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blocp
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Everything posted by blocp
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hi niko what is LOLR?
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i find it helpful to look at the 60min wave chart to see how price has moved through out the session, even when trading EOD, i think it's up to you how you view the market
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have you spent much time studying section 7m from the original course as wyckoff suggests by printing off the charts and hiding the right hand side while reading the text, it's something i have just started to do over the last few weeks, maybe an hour a night and it is really helping with trader behaviour.
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hi Niko thanks for sharing your setups, i'm just wondering if this is making trading to mechanical and you would be hitting trades regardless of what traders were doing with regards to pace and effort vs result. i don't mean any offence by this post as you are putting far more effort in to your trading than me at the moment.
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looking forward to your posts
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look forward to following along Niko
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could be either, with out seeing the left hand side of the chart it's hard to tell
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didn't really know where to post this as my time scale is the first 90 minutes of the session this might be a good place. I have started my backtesting over the last few nights and have just browsed through 20 odd 1 minute charts for the first 90 mins, the dates are jan 14th to feb 15th 2011 and i don't seem to have come across many hinges, i was expecting to find more than i have considering the amount that came apparent while sim trading in october/november 2012, while in chat. just wondered if anyone else had back tested this period and if i am missing something, i am wondering if they are easier to locate in real time bloc
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here is my analysis for today
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here is my journal entry for yesterdays session.
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here are my charts for today, i missed yesterday due to having other things to tack care of but have taken into account what happened when reviewing the charts, what I have noticed is that by just missing 1 day it can throw you of track somewhat.
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here are my pre session charts for today:
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here is my analysis for today. we seem to have hit the SL that niko pointed out thats on my 1 hour chart, lets see what buyers can do?
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here are my charts for today, we have had some ranges on the 10 minute TF, today but I am thinking that it is past ranges that will have more impact as SAR.
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here are my charts for today:
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why can't I paste charts aaaaaaaaaaaaaa ?????????? here is a 1 minute chart posted old school, can't seem to get it to paste full screen......
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thought this might go nicely with Db's last post, some of this might clash with Db's charts but this is from my journal and I just wanted to share it. can anyone tell me how to post a chart in the post not in the attachments box please?
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here is what I see on the EU, price has risen quite sharply and has found R at the mid point from the range to the left, it has formed a LH a HL and then hasn't been able to reach R again, now as pryme time pointed out looks like a hinge, if we break out to the low of the hinge our next point of S is the midpoint of the second hinge, if this fails we could find S at the midpoint of the lower hinge if we break to the upside we could find R at the 2nd range to the left midpoint, if price pushes through this level the 3rd range to the left midpoint could be next. there are also the R at range highs, lows to pay attention too.
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thanks for the light crude charts gringo, looking at the daily with the amount of ranges that you have pointed out, one could see that this is possibly heavily traded intraday. also if i'm correct we don't seem to be oversold yet in the current down wave, possibly with lower prices to come at some point. just my thoughts
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nice analysis tomer, what is the green line that seems to be following price?
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PB = pullback RBS= resistance becomes support, i,m fed up of typing it in full SBR= support becomes resistance,
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here are my charts for today,
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here are my levels for today, price seems to be stair stepping lots of overlapping of price areas of interest
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I had replied to eminiman in the the ask any question thread, ok there was a lot of bollocks before I got to the point but it was there at the end. First go over my 1 tick charts I have posted look at the descriptions that are related to the arrows, most of what I write is the first thing that comes into my head while price is moving in RT and it changes every day, but it is something solid to refer back to even if it is rubbish. (how will I improve if I have nothing noted down to improve from), I can build on this as time moves on which is what I've been doing, draw the minor SAR lines in RT and see how price moves between them. I keep the scale down to what you see on the charts just so I can see the price movement, I don't care if I see every tick singled out on it's own, (this was how I started viewing it a few years ago the scale was set just so I just had 2 or 3 lines of ticks running across my screen, I couldn't see anything it would come to a support line and before I could see it react with SAR, whoosh it's gone, which is probably why I threw in the towel and probably looked else where for a so called easy way out of hard work, i.e. VSA, as I thought I couldn't do what I believe to be the truth and cleanest way to trade. what you are looking for is what your eyes will let you see, I found that my eyes will let me see everything that I know about trading and have read over the past 3 years that has any value to this way of trading, this was my big aha aha aha moment. I wouldn't even think about volume, especially on the smaller TF below 1 minute, I only have it on the chart as I like the way it keeps the price area higher on my screen. don't even think about trading, entries, exits or stops, if you can't read the price how are you going to know when to trade. think about waves, buyers, sellers, pressure, testing all these thing are important first. just let your mind go relax and enjoy the ride, give it 90 minutes a day if you can last that long, it might be a good idea to forget chat while starting this as you will need to focus. good luck bloc
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hi john I think you mean anticipated a HL after the 14:20 swing high, is this correct? I would say that volume declined on the first PB, I think the declining volume on the way up could be in context with the opening minute being more volatile but I may be wrong I wouldn't say that volume decreases on the way up to 02, but there is increased volume to the down side on the first RET and decreased volume on the REV as you pointed out so a short trade possibly depending on major SAR, could you please explain a compression bar to me please? I haven't paid any attention to angle of decents but would be interested to hear your thoughts, I would have taken the small hinge BO and once this failed wouldn't have traded till the BO RET of the bigger hinge, I don't know if this is what you wanted me to do but thanks for giving your take on the chart bloc
