Technical Trading Setups Journal

[clightmarathon]

I think you can see his entry on the chart. I would not say hindsight.
And the setup you are referring was just after an hourly trend line break, so probably that is why he did not take it, at least I would not have taken it .

 

[cornix]

Quote from HurricaneUS:

what about the 1-2-3 setup that failed about 30 or so bars back. It also broke a trendline.

But...nice after-the-fact setup that you posted.

This one, you mean (see attachment)?

As you can see, it didn't harm me, was poor entry from the start so watched it like a hawk and bailed quickly b/e.

Also, I emphasized in the first post of the thread that my purpose is not document every trade, but more those, which are good demonstrations of technical analysis principles.

I have no need to prove anything to anyone. If you don't like this threads, I am sure you have choice.

 

[cornix]

Quote from clightmarathon:

I think you can see his entry on the chart. I would not say hindsight.

Yes, those are entries/exits and stop/profit levels automatically shown by Oanda.

 

[cornix]

One important note, I never intended to say that each of the setups shown should ever be taken mechanically. It's not the way to trade them.

The way is (in my view) to watch them for a long time until you get a good feel for them and then take those, which look the best and are in good context.

I will probably return to the concept of context a little later.

 

[shopster]

Quote from Marsupilami:

My favorite setup .........

the 3 sisters
fully diverged and corked.

new long pendings hit then puked.

end of trend at the vert. bar shop exit door.

s

 

[cornix]

1H context for the last trade mentioned.

http://www.cornixforex.com/2012/01/1h-context-of-the-reversal-setup-described-in-the-last-post/

 

[clightmarathon]

Quote from shopster:

the 3 sisters
fully diverged and corked.

new long pendings hit then puked.

end of trend at the vert. bar shop exit door.

s

I knew you would post that failed breakout

Nice pin bar entry on the 5M for entry...

 

[Macho]

Quote from shopster:

the 3 sisters
fully diverged and corked.

new long pendings hit then puked.

end of trend at the vert. bar shop exit door.

s

It also coincided with the ZB buying and ES rolling over.

I trade ES and 6e with ZB triggers 3 pip range. PA no indicators.

 

[shopster]

Quote from clightmarathon:

I knew you would post that failed breakout

Nice pin bar entry on the 5M for entry...

................................

the setup is so obvious.

breakout guys never get it right..........

s

 

[cornix]

Quote from shopster:

................................

the setup is so obvious.

breakout guys never get it right..........

s

Sometime they do.

I like well shaped breakouts, they can be very profitable and low risk entries.