Always better to get a % of something..., than a whole lot of nothing Makes for a consistent..., and long term trading career RN
I am still going forward with the idea that it can be done because I see so much that to me makes sense. But here is the thing. If you say you trade behavior, this means you are watching price move.. correct? If you have a level in mind, this means you see if the move down to this level is quick, and you see how this rejects. If all you ever did was look at a 1 min bar, you would see a big bar their either rejects, or perhaps a big bar that breaks through. My point is that by seeing how the bar forms, this to me means you're dropping below the 1 minute, even if you might not be looking at how it prints via 5 sec bars, your eyes have seen the movement. Heck, even stuff is lost within that 5 sec bar. Seeing those thrusts that happen in 2 seconds seems important, and especially if that thrust down is immediately bought back up or not. But if you don't agree with any of this, then perhaps you could better explain how you're trading behavior? I know you have said that you want to see price move in real time, so you couldn't just come back to your computer every minute to look at the 1 min bar and have all you need.
Absolutely And / but - past context is not a forecaster - but rather a measuring stick And / but - current context (what price is doing right here / right now) - often times is a forecaster - of what price is about to do There is a distinct difference in the usage of these two RN
I trade off the 5 min - this never deviates I use the 1 min for a micro view of how the 5.., and even the 15 min bars - are formed If I use the terms - thrusts / rejections / volume coming in / failed attempts / head fakes / no follow through / one sided control / pressure / traps (and there are several more) Do these have any behavioral meaning to you Would seeing these - impart any meaning as to what was going on between buyers / sellers - or what the intent behind these were Could you pick up on - where the elephant foot prints reside (and which side of the tape they're currently on) Could you pick up on who is.., and who is not - currently actively trading (BSDs vs MM vs just the HFT running rampant) If not - then it near impossible for me to provide a sense of what behavior is..., what to look for/ key off of Rather its going to take sitting in front of a live chart till it comes into focus - and makes sense And it going to take clear eyes and a clear head - to get past the - price movement is random crap/ stuff we impart through thought / wants / needs crap Price movement is a very well orchestrated /choreographed event - happening day in and day out - over days / weeks / months / quarters / years / even decades - shtf notwithstanding RN
Often times, yes actually. The trick is to not get sucked into it once price has taken off. For example, it watching a level at 4400 (the NQ), I see price shoot up, and I didn't get in, then looking for more of this behavior at 4405 or 4410 is just the algos messing around. So often I see on the 5 sec chart how longs get shaken out (depending of course on where their stops are). The best stop placement is one beyond a critical low, the so called danger point, and the only way to get into a move with a tight stop is to get in on a lower time frame chart. Waiting for the 1 min chart to tell me is too late, the stop is too wide. I could of course always just buy levels of support that I think will hold, that I expect to hold, or simply that hold 30% of the time and use a R:R that has a positive edge. But buying blind a support level I'm not super happy with... so I need a better filter. This price action is that filter for me. Perhaps FB trades a bit different than futures? I've never seen price move in real time with FB. But its very much a work in progress still, so I'm not sure how far I can get with this just yet.
Btw - This is not fact because "they" own the mkt - mkt is way too big But "they" do own/ manage / control - the process RN
No clue because I don't trade futures (I do invest in them) PA.., is PA..., is PA..., is PA - it the universal language of the mkt Just as math is the universal language of humans (and possibly even extraterrestrials) RN
Long or short? Where's the next best trade? Where are the elephants positioned? How do we work it out? Any limit order ideas for your own trades? (5min European furtures chart)
Im a scalper, a daytrader, a swing trader, a position trader and finally investor, I rarely look below the daily chart.