The 15 minute chart

Quote from Gubinec:

How do you know whether to go long or short? In other words, how do you determine when a bar is a top and when it is a bottom? There is no way to know that unless you're a clairvoyant. Do you trade on a real account or paper?
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You're correct, Gubinec.

Trading is about how to manage things when you're wrong, not how to manage them when you're right.

All I care about is how much I can lose.
 
Quote from golablue:

Entry setup does not require full bar completion.

I never wait for the bar to complete before I enter, otherwise I'd be late to the party.
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In the case of 15-minute bars for intraday trading, I understand. Thanks for the response.
 
Quote from Thunderdog:

In the case of 15-minute bars for intraday trading, I understand. Thanks for the response.
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You got it, Thunder. Hope you were long and strong today.

I'm off to enjoy some Turley Zin.

Good trading to you.
 
Hope everyone was long again this morning....

Just follow the market.

Put all your opinions aside, and let prices be your guide.

So simple, yet so hard.

Human nature prevents people from operating without bias......
 
According to my volume analysis, there will be a turning point pretty soon. I'd say around the next 2-4 bars, and it seems like it's going to be a short play!
 
Quote from Gubinec:

According to my volume analysis, there will be a turning point pretty soon. I'd say around the next 2-4 bars, and it seems like it's going to be a short play!
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So what you are saying is that there may be some down movement in the next hour or so...
 
Quote from Gubinec:

According to my volume analysis, there will be a turning point pretty soon. I'd say around the next 2-4 bars, and it seems like it's going to be a short play!
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price says not yet
:D :D :D :D :D
 
We're very close, guys, probably the next 15 minute bar will be a turning point.

The volume is pretty low so it takes more than a few bars than I originally stated.

I'll keep you updated.


EDIT:

We hit the mark!!! Seems like it's a LONG play, based on price action of previous bars. The only thing left is to get the timing of the trade right - some confirmation. Rushing in immediately is not a good idea.

1:04PM
 
I jsut restarted my comp cuz it hung up due to so many web tab being open on Mozilla.

For some reason it seems the count was off. The volume was probably corrected by the software??

We're not there yet, but VERY close!

EDIT:

We're VERY CLOSE to our volume mark! Seems like price action is confirming it. It simply doesn't want to go down. I'm going long now...one point stop loss.

1:23 PM
 
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