Price Action Journal V1.5

Quote from sandygray66:

I too found the HA colors are quite helpful.

Is that HA code in NT from the AHG thread or someplace else? I have it for TS, but not for NT. Would like to have it for NT.

Thanks for posting your chart. Nice trading day for you. :)
More...
Do you use HA as a trigger for entries?

Am I the only one who thinks it lags price?
 
Quote from rolextrader:

Do you use HA as a trigger for entries?

Am I the only one who thinks it lags price?
More...

No, I use 3br for the entry trigger.

The HA bars help me stay in a trade. Also, I look for a change in color before entry to help prevent early entries. Meaning, in an uptrend, I wait for the HA bars to turn red, before looking for a 3br entry (of course watching the pivot relationships to make sure the major pivots still have HHs and HLs).
 
Quote from sandygray66:

No, I use 3br for the entry trigger.

The HA bars help me stay in a trade. Also, I look for a change in color before entry to help prevent early entries. Meaning, in an uptrend, I wait for the HA bars to turn red, before looking for a 3br entry (of course watching the pivot relationships to make sure the major pivots still have HHs and HLs).
More...
Thanks Sandy.

I recall you were once a satisfied user of Felton Trading. Hoe does that now fit in with your trading the ES?
 
Quote from HooLee:

ES 15min dragon, a long trade.

ES-dragon.png
More...

Hoolee, could you elaborate on which portion of that chart represents the actual dragon "setup" (beginning, end)

To me that just looks like a W bottom.. What makes the dragon setup different?
 
Quote from rolextrader:

Do you use HA as a trigger for entries?

Am I the only one who thinks it lags price?
More...

From what I have read from different posters about HA, most NEVER use HA for entries... They usually use to alert of a possible change of trend for exits....

Also, HA, has a tendency, in my opinion, to visually smooth out the price action, so it looks less confusing.. This is purely psychological, but it helps me really focus on pivots, and formations, and support/resistance, trendlines... and less on the other stuff..

To me, HA is simply just a visual preference, not to be used as an indicator.
 
Which brings up a good point.

The author "isnt overly impressed" and then goes into a rant on how traders are looking for a "holy grail" to become profitable, etc..

It isnt designed for that purpose, IMO.. So of course, its going to fall short of "holy grail" expectations. It simply a slight variation to view price action...

The holy grail are the "methods" we are discussing in the thread :)
 
Agree. I use HA as a visual aid , too. Like you mentioned , it just smooths out the price and I can focus on other things on the chart.




Quote from mdl060374:

Which brings up a good point.

The author "isnt overly impressed" and then goes into a rant on how traders are looking for a "holy grail" to become profitable, etc..

It isnt designed for that purpose, IMO.. So of course, its going to fall short of "holy grail" expectations. It simply a slight variation to view price action...

The holy grail are the "methods" we are discussing in the thread :)
More...
 
You must log in or register to reply here.
Back
Top