Hi Newscalper
when i m drawing the key levels on daily i use the open, close and 50%. I don't include wick. I will note the high and low ie wicks just to watch price action on lower level to make sure it will go through or fail.
Like Dragon banged on about in his posts OPENING,CLOSE AND 50% ARE IMPORTANT. This is where i getting this info.
heres how i drew up todays action. I took the rat trade as indicatiated in my drawings.
Im only looking for rat trades off 1day key level and/or 4hr combined key level. Throw in a 1hr and 15min zline thats the setup. I use semaphors as indication of extreme of price action.
**MAKE SURE TO LOG IN THERE IS ATTACHED GIF PICTURE YOU CAN'T SEE ABOUT SUPPLY/DEMAND AND COMBINED 4HRS**
Previous days open,close and 50%
Price out of range mark nearest open or close or 50%.
I also marked previous just so i can keep eye on it as a point of interest.
This what the 4hr chart looks like with 4hr combined.
BB
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Im just starting to realise this is true. LOL "big fury balls" i will get back to on that when i grow a pair
MightyOne wrote:In the end, nothing is real except your psychology, money management, and a set of big furry balls to pull it all together.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
- newscalper
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bettlebox wrote:Hi Newscalper
when i m drawing the key levels on daily i use the open, close and 50%. I don't include wick. I will note the high and low ie wicks just to watch price action on lower level to make sure it will go through or fail.
Like Dragon banged on about in his posts OPENING,CLOSE AND 50% ARE IMPORTANT. This is where i getting this info.
heres how i drew up todays action. I took the rat trade as indicatiated in my drawings.
Im only looking for rat trades off 1day key level and/or 4hr combined key level. Throw in a 1hr and 15min zline thats the setup. I use semaphors as indication of extreme of price action.
**MAKE SURE TO LOG IN THERE IS ATTACHED GIF PICTURE YOU CAN'T SEE ABOUT SUPPLY/DEMAND AND COMBINED 4HRS**
Previous days open,close and 50%
Price out of range mark nearest open or close or 50%.
I also marked previous just so i can keep eye on it as a point of interest.
This what the 4hr chart looks like with 4hr combined.
BB
Hi, thanks Ill give that a good look later on. My fibs WERE based on bodies and not wicks so I'm not sure why I'm wrong?
So you are looking for a long as yesterday closed up irrespective of the supply seen previously?
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Hay Dragon
Nice to see you thanks for the input.
Is this what you are seeing when you say "price is still making bodies to the upside on the higher frames"
Because the close of the 1hr i took rat trade short, closed in range of the top wick previous 4hr ?? you can say price isnt ready to come down yet ??
Im trying to grasp what you are seeing to make that statement.
Maybe you can give me underlying principle behind your thought processes?
Thanks
BB
Nice to see you thanks for the input.
Is this what you are seeing when you say "price is still making bodies to the upside on the higher frames"
Because the close of the 1hr i took rat trade short, closed in range of the top wick previous 4hr ?? you can say price isnt ready to come down yet ??
Im trying to grasp what you are seeing to make that statement.
Maybe you can give me underlying principle behind your thought processes?
Thanks
BB
dragon33 wrote:bettlebox wrote:Failed Trade out at Break/Even. Level i thought might be good didn't hold. No big deal on to the next level.
Why going short???
Price is still making bodies upside on the higher frames.
Last edited by bettlebox on Tue Oct 02, 2012 9:11 pm, edited 1 time in total.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
Hi newscalper
its difficult to follow your pictures i wasnt too sure how you was marking things up. So showed how i was doing it again too make sure.
Yea but you are right i was looking longs today based on yesterdays action.
BB
its difficult to follow your pictures i wasnt too sure how you was marking things up. So showed how i was doing it again too make sure.
Yea but you are right i was looking longs today based on yesterdays action.
BB
newscalper wrote:bettlebox wrote:Hi Newscalper
when i m drawing the key levels on daily i use the open, close and 50%. I don't include wick. I will note the high and low ie wicks just to watch price action on lower level to make sure it will go through or fail.
Like Dragon banged on about in his posts OPENING,CLOSE AND 50% ARE IMPORTANT. This is where i getting this info.
heres how i drew up todays action. I took the rat trade as indicatiated in my drawings.
Im only looking for rat trades off 1day key level and/or 4hr combined key level. Throw in a 1hr and 15min zline thats the setup. I use semaphors as indication of extreme of price action.
**MAKE SURE TO LOG IN THERE IS ATTACHED GIF PICTURE YOU CAN'T SEE ABOUT SUPPLY/DEMAND AND COMBINED 4HRS**
Previous days open,close and 50%
Price out of range mark nearest open or close or 50%.
I also marked previous just so i can keep eye on it as a point of interest.
This what the 4hr chart looks like with 4hr combined.
BB
Hi, thanks Ill give that a good look later on. My fibs WERE based on bodies and not wicks so I'm not sure why I'm wrong?
So you are looking for a long as yesterday closed up irrespective of the supply seen previously?
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
- dojirock
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Hey BB,
Until Dragon responds, this is how I see it...
Hope it helps
4hr
Until Dragon responds, this is how I see it...
Hope it helps
4hr
- Attachments
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- james4hr.gif (27.31 KiB) Viewed 2767 times
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
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15 min (one chart is zoomed in a little)
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- james15+.gif (28.49 KiB) Viewed 2414 times
-
- james15.gif (27.48 KiB) Viewed 2414 times
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
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