Never Candle Again

[aliassmith]

Redacted.

Damn CIA infiltrated kreslik.com

[IgazI]

Redacted.

Damn CIA infiltrated kreslik.com

I say too much and then I get nervous; you know how it is

[IgazI]

0.85% = 1
1.85% = 2
2.85% = 3
etc

It looks to me like the trend is being created with 10.85%+ moves:

Counting the 11+ we get the trend pattern: up, dn, dn, up, up, up, up,
so a TL through 10 seems to be working.

Look at that, you didn't even have to make a special chart.

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[IgazI]

These posts are only for the people who got to read the 'Baccarat post' and can understand what is going on here.

The safest way to go long is to wait for an 'interrupting swing', a momentum move that is the opposite of the dominate direction.

All moves are measure from the last marked high or low swing.

PS: look at those wicks. . .
imagine putting your stop on the low, like a basic human
we don't have to live that life!

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[IgazI]

If not for Cash App and their willingness to lend funds equal to the amount of the sale, instead of making you wait two days for your funds to settle, it would not be worth trading fractional shares; it's like having a margin account, without having a margin account.

Other brokers, like Robinhood, might have instant settlement of funds but there always seems to be an asterisk nearby.
eg "monthly fee required, not available for cash accounts"

If you want to trade stocks then go with Cash App.

If having access to after hours trading is of critical importance, and you always buy 5+ shares, then open a margin account and buy out the last share.

[IgazI]

Another bounce at 10.

I have no position in this stock.

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[IgazI]

It will take you 10000 hours of practice to learn how to draw S&D, lots of dedication and divination. . .

just kidding, it's just 3 closes; the the entire body of one and the upper or lower bound of an adjacent body, the tighter the area the better.

Color plays a role when connecting to the 3rd close;
area 1: connected to the green close.
area 2: connected to the red close.
area 3: connected to the red close.
area 4: connected to the green close
area 4: widened slightly with new formation in the same area.

5 minute closes plotting a vertical line chart:

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Now we are going to use the most recent and relevant price levels:

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PS: failed to form. . .that's why we wait for closes *shrugs*

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[IgazI]

I hope that you can see now that you will do just fine with only closing prices. . .

if price forms a new area and closes above it then you want to go long.

if price forms a new area and closes below it then you want to go short.

you can also use past areas to exit trades.

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More things to consider = more stress.

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Simplify the information:

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[IgazI]

Now that your mind knows what it is looking for, you need to do one last thing. . .take all of those lines off of your chart

20 years ago I'd use this type of chart to track the progress of a live trade throughout the day;

the entries were made using a daily chart, and the decision to hold, add, or sell was based on this intraday chart.

final_form.png (30.04 KiB) Viewed 296 times

I didn't have all day to sit around plotting prices so my charts would have looked like this 30 minute chart:

Am I making money, losing money, should I add, or should I get out?

I would not have cared what happened on the 23rd, that is what the daily chart is for.

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15 minutes:

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Last pic of the day:
body to green, body to green, forming last zone:

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[dojirock]

I need to ponder what your getting at. I am all about combining candles, recognizing momentum, seeing the failures and holds, but i'm sensing your talking about something different. Started with 3 candle closes, but now your utilizing 2 candle closes?
I want to understand where you coming from to add to my arsenal but don't want to un see what I already know. I haven't felt this familiar uncomfortableness in years. I am putting what I know in the compartment on my left and open to discover something to put in the now empty compartment on my right.
I do appreciate your contributions to the forum.
-doji