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Soultrader

Market Wizard
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Everything posted by Soultrader

  1. Soultrader
    Notouch, Colors for important dates? Im not sure what you mean by red, orange, yellow symbols.
  2. Soultrader
    Thanks walterw. Any chart work that can show the coil would help tremendously.
  3. Soultrader
    Welcome to Traders Laboratory JLOW. Good to have you on board. Alot of the concept here may seem overwhelming to you at first but in fact they are rather quite simple. You will fully understand them in no time Good luck on your journey! James
  4. Soultrader
    Yea I just added the forexfactory calendar on the site directly. Take a look at the new economic calendars
  5. Soultrader
    JLOW, Try picking up Tape Reading And Market Tactics by Humphrey Neill. Its a great book to get you started on price and volume.
  6. Soultrader
    Hi JLOW, I made a video just now on it. Its very brief so just use it as an example only. http://www.traderslaboratory.com/forums/f10/market-analysis-multiple-timeframes-1253.html#post6451
  7. Soultrader
    This is a video using multiple timeframes for market analysis as requested in the forums. It's a very brief analysis to try to point out some examples of how I use multiple timeframes to identify price levels. CLICK HERE TO VIEW VIDEO Charts created by Tradestation Presented by Traders Laboratory Note: I accidently made the width and height super big.
  8. Soultrader
    Thank you Art for your comments. I find the Forex markets a completely different game from what I am used to. I feel like Livermore moving from the bucketshops to the brokerage house for the first time. The tape is lags and is uselss! Art, you have it right on the point about fundamentals. I have been studying a couple pairs based on technicals but these news will break through any pattern S&R like it never existed! I try to get in on the reaction from the news in the futures market but it seems like with currencies, once they go they never look back. I may have to develop a strategy using bracket sell/buy orders.
  9. Soultrader
    Hi GCB, Thank you for the follow up. By rest of the market are you referring to the other emini futs or major cash indexes? Because the YM did a similar thing..... a fake out move down and then reversal back up. A very good point indeed about the ER2 closing near its highs lately and the frequent afternoon rallies. This is something I need to keep in mind. Regarding the initial setup, would you bracket the range at the morning low? Where would you bracket the high of the range? Thanks alot GCB.
  10. Soultrader
    Hi Walter, Thank you for sharing this with us. I have a question. One of the things that I have trouble with is breakout plays during the lunch hours. I have seen way too many false breakouts that I have drifted away from this setup after the morning session. My question is this: How do you bracket your range? Do you take the morning low and doldrum high as the range? At what time do you decide to take a breakout? In other words when does the doldrum end for you? Do you always consider a continuation of this breakout as a move for the afternoon session? Thanks.
  11. Soultrader
    Could you explain a little on that chart? I see alot of trendlines but how do you determine entries? How do you draw your trendlines? etc..
  12. Soultrader
    I draw those in manually slableek
  13. Soultrader
    Are you referring to the red horizontal line? That is just the value high pivot which I plot in manually.
  14. Soultrader
    Is this the chart you are referring to?
  15. Soultrader
    Hi Happyguy, It is not equal to a 5 minute chart. I use 600 tick for ER because a trading buddy of mine (Torero from this forum) recommended it and I found it useful. It is a matter of trader preference.
  16. Soultrader
    I understand that is an option. But rather than avoiding it all together I would like to gain new insights into afternoon trading so I can come up with a strategy. Trading small when in profit is an option as well but I only do so when I dont feel comfortable with the current market condition and trading setup.
  17. Soultrader
    Maybe try with Firefox?
  18. Soultrader
    Hint: That was a good hint!
  19. Soultrader
    Steve, I have mentioned this to another member on the forum looking for tips and advice on a stock. Please look here: http://www.traderslaboratory.com/forums/f25/adsx-nasdaq-1234.html#post6296 We are not a forum to provide stock tips like "Buy stock ABC now!". We focus on sharing and helping traders improve as traders. The forum philosophy is learn to trade or be the sucker! I hope it makes sense.
  20. Soultrader
    Short video on a short setup using Fibs, Volume Delta, and pivot breaks. For those who are not familiar with volume delta, it is an indicator for TS developed by walterw. It plots the number of contracts bought at the ask versus the number of contracts sold at the bid and plots the greater of the two on top. I have developed a way to visually identify turning points by using a color divergence between the Heikin Ashii Trend and Volume Delta at key price levels. Basically, if the Heikin Ashii Trend indicator is blue but the Volume Delta shows more selleres, a red dot will appear on top of the price bar. Vice versa for red Heikin Ashii bars. CLICK HERE TO VIEW VIDEO Charts created by Tradestation Presented by Traders Laboratory
  21. Soultrader
    My strength as a day trader lies in the morning session. I dont have trouble finding setups during the morning and I usually have levels that I identify premarket that I focus on at the open. Although I do not lose in the afternoon sessions, my weakness lies clearly during this timezone. I have trouble identifying setups and usually miss the nice afernoon reversals. An interesting comment was made in the chat room today by GCB. It didnt strike me at first but I was going over my trades after the close today and this comment triggered in my mind. I realized that I need to add further method to play these reversals myself. The comment refers to the ER2 breakout from todays chart. I would love to hear other traders thoughts on identifying afternoon turning points and strategies. How do you guys decide whether a market will reverse or continue in the initial direction of the trend? One method I use it by using fib retracements but then I would be getting a pretty late entry on the long side. (break of 61.8% retracement) Thanks
  22. Soultrader
    We do not allow any spam posts on our site. Thank you for understanding.
  23. Soultrader
    Robert, I use @YM for my charts and time of sales. I use the current symbol which is YMH07 for the matrix. Usually what happens is the price on the matrix and the charts will not match if the matrix shows the old contract. You can tell right away if you are looking at the old contract or the new one. Regarding those dates.... maybe you are right? hehe.. i never pay attention to them myself. I always have people reminding me its rollover day
  24. Soultrader
    Excellent Walterw. Thank you very much for this. I will give it a try and keep you posted
  25. Soultrader
    Here is an interesting setup I took today. I am using the TTM Trend and Volume Delta indicator. What the volume delta does is takes the buy volume vs sell volume and places whatever is greater on top. The dots are part of the divergence you see between the TTM and Volume Delta. So if the TTM remains blue but there is more sell volume, it will plot a red dot. If the TTM remains red and there is more buy volume, it will plot a blue dot. The basic concept of this dot is to use it at key pivots/price levels. Alot of the dots are noise so it is very important to use it only at S&R level or a level you are looking to trade. The chart shows a fib retracement line drawn from the beginning of the downtrend to the swing low. What I usually look at is the 50% fib retracement in a decline. Now right at the 50% retracement line, a red dot appears indicating more sell volume. This is the first signal for a short setup. The second signal is a price break below VAH. This is not a mechanical setup but a discretionary one. I dont look for cases when the 50% retracement is above the VAH. All I did was plot a fib line... saw sellers at the 50% and then shorted as prices broke below VAH. Notice the last few bars on the chart. We have a red price bar (TTM) with a green dot. You can see that shorts are starting to cover at this point. Happy trading
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