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tomerok
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I was referring to my post in which i completely misunderstood your question.:doh: of course i can't tell the trend on monday i would have opened up past week, month , year or whatever i needed in order to to see what going on. for me looking at this chart as is without referring to the left is belongs to the CWS thread or "sharpen your entries" thread.. i have not yet mastered the surfing ability. i tried to answer with that in mind and a little peaking to the left.. assuming always in position.. note the black point which represent indecision points for me. since this is a 30M i would have liquidated and gone long, BUT let's assume this is a 1M, now there's no reason to rev since we are at the overall right direction. (small red lines marking the tops) the second black dot would be short if i was long. Tomer.
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I was referring to my post in which i completely misunderstood your question.:doh: of course i can't tell the trend on monday i would have opened up past week, month , year or whatever i needed in order to to see what going on. for me looking at this chart as is without referring to the left is belongs to the CWS thread or "sharpen your entries" thread.. i have not yet mastered the surfing ability. i tried to answer with that in mind and a little peaking to the left.. assuming always in position.. note the black point which represent indecision points for me. since this is a 30M i would have liquidated and gone long, BUT let's assume this is a 1M, now there's no reason to rev since we are at the overall right direction. (small red lines marking the tops) the second black dot would be short if i was long. Tomer.
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typo on my part, meant weekly trend, re-edited that. Tomer.
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i see three options. immediate weekly trend TL is broken (yellow) no new lows, in fact HL and HH after the break hinge at 04/19/2013 1. i'll wait for price to BO above 2780, pullback and then enter long, looking closely for any signs of R from the LSH (red arrow) 2. i'll wait for price to re-test 2760 area, if holds i'll go long 3. i'll wait for price to re-test 2760 area, if breaks i'll go short P.S. zooming out to the 60M, 360M, reveals that the down TL is still intact taking that into account i would avoid any directional bias. Tomer.
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gozilla follow the link Db posted, you'll see in the post an attached file (pdf) download it and search inside the pdf. Tomer.
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I'm sure it's not that smart But it is obvious to me that price BO to the down side without much volume, which lead me to believe buyers are not there. not much effort and price drops... might imply a change in trend.. Tomer.
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Since LH can only be determined at hindsight or at least after price has moved further way from the LH point (for my taste...), i use in RT a shorter time frame to pinpoint the entry point. Take a look at the 360 chart, circled is the entry point, one can argue waves are not clear enough and no clear LH is visible. i use the 120tick for entry and if required even down to the 20tick. regarding ticks from LSH, as a baseline for my entry definition i will not take entries that. their LH reached back into the TL zone, for me this is a sign for indecision or at least that buyers has not given up yet. the actual number of ticks is depended on the context(time frame) and slope of trend reversed. i can understand your logic for confirmation on the reversal, I did not mention i put a lot of weight on the pullback that break the TL in terms of speed,length and determination visible, Tomer
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I'm with tupapa, I enter right as lh is established, if i'm wrong and it's not a rev i'll know it straight away, with your entry technique Niko, you might find yourself at the end of the reversed move in no time. Tomer
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is it just me?, none of the images at this thread are visible Tomer.
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Actually i see 3 things on your charts...... price...... I think the biggest problem was and always be most people prefer shortcuts could be culture, could be upbringing, could be they are just plain lazy some of them even go through so much trouble and effort in order to take the shortest road and never stop to think that if they would have put the same effort in just walking the path, they would have already been there or at least did not waste some much time in chasing something that does not exist. Tomer.
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Sharp eyes will notice i have been converted to time based charts I did not notice any significant edge with tick for my kind of trading another change i have made is zooming out to 5M chart's and timing the entry on 1M which result with a calmer experience of the trading session if anyone interested i use 60 and 15 to determine levels and and come up with an action plan for the day during the session i watch the 5m (mainly) and 1m for entry keeping the 15m open as a reminder for my general daily plan. Tomer.
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Who knows.... and who cares... one of the biggest lessons i learned in past months is i do not know where is price heading. i can only craft a plan to attack any direction price will decide to take. I'm assuming this post intention was igniting participant's response and ideas, but without any clear view to the left any answer is valid. Tomer
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today's plan embedded on chart pretty simple range plan Tomer
