So you all have an idea of what and why it is that makes a trigger to trade, I will give you a brief rundown.
Every morning at the open the âMARKETâ forms a BIAS ( Notice how I said the MARKET) not me â¦..lol
After about 15 min all the dynamic levels for open range are produced ( you will see this in screen shots )
I will be referring to areas and times as TZ ( TRADE ZONE ) this is a time zone during the day that is prone to
Responding in a repeatable pattern : Example would be TZ 2 has a high probability of going to the upside
or TZ 3 reversal trade due to its high probability of mean reversions set-ups.
The purpose of this is to provide REAL examples of why PRICE ACTION IS NUMER 1 first and foremost without exception
Second would be supporting Momentum indicators that are used to assist and confirm, but NOT to rely solely on as some traders do.
As I have been here for some time and many of you know me already, there has always been this back and forth between
Traders on WHAT WORKS, Price Action or Indicators ? answer is BOTH that is why it is a never ending push and pull
Between traders, you have to accept both and respect what they are trying to tell you.
I would like to make this a really good and informative area for traders to go over there trades and interact
With SOME regard to other traders that want to Improve upon what they are already doing or even find another
Trade set-up to add to what they already have.
I have been here long enough to know how the E.T. Trolls come in and destroy what anyone attempts to create
as an informative thread here and I may just be opening myself up to that, only time will tell â¦â¦lol
I will be putting up screen shots as often as I can and answer all question you have as quickly as possible
You will see that most of the trade set-ups will be of the same nature and I will refer to them in some
Odd names, however they will be repeated every day so you will clearly see the same trades over and over
If those of you want to challenge or just be a pain in the butt and piss and moan â¦..blah , blah, blah
PRICE ACTION< PRICE ACTION and donât forget PRICE ACTION â¦â¦â¦..so before you sound off make sure you
understand market structure before you post cause I will always refer to it first!
PRICE ACTION will dictate the set up and this is what I will go over in time to come.
so if you see a SELL signal however with no structure is broken is it really a sell signal or is it a pull back that leads to
much higher prices ?
For example today 68s where a res level and 64.50 triggered a reversal in the BIAS of the market
And once 62s broke they will become resistance
Now knowing that move on to your indicators and confirm or trigger from the KEY levels, next level down would be 58s
Then 54s under so now you would be able to press from those numbers using whatever you use for momo triggers
There are millions out there use the ones you like and understand
I hope this works out to be a good thread, if not oh well I tried â¦â¦.lol
Happy Trading,
Joe Baker
Every morning at the open the âMARKETâ forms a BIAS ( Notice how I said the MARKET) not me â¦..lol
After about 15 min all the dynamic levels for open range are produced ( you will see this in screen shots )
I will be referring to areas and times as TZ ( TRADE ZONE ) this is a time zone during the day that is prone to
Responding in a repeatable pattern : Example would be TZ 2 has a high probability of going to the upside
or TZ 3 reversal trade due to its high probability of mean reversions set-ups.
The purpose of this is to provide REAL examples of why PRICE ACTION IS NUMER 1 first and foremost without exception
Second would be supporting Momentum indicators that are used to assist and confirm, but NOT to rely solely on as some traders do.
As I have been here for some time and many of you know me already, there has always been this back and forth between
Traders on WHAT WORKS, Price Action or Indicators ? answer is BOTH that is why it is a never ending push and pull
Between traders, you have to accept both and respect what they are trying to tell you.
I would like to make this a really good and informative area for traders to go over there trades and interact
With SOME regard to other traders that want to Improve upon what they are already doing or even find another
Trade set-up to add to what they already have.
I have been here long enough to know how the E.T. Trolls come in and destroy what anyone attempts to create
as an informative thread here and I may just be opening myself up to that, only time will tell â¦â¦lol
I will be putting up screen shots as often as I can and answer all question you have as quickly as possible
You will see that most of the trade set-ups will be of the same nature and I will refer to them in some
Odd names, however they will be repeated every day so you will clearly see the same trades over and over
If those of you want to challenge or just be a pain in the butt and piss and moan â¦..blah , blah, blah
PRICE ACTION< PRICE ACTION and donât forget PRICE ACTION â¦â¦â¦..so before you sound off make sure you
understand market structure before you post cause I will always refer to it first!
PRICE ACTION will dictate the set up and this is what I will go over in time to come.
so if you see a SELL signal however with no structure is broken is it really a sell signal or is it a pull back that leads to
much higher prices ?
For example today 68s where a res level and 64.50 triggered a reversal in the BIAS of the market
And once 62s broke they will become resistance
Now knowing that move on to your indicators and confirm or trigger from the KEY levels, next level down would be 58s
Then 54s under so now you would be able to press from those numbers using whatever you use for momo triggers
There are millions out there use the ones you like and understand
I hope this works out to be a good thread, if not oh well I tried â¦â¦.lol
Happy Trading,
Joe Baker