I am confused big time about this thread. I don't know whether to laugh or cry at some of the things Audi has posted and the responses he has got.
Here's a few quotes from Audi that clearly show a beginners confusion...
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I've watched thousands of volume bars and have a very good idea of when exhaustion occurs and the potential reversals to follow.
As you can see it hasn't really worked for me though.
Also, if I do nail the entry, I have NO idea when to exit.
I'll trade very discaplined for like 2 or 3 weeks
Its true that I've been trying to NAIL the entry to the tick (which I've done many times) but still am getting no where.
So it sounds like your saying volume is of no help, I'm finding that out the hard way.
A big problem for me in trading the ES is that I really do not trust any type of rigid set up because I think its all bullshit really (nothing better than random) BUT at the same time you want something thats measurable, which is where specific setups are of value.
I feel like the way I have been using volume along with time does have some merit but it obviously has not gotten me anywhere.
I don't know. I'm pretty lost.
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Of course you're lost Audi as you should be at this stage and you are contradicting yourself like a drunk.
You think you have a good idea of when exhaustion occurs and many times nail your entry to the tick but it doesn't work??
You think rigid set ups are random b/s but you want something measurable?
Volume and time has merit but it has not got you anywhere and you're lost.
Audi, you need to decide it you want to trade a system like in your journal using volume plus RSI divergences with Keltners, which is basically a super simple method that will give you rollercoaster results
OR
Learn to trade and that means learning set ups.
At the moment you have no idea how to trade Time and ditto for Volume. You're starting point for intraday trading is to learn PA and then if you wish to learn Volume, study it properly by getting some study materials.
Trading at the 1 min level is very advanced and you are not even at a basic level. All you have is a method that anyone with a cursory explanation to charting sw could devise in a few hours and it's been done a zillion times.
And it always ends up the same - pretty lost!
Here's a few quotes from Audi that clearly show a beginners confusion...
====================================
I've watched thousands of volume bars and have a very good idea of when exhaustion occurs and the potential reversals to follow.
As you can see it hasn't really worked for me though.
Also, if I do nail the entry, I have NO idea when to exit.
I'll trade very discaplined for like 2 or 3 weeks
Its true that I've been trying to NAIL the entry to the tick (which I've done many times) but still am getting no where.
So it sounds like your saying volume is of no help, I'm finding that out the hard way.
A big problem for me in trading the ES is that I really do not trust any type of rigid set up because I think its all bullshit really (nothing better than random) BUT at the same time you want something thats measurable, which is where specific setups are of value.
I feel like the way I have been using volume along with time does have some merit but it obviously has not gotten me anywhere.
I don't know. I'm pretty lost.
========================================
Of course you're lost Audi as you should be at this stage and you are contradicting yourself like a drunk.
You think you have a good idea of when exhaustion occurs and many times nail your entry to the tick but it doesn't work??
You think rigid set ups are random b/s but you want something measurable?
Volume and time has merit but it has not got you anywhere and you're lost.
Audi, you need to decide it you want to trade a system like in your journal using volume plus RSI divergences with Keltners, which is basically a super simple method that will give you rollercoaster results
OR
Learn to trade and that means learning set ups.
At the moment you have no idea how to trade Time and ditto for Volume. You're starting point for intraday trading is to learn PA and then if you wish to learn Volume, study it properly by getting some study materials.
Trading at the 1 min level is very advanced and you are not even at a basic level. All you have is a method that anyone with a cursory explanation to charting sw could devise in a few hours and it's been done a zillion times.
And it always ends up the same - pretty lost!
