The rest of the day, price moved laterally between the Weekly and Monthly pivots. This is not unusual. If a trader had done his/her homework...
Finally the importance of keeping at least one unit on in case the trade runs in your favor. As you can see, this trade continued to move...
Here's how that trade played out As you may know from reading my previous posts, I suggest that traders look for 10 pt moves, scaling out at 2,...
We have established that on the open, the market "drove" up and ran out of gas so to speak.....Market Profile defines this as a "failure" and as...
Okay then, installment 2 "how to plan an opening trade" First, understand that the earlier a trader can establish favorable trade position, the...
Your welcome Derrick I am home from vacation and thought it might be interesting to see an example of how a skilled trader might use available...
At this point I think we are getting the limit of what a struggling trader can make use of....I will however post this chart to show what one can...
The envelope is setup around a single moving average. The concept is simple. Right click on an advanced chart (anywhere on the chart) and you get...
Okay, I don't want to leave you stranded as regards the subject of trend. You may or may not understand what I mean by "envelope". If you have...
Yes, those are moving averages. The charts are Esignal and the blue is an 80 period weighted moving average, the white is a 200 period weighted...
Indrionas What you have there is what I (and many others) call a "detrended" data series. When you translate from absolute numbers to "jumps"...
Here is the next chart. I didn't trade it but I hope you can see what the setup is On the re-test, we see a doji and entry on the next candle...
On this next trade we see a classic "peekaboo" move as locals try to trigger stops for a move down...When it doesn't happen, we immediatly look to...
On the exit of the prior trade I am looking immediately for a retest of the MAs As you can see, price does re-tests and we have a decision to...
The next trade is a long entry. I let price show me where it intends going. notice that the shorter MA (blue) is above the longer (white)...
Here is a chart showing the stopout. For me this is the single most difficult judgement to make. Whether to stay with a trade or get out before...
If you want to trade Options Expiry then I suggest you trade small and cautious. On this first chart I show the open and first short entry....
you bring up a couple of good points. Obviously there's more than one troll on the site... No challenges to entry, so anyone can decide to...
Since you don't permit PM, let me reply to you Harold right here. Take a look at what happens when you let the inmates out of their assigned...
You know, you are right....I have to admit Thanks for bringing me back to the original point of all of this and that was to make this a...
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