llmflyfisher, The only time you use the word "entry" is when you describe a situation Not to.
Again, What Entry TRIGGER serves you well?
Think in terms of ___..."My Entry Trigger(s) = badda bing, badda Boom".
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Why do moving averages SUCK so much?
- Thread starter Saltynuts
- Start date
Again, What Entry TRIGGER serves you well?
Think in terms of ___..."My Entry Trigger(s) = badda bing, badda Boom".
OK if you need hand-holding, I like to wait for a highest high then subsequent pullback to enter either on a test of a lowest low bar back end or a violation of a lowest low high (front end) bar, the opposite for a short entry in the current short-term trend direction. Reverse of this for short entries LOL. Buy / sell pullbacks in trending price. Of course, it is much preferable to have trend lined up on the short-term as well as longer term 15m and 60m charts, not always present say mkt sells off hard, and bounces off intraday lows with a severe V-bottom and runs for over a hundred (NQ) points straight up etc. I have been known to just market order in right at a hard sell-off bottom just to see if price retraces a good ways back up immediate swing low (60m bar overlap), which happens at least a couple times a week if not more. Many times can be good for 20 to 80+ points in a melt-up like that... stop right under entry, if stopped out, no big deal, can be a high-R trade for sure.
The assumption was that anyone interested in this methodology which was clearly labelled "buy or sell the pullbacks in a trend" and reference made to free instruction relative to this approach to trading, would take the time to browse it and sign up for the newsletter and free ebooks. Or just research buy / sell pullbacks etc. Whatever. This seems to be a symptom of the problem, which is that peeps want to be spoon-fed the magic solution so they have to do no work on their own whatsoever. Log in, download, have magic system bot trade, make millions, no work required. Unfortunately not the way it works.
As stated, the method is drop-dead simple, reliable, and robust. I take money out of the market every day. No indicators required, or can use 'em if desired. Whatever. Still take losses occasionally, but no success in trading without an edge. Over many repetitions utilizing an edge, should see consistent favorable results. Read books or view video on Mark Douglass. Study congestions, rotations, ranging price action in extreme detail. That right there really is the secret. For me anyway.
llmflyfisher, The only time you use the word "entry" is when you describe a situation Not to.
Again, What Entry TRIGGER serves you well?
Think in terms of ___..."My Entry Trigger(s) = badda bing, badda Boom".
The assumption was that anyone interested in this methodology which was clearly labelled "buy or sell the pullbacks in a trend" and reference made to free instruction relative to this approach to trading, would take the time to browse it and sign up for the newsletter and free ebooks. Or just research buy / sell pullbacks etc. Whatever. This seems to be a symptom of the problem, which is that peeps want to be spoon-fed the magic solution so they have to do no work on their own whatsoever. Log in, download, have magic system bot trade, make millions, no work required. Unfortunately not the way it works.
As stated, the method is drop-dead simple, reliable, and robust. I take money out of the market every day. No indicators required, or can use 'em if desired. Whatever. Still take losses occasionally, but no success in trading without an edge. Over many repetitions utilizing an edge, should see consistent favorable results. Read books or view video on Mark Douglass. Study congestions, rotations, ranging price action in extreme detail. That right there really is the secret. For me anyway.
llmflyfisher, The only time you use the word "entry" is when you describe a situation Not to.
Again, What Entry TRIGGER serves you well?
Think in terms of ___..."My Entry Trigger(s) = badda bing, badda Boom".
Post a chart that you have marked to show an entry trigger. Thanks
Overnight, llmflyfisher, What's your system show you for MSTR for Next Week?
Got any Possible Specific Measurable Entry TRIGGERS?
What are the Wickless Candles saying, llmflyfisher?
What are the Unirenko charts saying, Overnight?
Whadda we got, guys?
Here's a simple setup my charts are telling me to watch for, a
Possible Double Bottom Entry Trigger for Next Week for MSTR Above 844.79.
This is a Setup. Currently UnTriggered.
This is NOT a Prediction. I don't predict. MSTR'll do what it's gonna do.
Trading a Double Top and Bottom
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309
Whadda we got, guys?
Post a Picture, the verbose responses are not necessary for this one.
Please Include Specific Measurable 1)Entry Trigger, 2)Stop, 3)Target.
