Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
PrymeTyme
-
Content Count
102 -
Joined
-
Last visited
Everything posted by PrymeTyme
-
zzzz... wassup ?
-
-
any plans on a HL , DBL bottom , , Dog that didnt bark ? or a break ?
-
next up..
-
watch..
-
First of all , iam not saying that this is a winning strategy !! .. but a frame work where u can start to build a plan based upon... yea , i guess its not the answer u where looking for.. but noone can help u find ur answer of beeing profitable/consistant/ and comfortable trader ,thats all upon u!!!! Extremes are , support/resistance.. or AMT wise the outer limits where price gets rejected as unfair.. (high or low) that is..(Sup/Res.) where price reversed more then one time.. it can be a straight horizontal line.. or a diagonal line.. ie- a channel.. a channel is nothing more then a diagonal trading range... an extreme can happen during an intraday session aswell . like u mentioned.. but in the end an extreme is an extreme no mather what timeframe u r looking at.... u know what i mean ? cheers
-
i encourage everyone to set your focus on the extremes.. for example.. if price trades towards a "resistance" level.. what could possible happen ? right either price reverses or its breaks out... thats all there is to it.. now , we all have been there .. as soon as u enter a reversal trade.. based on a broken DL and a retr. which even forms a LH .. but price pretty much goes nowhere.. just drifts along your entry at best... most get nervous... and are like WTF... but u can give price some room at the extremes.. even if it goes the otherway at worst u make a small loss.. so what... u will get a chance for a re entry eitherway.. ie. a breakout+ pullback .. or a rev. and if the next entry again doesnt work out (fakeout)(shakeout).. so what.. 2 small losses in a row... oh my.. just step aside.. and wait till u get a clear view... no one has to be in the markets all the time... wait till everything is in its place..
-
if ya trading, its a never ending task.. there is always something wich could be mastered better.. but the question is ... are u reverse optimizing ? ... (dead end cycle) u know , u cant be correct all the time.. but if u have a sound knowledge and a plan.. which in the end is profitable.. and gives u the feeling of consistence.. ie.. making profits in the long haul.. there is no need.. to improve every entry / decision... ... even if u backtest .. and see something which isnt quite what u are looking for.. ie.. it worked X times but then all of a sudden it doesent seem to fit in your perspective..ie. doesent work out as expected.... so what .. anything can happen! even more so.. if u trade live and make decisions.. as it happens... u can only make decions based on your experience.. but keep in mind.. that anything can happen.. both ways.. either propell ur profits.. or.. ( a small) loss ... u need to find peace with it... else u r running in circles
-
well the TA implys just that! if 1.3700 has been the fair price since 2009 .. and its Now an unfair price (rejectet) .. in terms of to expensive... .. aswell as . the fact that we made LH LL .. before th fair price got tested ....,,,aswell as the selling pressure is higher atm.... its almost obvious that we might test the lows of 1.1900 ... before we go any higher by now
-
uhhh yea ! thats surfing .. my alltime fav. quote : the surfer: The best explanation of a plan is "the surfer" who goes surfing. Goes down to the sea. Checks the weather conditions. Is the surf up?. Is the breeze on-shore or off-shore?. If the conditions are right, jumps on the board and paddles out 300 meters. And waits. Waits for the right wave. There are many waves. The key is to pick the right wave. Don't want to pick one too soon or too late. The choice of wave comes from seasoned experience. Not a surfing plan. A surfer does not go out surfing with a surfing plan in mind. The conditions of the moment on the day will dictate the play. Depending on the conditions, what was a good wave yesterday might well be a poor wave today.
-
Sorry Couldnt resist ! It works . . .
-
[ame=http://www.youtube.com/watch?v=G0HvpwTS1xc]Ezra Furman and the Harpoons "Take Off Your Sunglasses" - YouTube[/ame]
-
gotta be prepared .. 15 Min HLF
-
ooops Daily: Hourly:
-
i dont think iam doing anything wrong here guys.. just some exerpts of the OG wyckoff course .... .
