It would be awesome if Anek was in here helping out. But, as like happened in my price action thread, if you entertain the suggestion of everyone who posts anything, the thread will get significantly off topic. Maybe Lord.Maushi is Anek and he's got lots of info to share, but you can't assume any random person who posts something is actually a profitable trader in disguise, especially considering that's what half the people here pretend to be, anyway.
The no BS, obfuscation-free price action thread
- Thread starter 1a2b3cppp
- Start date
It would be awesome if Anek was in here helping out. But, as like happened in my price action thread, if you entertain the suggestion of everyone who posts anything, the thread will get significantly off topic. Maybe Lord.Maushi is Anek and he's got lots of info to share, but you can't assume any random person who posts something is actually a profitable trader in disguise, especially considering that's what half the people here pretend to be, anyway.
That's the frustration I felt when I had my price action thread.
Everyone getting their jimmies rustled up in here.
The people insisting you are doing it wrong are not providing any reason why what they suggest is more valid or, you know, examples to support what they're saying, yet expect you to listen or they're taking their ball and going home. Lol wat
Same thing as in my thread. Has anyone sent you a PM yet on the down low asking you to pay them to teach you?
Also, how are you a vendor? I didn't see anything for sale on your blog. You've also called every trade you've made for years with full transparency. It's not like you were like "buy my shit and you can make monies!" or ask for donations for "free" indicators, or posting long and confusing rules for your indicator to supplement the expensive courses you sell on your site, or any of the other strategies that the "stealth vendors" use.
Anyway, I'm following this thread.
Not sure if I'm being trolled here or not, but let's try this again.
@NoDoji
Awesome, none of that has anything to do with me or this thread, tho.
As I've stated for years, I wish I could learn to predict direction. I kind of gave up on it for a while after trying everything and nothing working, but recently I have become interested in it again, hence my recent threads.
That's accusatory. It's a bit of a stretch to assume that since I have a blog I'm trying to sell anything. There is nothing for sale on my blog. The only thing there is a description of how I trade, my trades, and my thoughts on trading. It's pretty much the same thing I post here and in my journal threads. There's not even any mystery. Everything I do is perfectly spelled out. That's like the opposite of selling anything.
We sent each over a dozen PMs. Your conclusion from that was that I "didn't have any interest?"
At any rate, you now have two Skype friend requests from me. I think the first one was left unanswered for so long that it got canceled so I sent you another one.
@pikachu9
I have daily, 5000 volume, and 5 second. So I meet your first criteria. This was explained in the first post.
Which post makes you think that I am looking at seconds only? I'm curious because if my writing is that misleading then I think I need to make some changes. In fact, there are numerous things that should lead you away from the conclusion that I am "just looking at seconds charts only":
1) the first post mentions that I was using daily, 5,000 volume, and seconds (not "just looking at seconds charts only")
2) most of the charts I post do not even have the seconds chart posted, much less "just looking at seconds charts only."
3) when I do post the seconds charts, it's within a specific context of the next higher timeframe chart (not "just looking at seconds charts only")
Are the charts that I post not clearly labeled? Are my descriptions misleading? Are the time scales at the bottom of the charts leading you to believe they are "seconds charts only" rather than daily or 5,000 volume charts?
I have posted around 21 days of charts in this thread. 4 or 5 of them have had accompanying 5 second charts. Not "seconds charts only," but accompanying 5 seconds charts to look at specific points on the bigger charts. I apologize if somehow you thought all the charts I posted were 5 second charts, and I agree with you that using seconds charts only would be tough to trade.
@oraclewizard77
What makes HH, HL, LH, and LL "real Price Action concepts" but the things I'm labeling like ORH, ORL, etc. not?
Why 5, 10, 15 min or greater? And which one would you prefer I use? Do you include AH data in the chart as well?
I've studied HH, HL, LH, and LL in the past but found no predictive nature. For a short while I experimented with taking trades based off of them but price broke HH/HL format so often that I moved on.
The biggest problem I had when using them, however, was identifying in real time when a HL was forming. Is it an HL or is price still going down? If price makes an HL and starts going up again, does that mean it's going to continue, or is it going to go back down as soon as you enter?
I can easily identify HH/HL/LL/LH after the fact but it wasn't helping me much in real time.
This thread was more about identifying price action at certain levels, which includes how to identify price action at certain levels in real time. I'm testing the idea that movement is determined at certain levels and everything else is random, which is why we're looking at range highs, lows, S/R, and pivot points. Price sometimes makes perfect HH, HL waves, sometimes it chops, and sometimes it goes HH, LL, HH or LH, HL.
Although I have not found them particularly useful in real time, we can definitely talk about HH/HLs as part of price action in this thread.
@NoDoji
Awesome, none of that has anything to do with me or this thread, tho.
As I've stated for years, I wish I could learn to predict direction. I kind of gave up on it for a while after trying everything and nothing working, but recently I have become interested in it again, hence my recent threads.
That's accusatory. It's a bit of a stretch to assume that since I have a blog I'm trying to sell anything. There is nothing for sale on my blog. The only thing there is a description of how I trade, my trades, and my thoughts on trading. It's pretty much the same thing I post here and in my journal threads. There's not even any mystery. Everything I do is perfectly spelled out. That's like the opposite of selling anything.
We sent each over a dozen PMs. Your conclusion from that was that I "didn't have any interest?"
At any rate, you now have two Skype friend requests from me. I think the first one was left unanswered for so long that it got canceled so I sent you another one.
@pikachu9
I have daily, 5000 volume, and 5 second. So I meet your first criteria. This was explained in the first post.
