ziebarf

Short triggered.. Moved the stop up a little bit to compensate for another swing high. EDIT: Caught Break, moved stop to BE EDIT2: Took half off around 1.4553.. Its late and I have been traveling all day, lets hope I wake up to PT2 being filled

Looking for a short on the EU

EU is chop suey at the moment.. Moved stop up a few ticks to next swing.. EDIT: Trade is toast, stopped out. Looks actually like a decent short has formed.

Long at 1.4764 on the EU...

Have to go for the weekend, moved PT2 down for an early close. Have a good weekend guys.

Went long on the EJ @ 132.82, stop 132.74 Got PT1 @ 132.88 put stop on breakeven.. PT2 at 133.11 I was originally looking for a long on the EU, but the pattern was better on the EJ. Thats the beauty of a multi-market approach I suppose

I believe these are the relevant ranges of the EURUSD. Tops/bottoms are blue and the midpoints are rosy brown. If my analysis is correct, a long trade might be setting up here.

looks like we are a go go on eurusd short.. EDIT: Ooops. Looks like I am shorting into support during an uptrend. I would be amazed if this trade works out

Am I seeing this right? I get the idea, trading the reaction off of support or resistance. Just making sure I am looking for the correct sequence of price swings. So as I see it, there is a HH, HL, LH. So the LH is kind of the disruptive swing that might clue to the sentiment of price? Also, if the market opened and went on to print a HH would I just disregard the trade and look for a different setup? I guess if price made a double top the trade would still be valid.

I'll play. Looking for a fill on this long at 1.919 on EURUSD. BE is the pink line. I am traveling around SE Asia right no, so these posts will be few and far between. EDIT: No fill, bailed on trade. Short looks alright from here, but we will see how the breakout holds up. It is beautiful in Cambodia, hopefully the internet stays up

And for the ES tomorrow.. Longs off of 57 and shorts off of 69. Failing that, longs off of 50 and shorts off of 76.

For those of us using ninja or other software that sucks for continuous contracts, this website http://timingcharts.com/index.php has nice clean charts that date back many years for most futures contracts As far as the current state of the market, I am kind of iffy basing trades around 1754 as it has been choppy in the region. I think I am going to hold out to base trades off of 1744/1730 or potentially 73 if the price action is just right. EDIT: Here is my higer timeframe chart for tomorrow (zoomed in on relevant area). The orange lines are the midpoints of the ranges. The VAP paints a different picture for this area, but this range looks the most logical to me.

Like poetry in motion. I don't want to make predictions, but I wouldn't be surprised if we see some downward motion to the bottom of this range (1730). Although it might just be a smaller range and 1740 is the bottom. I am having trouble reading the VAP for this area, so I am just going off price action here. Anywho, market looks like it is coiling, maybe we will get some nice moves this afternoon. EDIT: Looking at the VAP, 1740 looks to be the bottom and this appears to be a really tight range

Closed trade, this one worked out well. I threw a 20EMA on there to help keep me in the trade.

Re-reading my post, my thoughts were a little convoluted. Essentially I am trying to measure the strength of support and resistance with Today had some great action, I switched the charts to candles to make it a little more fitting with this forum. I also changed from a twenty period EMA to an 8 period EMA. Ideally I would like to enter on a rejection of a support or resistance level when the EMA switches side of price. This is better illustrated in the chart I have attached. Attached is two things, the current trade I am in, and the S/R levels I will be hunting for. I have noticed there is some discrepancy in the way renko bars and candles print the stochastics, so I have decided to stick to candles for now. Reasons for the trade are annotated on the chart.

Forward: First of all, this doesn't completely involve candlesticks, but they could easily be incorporated into the method. This forum seemed to be the best place for me to post this study, if not please feel free to move it/delete and I apologize for the inconvenience. For a little background on me: In my trading I have been a student of support/resistance and volume with an emphasis on trading naked. I am still new to this (been at it for around a year). My biggest issue with trading by support and resistance was finding confirmation for my trades. Price patterns and volume divergence seem to work well, but I am curious for more. A few days ago I started playing with some of the classic indicators and think I might have stumbled upon something. In this thread I will try and document some of my findings and hopefully spark some discussion. First of all, the strategy relies heavily still on the use of support and resistance. I find these levels by looking for ranges and natural swing points on a larger timeframe (thank you Dbpheonix for shedding the light on AMT) ala the last chart attached. Findings: When price arrives at one of these levels, I am looking for the stochastics to be in either the overbought or oversold areas. After that I watch to see how the stochs behave. If they ramp off to the other extreme, it might indicate there are sellers/buyers at these levels (best explained by the chart case3). On following tests the stochs should appear the thin out and not break into the extreme levels as much (this however is not always the case but the ideal situation). This again is best explained through the charts as it is difficult to describe without visual reference. It should be noted that I am only watching the stochastics at and around the levels of support and resistance. The EMA is used to help filter out trades (specifically breakouts) and even offers potential entries after the reversal or breakout has occured. Breakouts are tricky really, but ideally the stochastics will remain at the extreme level in the direction of the breakout and price will be closing well above/below the EMA. Entries and stops are the tricky part and everyone has different rules, case4 illustrates how one could potentially enter a trade. Again, I am just trying to record my adventures with stochastics and none of this should be taken as an absolute. We all know that in trading, nothing works every time.

Fantastic S/R day. Even for other markets, like the ZN. On a random note, I am loving renko bars lately, they make spotting S/R a little cleaner for me.

Looks like I have the same levels as wrusjnack. I am having trouble determining the current range, I guess only time will tell.