eminiman414

Çheck out the warrior diet. Ive been following it for almost three years now and have never looked back. It is more of a way of life now not so much a diet. That plus crossfit has been a fantastic combo especially for a former athlete or a competitor and id like to think we all have a little of that competitive spirit in us.

First attempt at hindsight analysis. Hope the quality of the chart is clear enough. Also I can't get my 1 tic chart to display more than 3 minutes worth of price action. Don't know how i can shrink it any further if even possible. A 5 second chart gives me about 30 or so minutes of price action and a 2 second chart about 15 minutes. I use ninjatrader. Anyone have a trick to get the tic chart to fit? If not what would be the next closest resemblance to a 1 tick? 1 range bar set at a 1 tick interval, or would a 2 or 5 second chart be better? Here is my chart for critique. I thank everyone for all of there help and generous sharing or stories and information.

I find myself in a similar situation. I watch but what am I looking for. I see price go up (buying pressure), I see price go down (selling pressure), I see price move in a tight range, and the volumes on all of the above fluctuating etc. Like if someone said replay the day and look for xyz and then boom there is xyz I feel would be helpful, but I guess that's why people trade flags, triangles, and use indicators etc. Like here's what you need to do to be a better free throw shooter, shoot 1000 free throws a day, but make sure your technique (what you're looking for in your chart) is correct. Now, everyone's technique is a little different that fits there personal style but the overall principles are very similar. The hoop or where you shoot then (your chart/timeframe etc) won't matter because you've practiced your technique (what to look for) enough times. No idea if that makes sense, or if it's off topic, but it makes sense to me.

Is it really necessary to watch a 5s chart along with a 1 min. chart? I understand the concept of waves within waves etc. Now at this moment I don't necessarily see every wave a 5s chart would make in the 1 min chart, but is knowing they are there enough? I find my eyes jumping back and forth from chart to chart and then end up having to find my place again so to speak. Kind of like reading two similar yet different books at the same time and then going ok now where was I on this book, etc. Do I just watch one chart then look at the other for reference? Lets say price is testing a swing high, I can see the area that is being tested on a 1 min chart, but on the 5s chart that area is nowhere in sight without scroll back through the chart losing price's current position, or by zooming out so far that the information gets "muddy." Then do I add volume to both charts or just one? Should I lose the 5s chart for now? I've looked at some of blocp's charts and how he analyzes the one min time frame and it makes sense. I feel I can score a 90 or better on a written trading test, but if someone said ok go trade, i would not do well on that portion of the test. I've looked into cvbs, and I definitely like the way they look, but theres just something about having volume built in and feeling like I am missing a piece to the puzzle and then the ideas of just doing it the way our forefathers did it that stop me from using them. I have taught myself all on my own how to draw (except college), how to play the guitar, how to breakdance etc, but this is definitely the most challenging and will in the future be the most rewarding. Just trying to set my "environment" up the best way possible to learn the most I can. Like setting my TV and DVD player up optimally to have the clearest picture of the movie without squinting and getting confused as to what I am watching because my TV sucks. I am completely raw and green in this subject area, and feel I have already learned a good amount. Read through wyckoff's material going through section 7 bar by bar as he outlnes. I've now printed it and will begin to go through it again a second time. Any help you guys can provide would be much appreciated.

Here are a few charts.

Read a lot of information here and I like the way cvbs make my chart look, however having a constant volume how do you get the "clues" that plotting price and volume separate my give you. Examples are volume decreasing on a pullback, or price advancing on low volume to an area of resistance then large volume coming. Just how are these types of activities seen on a constant volume bar chart? Seeing a buying or selling climax etc. Is it the slope of the wave? Is it the amount of time it takes a bar to complete? I know the more bars that print the more volume but I've seen price move rather quickly from an area of support to resistance in a few bars. Does that mean that that price advance was on low volume? Then i've seen pullbacks that have had more bars within the pullback then the advance itself, so then is the pullback on more volume? How do you determine these types of things with keeping volume consistent? Trying to figure it out because I can definitely see price movement easier without those larger range bars essentially coming in out of nowhere. Any help you can provide would be great.

Sorry db I meant a range bar chart with the setting of 1. My range bar charts get set to the number of ticks not points. So a setting of 1 is 1 tick and a setting of 4 in the NQ would equal one point. Would that be closer to a tick chart then a 5 second chart. I suppose its already been too much talking about charts but just want to set myself up in a proper manner to better understand everything to the fullest.

I can't seem to get my 1 tick chart to look like the ones in the tickq thread. Looks like I can't zoom out enough to get a sense of how price is moving on the tick chart. Could a 1 tick range bar chart work?

Hmm. That's really interesting and makes total sense. Price bouncing off the "low" of a "bar" and "closing" in the middle is in essence an up wave and since you have let's say a one minute bar chart open without the concepts outlined one may only see a vertical bar or vertical price movement when in the above scenario it should really be seen as an up wave. So instead of watching price just tick up and down vertically on the bar I should be visualizing the waves in that "summary" i guess moving left to right as opposed to just watching the up and down movement? Do I have that right? Thanks for your response once again opening my eyes even more. I can't tell you how grateful I am for this forum.

Trying to learn as best I can. I see you speak of individual bars is that something that should be looked at in terms of this approach. Everything I have read so far has said not to focus on where a bar closes, opens, size, shape, color etc and just focus on the "flow." Is it ok to analyze where a bar might close/open or the price range the bar spans i guess in relation to the flow? Is that essentially what you are doing? Trying hard to grasp all of this. Also Wyckoff in section 7 does speak of individual bars, the high, low, and close of the bar. Is that type of analysis more applicable to the daily time frame. Don't have his exact words off hand as to how he described an individual bar/day, but I can look it up later on for reference. Thanks for the help again i am very new at this and want to soak it all up.

