tenbobtrader
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Back at desk now. The 18-19/08 candles printed 7pts out of 8 in favour of long against 14EMA so I am long from 4690 Close last night, Stop at 4648 (Low of 18/08). May take some profits early but certainly by time we next close below 14EMA if positive.
tenbobtrader
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NDX - short trend (day) down
3 up bars = would be 1st cont of trend @ breach pdl 1593
Andy
tenbobtrader
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Hi Jon
post for interest only Jon, how I see it
are you rule changing again ?
its not christmas and cannot see how Aug bank holiday lets you off hook this time
"it's a bit messy, andy"
errrrr whats a bit messy ? looks like a chart with usual price action to me Jon
NO - do not do 2 day charts Jon, you can if you want
I do 1/4, month, week & day
3 clear up days in short term timeframe (swing trend down as per rivailand method/ no grey areas) on the potential leader of the pack
all best with your long and hope your 2 day ftse chart shows that upthrust up a whole lot better or pinbar is it ?
time will tell, trade well
latter
Andy
Looking back at 14EMA crossover trades from Oct 03 - 93 trades, only 50 profitable, and draw-downs are painful, as entry is at Close of Day 2, stop is far away at opposite extreme of Day 1's range. Net result using this stop setting and failsafe exit with profits = +1,600pts.
But poor net result of core method hides true potential - possible 9,800pts on table if same stop applied but taking best possible exit. If only a fraction of this excess is actually banked, method becomes much better performing.
Next objective cut losses.
But poor net result of core method hides true potential - possible 9,800pts on table if same stop applied but taking best possible exit. If only a fraction of this excess is actually banked, method becomes much better performing.
Next objective cut losses.
barjon
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Hi Jon
post for interest only Jon, how I see it
are you rule changing again ?
its not christmas and cannot see how Aug bank holiday lets you off hook this time
"it's a bit messy, andy"
errrrr whats a bit messy ? looks like a chart with usual price action to me Jon
NO - do not do 2 day charts Jon, you can if you want
I do 1/4, month, week & day
3 clear up days in short term timeframe (swing trend down as per rivailand method/ no grey areas) on the potential leader of the pack
all best with your long and hope your 2 day ftse chart shows that upthrust up a whole lot better or pinbar is it ?
time will tell, trade well
latter
Andy
rules is rules, andy
good job i'm not trading ndx
jon
tenbobtrader
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rules is rules, andy
good job i'm not trading ndx
jon
Hi Jon
just posting a chart from an instrument that looks like it prints nice clean signals unlike some of the others
easy one to learn on maybe, not very messy imvho
later
Andy
tenbobtrader
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rules is rules, andy
good job i'm not trading ndx
jon
Hi Jon
very gracious of you to allow me to post 1st
NDX must have fixed the flat tyre
short term trend back to up
NDX not leader of the pack
bringing up the rear
good call Jon
later
Andy
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barjon
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right or wrong i'm all gone 'twixt 4850 and 4830 - will look for re-entry via hourly if 4800 holds, otherwise it's wait for a 3 bar pullback.
good trading
jon
dr.blix
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on nothing other than just looking at the FTSE daily, could anyone else simply picture a retracement to 4500 (pausing @ 4625 first)?
look at the action from the march rally.
the major support was the high before the drop.
the last major support before the july drop was 4500, just looks too good a support level NOT to visit again!
look at the action from the march rally.
the major support was the high before the drop.
the last major support before the july drop was 4500, just looks too good a support level NOT to visit again!
london_lad
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Hey guys / blix. Any suggestions for FTSE's EOD/Swing trading setups? I noticed a few of you mentioned your strategies, etc. But no details on the setups/strategies. Will appreciate any help from you.
London_Lad: Newbie to trading
London_Lad: Newbie to trading
barjon
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hi london
the whole thread relates to a swing strategy - 3 bar retracement. The basics are here - T2W Day Trading & Forex Community
In addition you'll find a few other nuggets from tomorton and others but you'll have to trawl through the posts to find them I'm afraid.
good trading
jon
the whole thread relates to a swing strategy - 3 bar retracement. The basics are here - T2W Day Trading & Forex CommunityIn addition you'll find a few other nuggets from tomorton and others but you'll have to trawl through the posts to find them I'm afraid.
good trading
jon
Cheers Jon.
Still waiting to pull the trigger on the FTSE but short on S&P from last night's close on basis of two closes below 14EMA. Tentative maybe, I appeciate where I went short is also a putative swing low in an uptrend, but when price is dropping I feel better being short.
US holiday weekend coming up of course. will that have any effect?
Still waiting to pull the trigger on the FTSE but short on S&P from last night's close on basis of two closes below 14EMA. Tentative maybe, I appeciate where I went short is also a putative swing low in an uptrend, but when price is dropping I feel better being short.
US holiday weekend coming up of course. will that have any effect?
B
Black Swan
barjon
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:whistling Looks as if I made a right pig's ear of that. At least I got a third of it back on at 4845 on Friday, but should've stuck to my exit rules.
good trading
jon
