Favourite Price Action clues

Quote from Razor:

Thank you risky :D

Do you have any patterns that could be used intraday on the futures ?

Anyone else ?
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Yes;
enter occasionaly on convergance of 5-6 month chart,
& 5-6 day chart.50 dma helps also, not absolutely necessary.

Thought about being much more specific;
decided against it. But will say late FEB,March has had some of the worst weekly uptrends but better downtrends., by many measures.[SPY,ES, QQQQ]
:cool:
 
Thank you for the response Murray, I have pulled up a daily chart for ES looked back for 5 - 6 months as well as Feb and March of this year and also last 5 - 6 days and I can't see what you are trying to show. Can you perhaps define 'convergence' ?

Cheers :D

Quote from murray t turtle:

===============
Yes;
enter occasionaly on convergance of 5-6 month chart,
& 5-6 day chart.50 dma helps also, not absolutely necessary.

Thought about being much more specific;
decided against it. But will say late FEB,March has had some of the worst weekly uptrends but better downtrends., by many measures.[SPY,ES, QQQQ]
:cool:
More...
 
Quote from Razor:

Hi,

For those that trade strictly price action (ie: price bars only, candles, bars whatever but no ma's, no fibs, no macds, stochs, nada else just pure price on the chart, not even volume) post a chart or explanation (chart better) of a setup you like to play based on price action that occurs several times per day on a 1 min - 5 min chart)...
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This is not my best setup but it is one of my favorites.

Bullish White Hammer pattern

There are many subgroups of Bullish White Hammer patterns and most of them aren't reliable.

The few that are reliable are very difficult to miss.

Anyways, I didn't have a 1min - 5min chart example of a valid Bullish White Hammer pattern prepared for posting even though they did occur today in several different trading instruments I follow closely.

However, I did already have a 60min chart example of the CBOT mini-sized Dow YM prepared.

Pattern signal rules, entry signal, profit targets and other aspects discussed in detailed at the below link (no need for me to repost info that's already posted in great detailed).

http://www.elitetrader.com/vb/showthread.php?s=&threadid=52880

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1397512">

Mark
(a.k.a. NihabaAshi) Japanese Candlestick term
 

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This is my kind of thread :cool:

I am trying to learn how to trade this way - no indicators, just price action, drawing trendlines, s/r, and watching patterns develop over and over again.

Thanks to all!!!!
 
Thank you for the posts Trader KGB :D

Sponger, I am with you, IMHO after many years of seeming to look at every indicator, strategy, etc etc possible out there, I believe now that to be able to look at a pure price chart and 'see' the action will enable one to trade any market, on any time frame, at any point in the present or future...... I must admit I am yet to master this goal / belief :D
 
The FTT (Failure to Traverse) provides an indication that market sentiment has changed (circled). It appears on any market. Combining an FTT (Price) with Gaussians (Volume) provides a trader with a highly effective strategy for trading whatever market they choose.

Good Trading to you all.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1397742>
 

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FWIW, a select few members of ET have encouraged me to pursue this form of trading. I'm slowly putting the pieces of the puzzle together - no easy task, but I'm making progress. Looking forward to more of this thread........
 
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