Run What Ya Brung, Boys
Attachments
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Assuming a gap up on Monday, I would think Friday’s close of $753.00 should provide some support. If this support is taken out, I’m thinking Friday’s low of $681 would be the next potential support area. Nearby resistance is the $845 area, which if broken, would seem to put the $933 area in play. Obviously, action in Bitcoin, RIOT, and NVDA is worth considering for adjusting one’s expectations.
All in good fun, MrB, you know i love ya man.
All the assuming's, and would thinks's and potential supports and which if's,
would seem's, they are better in person so we can see the
associated handwaving, lol. Noooo noooo, don't be mad.
Hell, the Double Bottom Setup may not trigger.
Keep your eyes on your frys.
Entry Trigger, Stop, Target.
Save the Words.
Overnight, llmflyfisher, What's your system show you for MSTR for Next Week?
Step it up guys, we gotta give this thread back to the Moving Average Haters so they can continue the kvetch on those darn MA's, they so mean. lol
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Had to go to my ToS charts for stock, my Sierra is only futs. I am a scalper, and have not traded any stock options for many moons but here is what I see, and I do not have a "system". I am purely discretionary and a scalper.
MSTR has dumped app 50% of its value in 3 weeks. Clearly a blow-off top. Still remains a gap on the daily chart of 844.78 to 863.12, which could be filled next week IF price overlaps back up that big down weekly bar from last week. Price congests in a range after the murderous sell-off. If a trader were so inclined to trade this (I would not) I would look for a test of the daily lows down under 700. Test to the upside would have to be last weekly bar hi @ 932.81, probability of getting there? Possible, with weekly ranges at 200 to 300 points. What I would likely do if I was to trade this would be to sell some option premium (puts under 600) with some long puts under those as a party hat. IF I was going to trade this, and I have no intention of doing so. Implied vol on options should be sufficient to make selling a put spread viable.
Hopefully not too verbose for you asshats.
llmflyfisher, What timeframe charts do you like to trade?
Had to go to my ToS charts for stock, my Sierra is only futs. I am a scalper, and have not traded any stock options for many moons but here is what I see, and I do not have a "system". I am purely discretionary and a scalper.
MSTR has dumped app 50% of its value in 3 weeks. Clearly a blow-off top. Still remains a gap on the daily chart of 844.78 to 863.12, which could be filled next week IF price overlaps back up that big down weekly bar from last week. Price congests in a range after the murderous sell-off. If a trader were so inclined to trade this (I would not) I would look for a test of the daily lows down under 700. Test to the upside would have to be last weekly bar hi @ 932.81, probability of getting there? Possible, with weekly ranges at 200 to 300 points. What I would likely do if I was to trade this would be to sell some option premium (puts under 600) with some long puts under those as a party hat. IF I was going to trade this, and I have no intention of doing so. Implied vol on options should be sufficient to make selling a put spread viable.
Hopefully not too verbose for you asshats.
How about a Screenshot of a past
Entry Trigger accomplished with what you have been touting,
to accompany the OPTIONAL Word Salad?
Just mark where The Entry Trigger was.
What were the Wickless Candles saying?
Show Us.
Posting Pictures, How to...
Discussion in 'Feedback' started by Magna, Aug 19, 2014.
https://elitetrader.com/et/threads/embedding-videos-posting-pictures.285944/
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Had to go to my ToS charts for stock, my Sierra is only futs. I am a scalper, and have not traded any stock options for many moons but here is what I see, and I do not have a "system". I am purely discretionary and a scalper.
MSTR has dumped app 50% of its value in 3 weeks. Clearly a blow-off top. Still remains a gap on the daily chart of 844.78 to 863.12, which could be filled next week IF price overlaps back up that big down weekly bar from last week. Price congests in a range after the murderous sell-off. If a trader were so inclined to trade this (I would not) I would look for a test of the daily lows down under 700. Test to the upside would have to be last weekly bar hi @ 932.81, probability of getting there? Possible, with weekly ranges at 200 to 300 points. What I would likely do if I was to trade this would be to sell some option premium (puts under 600) with some long puts under those as a party hat. IF I was going to trade this, and I have no intention of doing so. Implied vol on options should be sufficient to make selling a put spread viable.
Hopefully not too verbose for you asshats.
you got a chart in there?
Posting Pictures, How to...
Discussion in 'Feedback' started by Magna, Aug 19, 2014.
https://elitetrader.com/et/threads/embedding-videos-posting-pictures.285944/
Thanks