explanations on charts .My compliments to Nodoji for some gems.

The rest of the stuff was usual t/a with trendlines , channels and patterns .
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Thanks for your kind words, OFX. I definitely posted my deepest trading "secrets" on this thread, fully illustrated :D

The usual t/a with trend lines, channels, etc. is the basis of this thread, hence "A simple price action approach".

Surely you know after studying Brooks, I couldn't just keep it totally simple, though :p :p
 
Quote from NoDoji:

Thanks for your kind words, OFX. I definitely posted my deepest trading "secrets" on this thread, fully illustrated :D

The usual t/a with trend lines, channels, etc. is the basis of this thread, hence "A simple price action approach".

Surely you know after studying Brooks, I couldn't just keep it totally simple, though :p :p
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It would be nice to have a separate thread mainly with pictures and explanations on charts.A picture is worth a thousand words .

Thread would be about high probability candlestick price action set ups with trend trend trading.
 
Quote from NoDoji:

Here is a price action trade I took late today in CL (oil futures). There was a wide symmetrical triangle formation on the 5-min chart (my intraday trading time frame). I wanted to be positioned in advance of the breakout, noticed a signal that the breakout was likely pending (failure to test the upper trend line of the triangle), but just in case there was still a secondary push to test the upper TL, I did not short the initial 5-min bar break for a test of the lower TL; instead I watched the 1-min chart for a "confirmed" pre-breakout entry. The 1-min 20-period EMA is a mobile S/R level that often signals early entries in a pivot zone.

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I read this very closely, and seriously cannot make sense of it. Perhaps subsequent posts by this author, or others, will help me understand it better. Here's what I did understand: The price on the 5 minute chart failed to reach the upper TL so this was a signal that most likely the pattern was going to break to the downside soon. But I did not understand what he was saying about the 1 minute chart and confirmation.
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