Price Action. Please clarify something for me

Quote from sulong:

Yes. YM and NQ.

Harold explained a bread and butter setup earlier in the thread, that silver tongued devil.

Once your mind clicks on the price action and the emotion behind it, it all becomes clear.
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I can sure accept this part, that is the 'turn on a dime' part:

(Chart analysis should be a cumulative, evolving process, the last bar is part of the whole and the sum of those parts are indeed greater than the individual bar. Having said that, as traders we also recognize that price can indeed turn on a dime, a bar...

-Stephen
 
Quote from stephenszpak:

VSTscalper

So it's here:

http://www.tradewithvision.com/jtrader/walkthru/s1.html

-Stephen
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Stephen,

Go download a J-Trader demo somewhere. Try Global Futures or Lions Futures....or any Broker that offers J-Trader. You will need to find the "Hot Quotes" window.

Also....NinjaTrader has it. I have been trying NinjaTrader lately....but I am not ready to give up my J-Trader though. Ninja also has the ACV....and it is handier....right on the Dome. And their Simulator is one of the more Realistic Sims available.

NinjaTrader has a Free Simulator....not just a Demo.

VSTscalper
 
Nobody has mentioned this... :)

support/resistance = price equilibrium.
Pure price action take on things without need for volume study.

expansion/contraction = velocity.
Analyzed over a period determines buying and/or selling pressure, again without need for volume study.

Osorico
 
Quote from stephenszpak:

Having said that, as traders we also recognize that price can indeed turn on a dime, a bar...

-Stephen
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It can, but it doesn't very often. Most often price will slow down first, and then turn, if it does.
 
Quote from sulong:

It can, but it doesn't very often. Most often price will slow down first, and then turn, if it does.
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Actually, it may slow down or not, but will then most often turn, test the most recently-made swing point, then resume the move. Which is why buying higher lows and selling lower highs is surer than trying to pick tops and bottoms.
 
Check this: http://www.elitetrader.com/vb/showthread.php?s=&postid=1026187#post1026187
Quote from stephenszpak:

I was wondering if the more experienced members at
this thread have a system or methodology that gives
profitable trades >50% of the time. (The amount of
actual profit is, perhaps irrelavent.)

I don't need to know what it is, just asking.

I've spent ( though not recently ) MANY hours with
support/resistance trendlines, moving averages.

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Thanks,

Stephen Szpak
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