namstrader

Soultrader, I look at the 1 3 5 minute charts simultaneously, while also being cognizant of what the 240 60 30 15 minute charts are all saying. It is amazing how parallel channels complete with such symmetry on these longer time frames. And therefore I am constantly drawing trendlines on my charts throughout the intraday. I also watch market internals and now, with Market Profile with Daily Pivots, I seem to be more aware of the playing field and I have reference points to play off of now. I am still not profitable with consistency but I know I will be there soon. Watching and listening to you Soultrader, is taking me further toward this goal.

I myself eventually became disillusioned with so many different setups, with setups that were for prior setups that failed. I did become comfortable using the 34 ema as a fade when prices are not flat and there is angled pricing. I have implemented the cci and rsi with my own adaptations, as my lagging indicators. I use trendlines on the cci and rsi, when I see a 3 point trendline for both, and also a 3 point trendline on the ER ticks (which leads) I am prepared to a take position. Another setup I like is when a trendline of 3 or 4 points on the cci and rsi is broken, a explosive reverse has been observed to occur. Also when the cci stays below 100, or for some they use the zero line, or trendline break, a trade is exited when broken.

I spent about 6 months watching and learning from Woodies room. I got tired of the politics. He looks at the 5 minute primarily and also his claim is "who needs those stick'in prices" and trades with the cci only, and his setups include: zero line reject, ghost patterns, shamus, plateaus, etc.

Soultrader, why do you not use tradestations floortraders daily pivot levels? are they inaccurate?

I have found that the 34 ema is very trustworthy as a pivot to fade. Woodies group uses this moving average with the cci.

very informative thank you Soultrader

Instead of purchasing the squeeze indicator from Carter and Hubert, I have observed and traded the Bollinger band inside the Keltner channel. It alerts me to a nearing move in the direction of market internals and indicator divergences.

thanks for sharing your desktop soultrader, do you also use workspaces for the longer term timeframes also? thanks

Soultrader I am very interested in learning more about tapereading. Do you have other great examples of your observations of the tape to share? greatly appreciated.

what are the value high and value low pivots? are these just previous nearby highs and lows? thanks for explanation. I have tradestation and I would like to use your method also.