Recent content by manraygun

2AM bar looks like the test. Possibly.

Bottom in? Can a selling climax occur on low overnight volume (low relative to the regular session but highish for overnight)? Is 2H chart long enough interval for analyzing move this size? (chart 1) Weekly demand line seems to be holding for now. (chart 2) Watching 6445 on 30 min for turn...

This describes me. Until I decide to quit my day job, I’ll focus on trading the daily. Given that, is my thinking here correct? Daily: there was break of the SL on Friday afternoon. This means the trader looks for a long entry. Zooming in via the 15 minute chart, the long could have been...

I get an apex closer to 4560. Am I drawing it wrong?

Thanks for the reply. Based on my reading of your book, I would expect that large buyers and sellers (market movers) who watch longer intervals are still well aware of the April - July range. I think it’s correct to consider the top of this range an area of past “intense interest.” As...

Resistance at top of April-July range, 4560?

Price approaching 4510 for the 3rd time. Short failure, long above?

I don’t consider myself an expert on entries by any means but here are a few reasons I can offer for waiting. There was a pretty steep ascent preceding the break of DL, meaning price might move sideways for a bit before reversing (if it does reverse). This wasn’t a situation where you have two...

Hourly trade op with entry on 1 min? .

Kleft, thanks for posting this. I’ve added a few other possible long entries to your chart and was wondering if you could explain why you didn’t take them. I think you passed on the first opportunity (a) because you were preoccupied watching price and saw no compelling reason for a reversal...

Thanks for these tips, db. Is this an example of what you mean by a line that immediately precedes a range line? The idea being that relying on the line at extremes helps navigate chop that often occurs in these areas? Whereas at non-extremes, keeping track of swings, stride, retrace size...

Interesting, Kleft, how you overlay the hourly on top of the five minute to create context. A question... I see how a bounce off the hourly hinge SL and the 2nd failure (at 0650) to breach the last swing high (made at 0315) on the five minute would help make a case for taking these shorts...

Trend change?

Gringo and anyone else who's interested-- Here's one of the charts I posted earlier, this time with notes on board. Hopefully it will be easier to make sense of. Thanks.

Thanks for your feedback and encouragement, Kleft. I appreciate your taking the time to look it over. I too found/find it a little hard to believe that price can be anticipated (in particular the shorter intervals) but from what others say (and demonstrate) and from what I’ve seen with my...