I'm not a fan of "Head and Shoulder" formations... but this might be one...

[mikeriley]

The Range Bars - are all the Same Size - except when the Market closes - a Bar may be smaller.

Edit: I just looked at my chart - and there were 2 - Head & Shoulder setups - in approximately 4 and 1/2 minutes - shortly before the close. See the Green Lines - that is the Potential Ticks available - although I only go for Two Ticks. This happens more often than you might think. Depending on how many Contracts you are Scalping - money - can be made. Of course - money can be LOST also. It is NOT as scary to trade this as a trader might think. It is all about having Strict Rules - on how to trade a Setup - and then actually - FOLLOW THE RULES. By the way - I look at Head and Shoulder setups - much different that the textbook way.

The Red and Green Dots - One Tick - Range Bar increments.

That's a very fast trade, which probably fits your personality.

For 2 ticks you must make a lot of trades.
I trade for 30, 100 and 200 ticks in my system,
in time it might take 15 minutes to 3 hours depending
how the market is moving.

 

[maxinger]

There is absolutely no head and shoulder formation.
Those H&S things were coined by professional writers who earned
money by writing.



The market is going sideway / ranging.

It will continue to go sideways for the next few days/weeks/months .....
until the chart says otherwise.


Subsequently, the market will :

break up or
break down

 

[VSTscalper]

That's a very fast trade, which probably fits your personality.

For 2 ticks you must make a lot of trades.
I trade for 30, 100 and 200 ticks in my system,
in time it might take 15 minutes to 3 hours depending
how the market is moving.

Seriously - it is NOT as Fast as you might think.

Tell you what - if you and your buddy SimpleMeLike - have time - I will show you - explain in more detail. You might end up actually liking it - LOL. I think it was my first Post - in this thread - the First picture - shows the Range Condition. Without looking - I believe there was something like 12 or more trades available. Some I haven't mentioned yet - like near Support and Resistance - the way I do it - see the Red Arrows.

Let me know if you want to come into a Zoom Room - I will show you. It doesn't have to be right now - or never - totally up to you guys. I am at my computer a lot - usually Coding - it is a sickness - LOL.

 

[murray t turtle]

The notion of moving averages has some merit... even though few produce valuable signals.

1. EVERYBODY (and therefore YOU too should) tracks 50 and 200 day MAs... both simple and exponential..

2. For a given time period, SOME MA is likely to track highs/lows well... you have to try various ones to see which fits best.* If you find one, it likely will fit for only a limited time and then you'll have to find another.

* I recall years back when the 400 day (can't remember whether simple or log) nailed the highs and lows PERFECTLY... trouble was there were only like 3 signals in 4 years... but they were good/big ones!

%%
SPEAKING of 50-200 hindsight I just spotted [after market closeLOL] \ sort of a downsloping SPY head + shoulders on last 3 week candle charts, but thats SEPT hindsight .
On mountain charts look$ a lot like head + shoulders, but up/sloping , but i so seldom use mountain + valley charts, may not mean much.
I pilled a blood sucking single tick off me this week never did like ticks or even one tic if i could help it LOL......................
I got so interested in charts i missed going to metals dealer this afternoon
Live + lifelong learn, back to my 777 day ma.

 

[themickey]

Looks like a rising market to me.

 

[murray t turtle]

Looks like a rising market to me.

View attachment 323151

%%
IF that'$ a 3 year fine\
but fist year is down\ sort of a 3 year H+SUptrending from $222or $244head + shoulders LOL. Cant tell much with out a 200dma on it

 

[VSTscalper]

Just looked - here are a couple more Head & Shoulder setups - for the way I Scalp. The last Head & Shoulder - I might have put the wrong date - as it was Today - and this picture shows - about 9 minutes after the Second H&S on the previous picture - post #10.

 

[777]

Wannabe technical analysts seem to see "H&S all over the place", when they rarely work out as envisioned.

However, this might be a genuine one... IF the neck line breaks and holds as resistance, it's likely negative for the market. FWIW...

View attachment 323132

The head is stick in the shoulders!!

(Hopefully you are not serious)

 

[murray t turtle]

The head is stick in the shoulders!!

(Hopefully you are not serious)

%%
LOL, no wonder , so many hate TA[technical analysis]
777 day moving average is still going up.
Stock Traders Almanac noted ; SEPT is when stocks + leaves tend to fall\
on Wall Street, tends to be the worst month of all

 

[Scataphagos]

777 day moving average is still going up.

Where did you get that from... The Onion?