Christmas In March For Price TA Trader Wannabes

[Scataphagos]

Look at ES and NQ charts together… if not clear on one chart, will be more so on other

Reading chronologically…Buy Support, Sell Resistance

Bear pivot
Matched high sell
Rising bottoms buy (complex low on Nas*)
Bear pivot on Nas
Fib
Upside breakout of congestion*
Bull pivot.. backtest of breakout
Bull pivot
%K
Matched low ?… looking for matched low, but “turned early”

* Likely the only ones most traders recognized

There are other signals too, but would clutter the chart too much

So… did I catch all of this? Of course not… I never do, but it was clearly there to be caught!

We can’t watch the market with intensity 24/7. Our objective is to “catch what we can”. For traders to succeed with Price TA, we need only to (1) catch some of the most obvious setups, and (2) avoid taking large losses.

_______________________________________________________

Inspired?

KISS, baby! As Always.

 

[USDJPY]

What date is that chart?

 

[Scataphagos]

What date is that chart?

Yesterday, Mar 2, with a little overnight. I couldn't get the date in the chart as the capture wouldn't allow me to save if I tried to include the Windows frame.

 

[USDJPY]

I use a different method, which I will not share, but I got the same result as you.

 

[Scataphagos]

Blows my mind... there were ~185 ES points potential in this structure for ONE DAY... when the net change for the RTH was only 2 points... TWO POINTS! (Not saying anybody caught or could have caught all of it... but it was "there to be caught")... and barely any ET'ers are interested in learning how to capture some of this for themselves??

And there are other days with greater volatility where the potential gains with Price TA are waaaaay greater than "only" 185 points.

WTF is wrong with ET traders? What do you do if you don't do this?? You got something that might have made >185 points yesterday? If you do, let's hear about it*.

*I've posted the best I've got... let's hear about the best you've got.

For years I've advised...

Buy Support
Sell Resistance
Chase Breakouts
Exercise Stops

This thread is the first time all these years where I have graphically shown the possible "Price TA" trades and described what they are*. It's up to you to take it from here.

KISS, baby, as always.

*I've often said that I am willing to "direct traders to the fishing hole, but I'm not going to bait their hook and cast their line for them too". Well, with this thread, I've "baited the hook". If you still don't "get it", perhaps you should take up something other than fishing.

Good Luck.

 

[murray t turtle]

I use a different method, which I will not share, but I got the same result as you.

%%
SAME here;
except 200dma on VEA+ other cash ETFs. Not in that one now, good trades anyway
Sure you could make $3,333 on a day ES move+ lose a million net or more @ year that way also. I dont have a problem with Tim Sykes taking penny risks in college he maybe able to recover from. As far as grabbing pennies , good if you are a market maker/ specialist.
So Merry Christmas, happy Hannukah + Columbus Day.
I also believe Annie Moses Oakly + BuffaoW Bill , David could do things with a rifle +slingshot+ shotgun, most could not. Same way with Herb parsons, WINchester Western salesman.
Sorry i will not share share the best; even those noted were + are among some best.
IF a calender loses Columbus day i ink that in LOL[Edit But not ES size losses; its possible to lose more in cash ETFs,than ES, just not near or anywhere near as likely;
but good points from the CME\ Es is designed to trade.]

 

[Laissez Faire]

So, that's what happened yesterday.

What's the trade on the table right now at the right hard edge of the chart?

ES 4025.

Long, short or flat here?

PS: I'm not bashing TA. I use TA myself, although not necessarily chart analysis. I just dislike vague hindsight charts suggesting it was all easy and without risk.

 

[Scataphagos]

So, that's what happened yesterday.

What's the trade on the table right now at the right hard edge of the chart?

ES 4025.

Long, short or flat here?

View attachment 307841

PS: I'm not bashing TA. I use TA myself, although not necessarily chart analysis. I just dislike vague hindsight charts suggesting it was all easy and without risk.

Well, you likely don't know for sure at any time. The best you can do is "trade what you see... trade the charts". Sometimes the market seems logically to be crazy bullish/bearish for no good reason. The best way to keep on top of things is to trade the charts and not try to think deeply as to "why".

 

[2rosy]

Well, you likely don't know for sure at any time. The best you can do is "trade what you see... trade the charts". Sometimes the market seems logically to be crazy bullish/bearish for no good reason. The best way to keep on top of things is to trade the charts and not try to think deeply as to "why".

does the chart need to be related to what you're trading? does it need to be ohlc bars or candles? how many dimensions should there be?

 

[Scataphagos]

does the chart need to be related to what you're trading? does it need to be ohlc bars or candles? how many dimensions should there be?

The lows matter for support buys. The highs matter for resistance sells. Nothing between is of any consequence.