Would that be considered a potential buying climax based on how vertical the wave is and how volume is behaving?

Thanks for the reply. I was mainly just showing possible entry points based on my s/r lines and how price was moving in real time. My level of experience is I have been trading since August. Went live basically off of the advice of a friend of mine but since I have lost some and I felt I was just not studying the right info. I began reading around the end of April and began paper trading in july trying to learn. I am back to the drawing board not even paper trading just observing and reading everything in this forum. I watch from 930 to 1130am everyday and then replay past days when I get home from work. I have read almost everything in this forum including all of the wyckoff files. I have just started my second go around of re-reading everything.

Hey Guys, My first chart is just showing some of my choices for the general levels of interest. Blue lines are S/R, purple is midpoints of larger ranges, and the green on the first chart is the previous days high. I pegged basically yesterdays range almost spot on and although it was just a 3pt range I am proud that I am getting the hang of finding levels. The second chart is today's 90 minutes or so of trading. I have drawn in what I think are supply lines and the circles are where I "called out" entries as I just watched price move. I did not actually trade these areas. Point A. After breaking from an area of resistance yesterday price fell back below that area but made a higher low. Price came back to the 833 area showing some support. I thought this to be a buying opportunity. Point B. Price traveled above yesterdays high but stayed in about a 5 tick range at and above the high. I though this showed strong support. Would this be considered a springboard right at that level? I though this to be a buying opportunity but maybe riskier since we would be buying in an up wave? Point C 1. Saw this in hindsight. If that area at the previous days high was a springboard then price broke from that area but pulled back to the top of that range but when no further. I saw this as a buying opportunity. This would have made a few more ticks then C 2 on the chart, but was a hindsight observation. Is this a plausible entry? Point C 2. Was waiting for price to pulled back to S for an entry. It did not retrace all the way to S which I saw as strength. Entry was on the break of the line having price come to me. Point D. Playing a break of an area that was a midrange that appeared to show support on the pullback. Point E. Price tested the midpoint showing support. I seem to like trading when price breaks R and pulls back showing S within the context of price showing strength or weakness. Point E I probably would not have traded, maybe not D either, but A, B, and C I said ok buy at...Again calling it outloud just as I watch. I have been trading volume bars because watching a minute chart with volume gets confusing for me at times so my thought process is that price and volume are important, but price being more important so i've been using charts that have volume built in. Is this logical? Today on the one minute time frame the price volume relationship was easy to see especially at point C which was a "flag pattern" with an increase in price and volume then a pullback of price on diminishing volume. I know I know the pattern does not matter nor does the chart type of for incorporating price and volume does my thinking make sense if I am having trouble with the volume portion? I thank you in advance for the help. Sorry my posts are novels.

Let me start by saying I saw the post by db about the steps the trader goes through and I've definitely gone through that in my short time trading. I have only been reading about day trading since May and opened my account in August so I am an extreme newborn. I'll try to keep it short but I told my girlfriend a few weeks ago after I had a few losses that I am putting in a lot of time and effort in trying to "figure it all out" but I felt although I was studying I was not studying the "right" things. I was first trading the TF using LBR's setups (the first cross, and grail trades). Back testing it looked promising, but when live it was difficult for me to say well is price pulled back far enough to enter, is the macd pulled back etc etc. I was trading off of indicators and not so much the price and just never felt comfortable trading, every entry my heart was pounding lol. My dad invests and does well with it aside from his regular job of owning a business, so I sort of feel like this is in my blood and is definitely what I want to do for a living (i know many say that). Every weekend I say I can not wait until Monday and this is after about 7 losing days in a row. I am still hungry and have a thirst for knowledge and as I said earlier this forum has filled in so many holes and I feel I am off to studying the "right" information. I know I am pretty intelligent and I am a sponge. Feel like I've soaked up some not so good info, but this site is changing that. After the losing I analyzed everything and with the help of this forum have decided to switch to the NQ as opposed to the TF. My line of thinking is well obviously the TF can be more profitable I guess on a point per point basis but I can also lose more from my account faster. Since my results speak for themselves I decided to switch so I can either use the same amount of risk monetarily and give my trades more room to work or I can use the same stop placement I have been using and essentially double the amount of time I could trade my account based off the losses, if that makes sense. I have also gone back to paper trading. I jumped in to live trading so fast because of other personal reasons so I was in a rush to show some profit and that I could do this for a living. Its hindered my ability and I guess my emotions, but I am putting all that aside now. That is my little intro, sorry to ramble and I apologize if I have interrupted the flow of this thread. Just wanted to tell you all how new at this I am so if my posting of charts or responses seems amateurish I apologize. Maybe my being so new and having great people in this forum willing to help and almost teach can help you all as well. Refresh the basics etc. I always found when I teach someone it heightens my knowledge or allows that knowledge to sink in better. Thanks for listening. I'm so pumped. I'll post my chart when I can.

I would like to introduce myself, but I feel I may go off on a little tangent and do not want to take away from the thread obviously. So basically I am asking if this is ok because this is where I'd like to spend my time on this site? P.S. I took that short trade this morning. My first trade with no indicators and colored bars etc. So I will post what I saw for anaylzing when I get home from work. Thanks guys.

This whole forum has been wildly eye opening. Just wanted to say thank you.

Any recent updates??? Very curious. I've been using range bars and this strategy seems very appealing to me. I have been trading the TF using 10 tick (1pt) range bars. Thanks!