POST Some CHART Images in THUMBNAIL Format Right Here, Baby.

oraclewizard77 said:
After time you should not even need lines, it's like looking at the Matrix and seeing the woman in red. I drew this line after the trade finished to illustrate a point. We see price going down to support. Support is not an Absolute barrier. Price pierces support a tiny bit to stop out longs with tight stops and trap anyone shorting right below it, then reverses to go back up.

You need to leave room for trade to breath, I was actually thinking about adding contracts at lower support levels but I was going to remove these limit orders before I went to sleep.

Once trade started to go my way, I tightened my stop and canceled my limit orders. Remember scared money does not win and PA is an Art not a science.

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Thanks
I can relate to an entry after the doji that follows your entry at that line you added.

THat's an interesting entry that you marked prior to that doji.
It does exactly what we all love to see, it follows through to a profitable trade.
What's at work on that chart at your entry point to signal a probable setup?

5 down bars?
 
easymon1 said:
Thanks
I can relate to an entry after the doji that follows your entry at that line you added.

THat's an interesting entry that you marked prior to that doji.
It does exactly what we all love to see, it follows through to a profitable trade.
What's at work on that chart at your entry point to signal a probable setup?

5 down bars?
More...

Much of my trading is 1st determine an overall bias and short term bias for price. This can be related to news. Also, I use automatic indicators that I don't post in ET.
 
PB 7979 nq 5m.png
 
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An always welcome hot tip was posted last friday by an ETer. Here's one way a technical trader can process the heads-ups that are deemed worthy of monitoring for possible action.

There often occurs in the duration between the hot tip and the possible entry into the product of interest a signal entry trigger that may well be on the list of tested entries on a trader's trading plan.

A Swing trader working a Daily chart could look at the top chart and make an End of day Go-No Go Decision based on their stats, etc, and still hold down that Day J-O-B. For you, there's a timely decision for you to make Tonight. Would you like some NVO? ymmv.

An Intraday entry can be scouted out by use of a 30minute chart seen below the Day chart. ymmv

Below:
Hammer at Support
Bigalow T-Line Trade
Measured Move

Trading the T-line - cut to the chase ...
Stephen Bigalow
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-15#post-5162295

delete novr 30m.png

https://elitetrader.com/et/threads/dests-overwrite-journal.359397/page-24#post-5421079
 
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