-
well , first i probably would have taken a short at the retest of broken support (24) , as we have a nice selling wave accompanied by increaseing vol. , then on the retest we see that vol actually drops off! , so i would have taken a short there , but as u see it would have been a loss , and no i wouldnt have taken a long where u did , as to me its not enough signs of strenght till this PA , for example look at the rather low vol. break back above 24.. wich by now is rather an obsolete level , as price didnt really respect it like it did before ... and the HL u drew.. well for me its way to clustered and small.. just like price sitting there going nowehere.. just tumbeling along i dont like to take such unclear Retests or Pullback as entrys.. i want them to be clean... and well , now in hindsight , its hard to tell any unbiased story but iam not sure if i would have taken a long position on this chart and if i did, i would much likely be at the.53 pullback.. as till this level. we have much more clear signs of strenght .. ie. strong rallies, and weak reactions and taken out some levels along the way .. and no i wouldnt have taken the bounce .. as yes i want to see bulls coming in.. and see strenght returning .. hope this helps cheers
-
For now Yes , 24 acts as support , but the rallies wich occure after we hit support look rather weak so , with the stronger selling waves in the background , this could just be a resting place for the time beeing ,, till we move lower what do we have in front of us ? well we have a downchannel with stronger selling waves then buying waves we found support at 24. we left the supply channel we have actually less interrest at support (volume) and reactions afterwoulds (rallies) we do have still weaker rallies and stronger (steeper) selling waves.. so i would rather be carefull buying support and if so manage it tight but i would wait for example and see if the next rallie cant get past the 50-60 percent mark of the actual selling wave (correction) .. wich would add to weakness .. so one could play a breakdown .. wich would be aggressive but in lieu with current action or u wait till we break + retest the level of 24 and enter a short from there OTOH if we see strenght returning and buying waves getting stronger u aswell could buy a higher low at supportish level... just wait .. as there is a current tug of war .. or indecision but slightly in the favour of the bears thou.. as the bulls are in charge, keep in mind selling support is a risky buiz and u need to know what to do ie. your plan cheers
-
well the funny thing is , u only know it in hindsight! funny isnt it ! but thats how it is u may know that a potential selling climax is forming and therefore u may lay out a plan how to trade such a scenario ... as a selling climax only is one after it has been retested and it held.. same for buying climax... an example.. on HLF herbal life Daily TF... we have evidence of a potential selling climax here .. and we are on the way to test the lows of it.. but it looks like we may .. find a higher low atm.. where at least for my trading plans.. a Long setup would be justified on the break of the actual bar .. whereas .. i even would consider a reverse if the long play wouldnt play out (long1) .. cause we have not ,much interrest as seen on the volume ie. activity... yes we closed on the highs .. but u want to see more bullish activity the more the better if ya play the SC to soon.. .. ie not near the lows of the SC.. therefore .. u should be ready .., to even reverse the long position and take a short ,, playing the Retest of the lows Of the pot. SC.. (short1 rev.) .. as u can see u have to lay a plan ahead before jumping in... especially that soon... from then on other scenarios .. come into play aswell.. if PA dictates o fcourse.. as on Short 2 a range may develope .. wheras the Long 2 may be the Succesfull retest of the SC and would justify,.. a long .. etc.. u have to play the markets how they develope. and judge its behaviour.. at any time.. Ie. u gotta be prepared cheers
-
Hi tupapa I do actually look at time / price aswell. Called momentum The vol. Is just the the dot on the i .... Its especially interresting when it takes for example 6 bars to correct (sellibg wave) But onlx 1 or 2 bars to make back the ground and some more (buying) Cheers
-
Hi Perrin yup , te rallie from A to B is on low volume , and tapperd off quite heavy i may forgott to add that in my description .. or make it clearly,, but what does it tell us ? first off price advances even on low vol. and that by itself isnt bearish per se it just means that there isnt much activity atm , but due to the recent background (strenght) its not the bulls who have to proof their ground the bears are the ones who need to come out and show their hands ... it might be that , due to the lack of demand or lack of upside progress ,it may lead to supply and weakness .. due to traders unloading their holdings.. etc.. but till then , the market is strong .
-
yess true we dont know where price is hading next.. , but its the bears who are in charge not the bulls .. just focusing on the current picture , the bulls allready showed their strenght therfore i would lookout for longs atm , but also be cautioned on any supply hitting teh market .. but till now we dont have a lower high , the current attempt of a rallie is still in play ...
-
its a retracement in an uptrend
-
jup , we are trading within a range ,, where we have seen alot of indecision.. so i rather sit on my hands .. and wait till we trade at the extremes .. and judge from there no trading in the middle for me on this one..
-
Hi db I actually meant your state of mind while trading , like peak performance Flow state or trading in the zone . Do you experience such a state of mind While trading ? Thnx
-
if the bridge is a sort of `obstacle` , u go arround ´it´ while crossing ´it´ :evil tongue:
