Buy on Breakout or Retrace ?

wartrace said:
If you are interested in learning a little bit about trading order flow Jigsaw trading has a free course. http://www.jigsawtrading.com/learn-to-trade/free-order-flow-analysis-lessons/

Sorry if my short answer didn't help you. Learn the shit. It's good shit. It will help you stay out of the shit. :finger:
More...

And this is the second thing they do, example above, when you confront them, they reply by trying to discredit you with assumptions. At least this guy posted some link, but the discredit by assumption attempt never fails.
 
FreakofNature said:
And this is the second thing they do, example above, when you confront them, they reply by trying to discredit you with assumptions. At least this guy posted some link, but the discredit by assumption attempt never fails.
More...
Ok. You look for absorption in the orderflow and chances are there will be no breakout. If you see market orders hitting and making progress a breakout is likely. Pretty simple stuff if you look at the market as an auction.
 
Last edited:
Thank you all for response. Not sure if the responses really help me.

I believe I know the answer, keep practicing and make my own rules to trade.
 
Handle123 said:
Very little safety in day trading for most and what we depend on, there are feel good trades and they usually have greatest risk cause as price going up you getting onboard and well back tested well defined patterns offer least risk of buying as price is dropping. Days of risking one point in ES are few. Buying on breaking of Super Steep upsloping trendline? How much study have you done on big range bars and speed of price? Bigger the range near highs, like over 4 points for that timeframe on one bar, you can expect deeper retracement. Also, notice pivot high earlier at 2054 which at that time was Head & Shoulders to sell in a downtrend, there was no close above 2054 till other leg up, so that tells me the highs were weak at 10:30cdt, plus the reversal bar at highs, you might want to replace that whatever at bottom with volume will show increase of bigger traders piling on for reversal trade sells, be that are it may, entry long be below the lows of huge range bar. And the feel good breakout at 11:00.

TaDa
More...

Thank you
 
You must log in or register to reply here.
Back
Top