Which post makes you think that I am looking at seconds only? I'm curious because if my writing is that misleading then I think I need to make some changes. In fact, there are numerous things that should lead you away from the conclusion that I am "just looking at seconds charts only":
1) the first post mentions that I was using daily, 5,000 volume, and seconds (not "just looking at seconds charts only")
2) most of the charts I post do not even have the seconds chart posted, much less "just looking at seconds charts only."
3) when I do post the seconds charts, it's within a specific context of the next higher timeframe chart (not "just looking at seconds charts only")
Are the charts that I post not clearly labeled? Are my descriptions misleading? Are the time scales at the bottom of the charts leading you to believe they are "seconds charts only" rather than daily or 5,000 volume charts?
I have posted around 21 days of charts in this thread. 4 or 5 of them have had accompanying 5 second charts. Not "seconds charts only," but accompanying 5 seconds charts to look at specific points on the bigger charts. I apologize if somehow you thought all the charts I posted were 5 second charts, and I agree with you that using seconds charts only would be tough to trade.
@oraclewizard77
What makes HH, HL, LH, and LL "real Price Action concepts" but the things I'm labeling like ORH, ORL, etc. not?
Why 5, 10, 15 min or greater? And which one would you prefer I use? Do you include AH data in the chart as well?
I've studied HH, HL, LH, and LL in the past but found no predictive nature. For a short while I experimented with taking trades based off of them but price broke HH/HL format so often that I moved on.
The biggest problem I had when using them, however, was identifying in real time when a HL was forming. Is it an HL or is price still going down? If price makes an HL and starts going up again, does that mean it's going to continue, or is it going to go back down as soon as you enter?
I can easily identify HH/HL/LL/LH after the fact but it wasn't helping me much in real time.
This thread was more about identifying price action at certain levels, which includes how to identify price action at certain levels in real time. I'm testing the idea that movement is determined at certain levels and everything else is random, which is why we're looking at range highs, lows, S/R, and pivot points. Price sometimes makes perfect HH, HL waves, sometimes it chops, and sometimes it goes HH, LL, HH or LH, HL.
Although I have not found them particularly useful in real time, we can definitely talk about HH/HLs as part of price action in this thread.
I'm looking at it right now. I'd PM you a screenshot with the timestampes but your PMs are off. I don't want to post it publically here.
Maybe the problem is with my account.
My username is onea2b3cppp (just like my username here except Skype doesn't let you start with a numeral so I had to write out the word instead). Maybe if you send me a request it would work. For the record I am interested in chatting with you.
edit - there's a red circle with an exclamation point in it next to the original message I sent you. I Googled it and saw that means the message hasn't been delivered yet. Maybe that's why you never received it? It's been sitting there for months, though.
Ok, one last attempt.
1) Download NinjaTrader, its free to at least use for 1 month.
2) Google for NinjaTrader Price Action indicator that automatically creates HH, HL, LL, LH DT, DB. If you still can't find it. Put your e-mail address here or pm me it, and I will send you the indicator. Stop saying you are having a hard time identifying them, when this indicator will do it for you for free.
3) Ok, choose if you going to day trade, or trade longer term. If day trade, I want you to now post a 5 min chart with the NinjaTrader indicator.
4) Next, I want you in hindsight to pick the best place to either have gone long or short. When I say in hindsight, this means the day is already finished and you already know where price went throughout the day.
5) I want you to pick where you would have put your stop and target for this trade. It's already a winning trade, since you already saw where price went since the day is over. However, the target and stop need to be based on a trading plan you have already developed to manage risk vs reward for your trades.
1) Download NinjaTrader, its free to at least use for 1 month.
2) Google for NinjaTrader Price Action indicator that automatically creates HH, HL, LL, LH DT, DB. If you still can't find it. Put your e-mail address here or pm me it, and I will send you the indicator. Stop saying you are having a hard time identifying them, when this indicator will do it for you for free.
3) Ok, choose if you going to day trade, or trade longer term. If day trade, I want you to now post a 5 min chart with the NinjaTrader indicator.
4) Next, I want you in hindsight to pick the best place to either have gone long or short. When I say in hindsight, this means the day is already finished and you already know where price went throughout the day.
5) I want you to pick where you would have put your stop and target for this trade. It's already a winning trade, since you already saw where price went since the day is over. However, the target and stop need to be based on a trading plan you have already developed to manage risk vs reward for your trades.
Any indicator that shows HH/LL/LH/HL/DT/DB *MUST* have some build-in lag to ensure a price labelled HH was indeed followed by some amount of lower prices.
Sadly, Ninja doesn't include that lag effect when scrolling over past historical data - as a results, unless the indicator also indicates at which precise bar those HH/LL/... were detected in real time, it is next to impossible to do static backtesting with that.
On the attached example of my own intraday H/L indicator, the green/red rectangles are at the pivot location and the green/red dots that follows (at the same price level) is the exact location where those intraday H/L were detected.
Sadly, Ninja doesn't include that lag effect when scrolling over past historical data - as a results, unless the indicator also indicates at which precise bar those HH/LL/... were detected in real time, it is next to impossible to do static backtesting with that.
On the attached example of my own intraday H/L indicator, the green/red rectangles are at the pivot location and the green/red dots that follows (at the same price level) is the exact location where those intraday H/L were detected.
I've tried to install Ninja Trader a few times but it never worked for some reason. I have Windows 7 64 bit.
I can identify HH/HL/LL/LH manually, I'm not sure why I need an indicator to do so.
What I said was I cannot identify them in real time.
Day trade. See below.
The best places to go long and short are obviously at each high and low. Since you said I could do this in hindsight, I have labeled each buy and short entry with a green and red circle.
As I said earlier, I cannot identify them in real time.
This is completely different from what I was doing in this thread and I have no idea how you are supposed to choose a target or a stop. I know IronFist has worked extensively with HH/HL stuff so I'll PM him and maybe he can give some input.