Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
OA,
1) possible. 2) possible. 3) possible, this is what I read.
We need a good setup : We want a condition that needs to be met before we consider entering a trade. The setup is a filter which tells us when the odds are in our favor but it is not telling us when we should enter the trade.
A clear trend is a good setup. Without good setups you are lost in the market.
There was no good setup on the Amazon chart. Can you post another US stock, like CONE or QCOM, or both.
GO
1) possible. 2) possible. 3) possible, this is what I read.
We need a good setup : We want a condition that needs to be met before we consider entering a trade. The setup is a filter which tells us when the odds are in our favor but it is not telling us when we should enter the trade.
A clear trend is a good setup. Without good setups you are lost in the market.
There was no good setup on the Amazon chart. Can you post another US stock, like CONE or QCOM, or both.
GO
ding dong a song
do we go long
or wait to see
if trend it be
what of this trend
that mind can bend
is it so real
that I can steal !
now what if tick
is big like stick
does it for sure
make trend so pure !
the tick has flaw
drop many jaw
to make some sense
just look in tense
they speak of thing
that does not ring
more dollars flow
from TIME you KNOW
do we go long
or wait to see
if trend it be
what of this trend
that mind can bend
is it so real
that I can steal !
now what if tick
is big like stick
does it for sure
make trend so pure !
the tick has flaw
drop many jaw
to make some sense
just look in tense
they speak of thing
that does not ring
more dollars flow
from TIME you KNOW
OA,
Please give me a clue for the set-up:
CONE: is it the open of bar #6 or # 7 .
Are you talking about set-ups or entries now? The open is part of the set-up. As are HLC. After a qualifying set-up you need an entry. A set-up is what you use to make a selection before market opens. An entry appears or does not appears after the open. # 6 and #7 are the first set-up. Second is #7 and #8. Third is #8 and #9. Fourth is #11 and #12. I spot a possible good entry in #8, but I can only be sure in 5 min. chart. I checked and it did, but you had to be swift.
QCOM: open of bar #8, or earlier #5?[/QUOTE]
#4 and #5 do confirm as a set-up. No entry though at #6. #7 and #8 are the first set-up. Second is #8 and #9. Third is #9 and #10. I checked #10 in the 5 min, it gave a good entry.
GO
Please give me a clue for the set-up:
CONE: is it the open of bar #6 or # 7 .
Are you talking about set-ups or entries now? The open is part of the set-up. As are HLC. After a qualifying set-up you need an entry. A set-up is what you use to make a selection before market opens. An entry appears or does not appears after the open. # 6 and #7 are the first set-up. Second is #7 and #8. Third is #8 and #9. Fourth is #11 and #12. I spot a possible good entry in #8, but I can only be sure in 5 min. chart. I checked and it did, but you had to be swift.
QCOM: open of bar #8, or earlier #5?[/QUOTE]
#4 and #5 do confirm as a set-up. No entry though at #6. #7 and #8 are the first set-up. Second is #8 and #9. Third is #9 and #10. I checked #10 in the 5 min, it gave a good entry.
GO
Thanks!
It looks like you're paring them;
1. it's starts with a good bull or bear bar
2. the next open is important, just as the developing price action in relation to the former OHLC
3. entries are made on a smaller TF (e.g. 5 min.)
Do you use the same method (possible daily setup) for your entries?
Yes, hardest part, not to get punished by greediness.