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paweldobkowski
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Postby paweldobkowski » Tue Sep 06, 2011 4:20 pm

Newscalper,

why wouldn't You look for shorts? I'm trading smaller timeframes and today You were able to grab pips both ways. It was a nice day due to volatility.

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First there's is a strong support level (lower red line). There's where You should be looking for long entries. As es-pip would said - "the higher it gets the riskier it is" smth like that. (section 1).

Then price went hundreds of pips up and wicked the gap which is strong resistance (supply) level. Then it created long ass wick on H1. You should be shorting there (section 2). No way to look for longer term (than scapling) long entries after such rejection.


The momentum from upside was in the wicks actually (if You think about the price action at tick charts).


Some of the lines are placed shitty but You know how to do it so it's not the important part.

Today because of the volatility even counter momentum moves were good to trade but that's not the point either :wink:

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newscalper
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Postby newscalper » Tue Sep 06, 2011 5:19 pm

Image

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poipen
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Postby poipen » Tue Sep 06, 2011 5:33 pm

Belkin wrote:GU has been down for a while... been short since august 24.

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i have good space so I could resist todays pullback.


beautiful, absolutely beautiful
Wise Men Know Their Limits, Great Men Have No Limits.

paweldobkowski
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Postby paweldobkowski » Tue Sep 06, 2011 6:44 pm

Wow! :shock:

I just saw Your chart Belkin. Amazing trading. Keep it up mate.

Belkin
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Postby Belkin » Wed Sep 07, 2011 1:20 am

Thanks .. I am just trying to apply MO's lessons.

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MightyOne
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Postby MightyOne » Wed Sep 07, 2011 5:54 pm

DOP destroying the minute charts:

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Belkin
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Postby Belkin » Wed Sep 07, 2011 6:02 pm

MightyOne wrote:DOP destroying the minute charts:

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What about a DOP thread?

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Postby MightyOne » Wed Sep 07, 2011 6:09 pm

DOP is too easy for a thread =)

What you see are DOP Forks/Channels.

The main DOP angles are 15-30-45-60-75

The adjustments are 5* up or down from these angles.

Most of the time price will channel at an angle of 15-20-25-30-35

15-25-30 being the most common on my monitor.

Just find points 2 & 3 of a fork and project the future channel using DOP. You will find that the chart uses the same angles over and over.

DON'T FORGET TO CLICK "SCALE FIX" IN THE PROPERTIES WINDOW!

Belkin
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Postby Belkin » Wed Sep 07, 2011 6:21 pm

Out of the trade I posted a few days ago.

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Belkin
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Postby Belkin » Wed Sep 07, 2011 6:23 pm

MightyOne wrote:DOP is too easy for a thread =)

What you see are DOP Forks/Channels.

The main DOP angles are 15-30-45-60-75

The adjustments are 5* up or down from these angles.

Most of the time price will channel at an angle of 15-20-25-30-35

15-25-30 being the most common on my monitor.

Just find points 2 & 3 of a fork and project the future channel using DOP. You will find that the chart uses the same angles over and over.

DON'T FORGET TO CLICK "SCALE FIX" IN THE PROPERTIES WINDOW!



I gotta run now. I'll take a look at it later or tomorrow.

Will be bothering you with tons of questions

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