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hellboy1713006415

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Posts posted by hellboy1713006415

  1. well as my understanding goes, the S/R should be an area instead of a strict line, its because, its a highly probabilistic environment, so when a trader gives approximate structure to the market, he takes it for absolute, which is not, I think I am getting point across.

    So better to look for the hourly S/R areas and then look for the trend in the trading time frame, then fine tune your entry in the lowest time frame.

    What I am seeing is just a single leg , we need more price bars to be of any meaningful conclusions.Hope it helps.

  2. To cut the long verbatim short :

    1.I do not use Fib/Gann/Elliott, so can't comment.

    2.Looking at previous bear bars, there is tremendous bearish momentum, so majority of the traders have a tendency to fight trend and jump in early.

    3.May be we are looking at a bear flag, so unless the high of the 4th bar from last is taken out with good follow up there would be no change in sentiment or trend.We are in a pullback or a range till that time, although there is a break of the trendline by the last candle.I would wait for the retest again before going long.

    Have to wait for more action to unfold, either a L1 short or a pullback bull entry, needs more confirmation , also I dunno the support and resistance levels, if its a significant support level, then it should hold.If not then down is imminent.

    Just my two cents.

  3. Two softwares , check them out, may be useful to traders.

     

    1.http://download.cnet.com/Desktop-Ticker/3000-2164_4-10968747.html

     

    If you know to RSS , then it gives a ticker like updates of the latest news once they are posted in the RSS linked web site.Its easy.Try it. Incase of difficulty lemme know. Also please provide me the link of the web site from where you want your latest news.Thanks.:D:D

     

    2.http://freemind.sourceforge.net/wiki/index.php/Main_Page

     

    Its free Mind Mapping software.Try this also, you will never regret.;))

  4. Sorry I haven't been able to add to the thread Hellboy. Been without internet on and off as well as having been away from home for most of the day.

     

    Having said that, nobody seems to want to take part anyway. Thanks for the latest download!!

     

    Just a second, think closely, how many really want to slug their a** off to earn money and by the way how many really make money from markets consistently and can make a living out of it.So its not surprising that there would be few takers if any.It takes thousands , literally 10,000 hrs of screen time is minimum to be of some meaning to trade proficiently and have some experience. I am still learning, everyday the market is different, it behaves differently, its characteristics is different, its context varies, every situation is unique, and there is no holy grail or shortcut to make money either.So if you want you can request a closure of the thread or else we can continue with your primary inputs, I can't post charts, since I really do not use any standalone software for charting.I rely on my broker's terminal, thats it.Hope see your charts soon.Regards.

  5. http://i914.photobucket.com/albums/ac341/freddieforII/ABT1_zps8b03ff03.png

    First black bar is an IB, 2nd is a doji but is also below the previous low so L1.

    Al says that an IB could go either way but this one is bear-ish so the IB is a signal and the doji is the entry or the next bar when it passes the doji low. This might be L2, what do you say Hellboy?

    After the strong bear-ish (micro) downtrend we have a a bullish doji. It tried to break the trend but failed with more sellers. Then another strong bear-ish bar.

     

    Strictly going with AB set ups, with L1 or H1, one needs a pull back in a trend , then L1 happens, here I assume that there had been previous bear trend , if yes, then its a L1 entry , but a doji with a long upper tail, which suggests lot of sellers at the up level, so one can go short.

  6. well, see the range of the bear bars before the trend line break, every trendline break need not be an reversal , it may be a bear flag or simply entering into an range in the lower tf.I dunno about the earlier price bars, but seems the open was on a high , but the there were sellers at those levels who drove the price below the low of the opening bar, it says something about the strength in the bear momentum, doesn't it?again what i could make out is that any attempt by the bulls to reverse the trend is countered by the bears in the next bar by fresh selling, that is no follow through after the bull bar, so wait for counter trend entry.Instead short below the bull bar low which was trying to reverse the bear.

     

    Please others participate and comment, so that we together can learn.Doesn't matter if we are wrong, atleast someone would be there to point that out here, but its not so in real trading world, any mistake , pay with money.:(

  7. Best is to identify the Support and resistance areas first, and then for entering the bars would be analysed, its because the support and resistance areas most fertile places to enter with good risk:reward ratio.For time frame if one is scalping then lower tf is best, if positional swing then atleast 30 minute tf or higher.Yes AB talks of micro trendlines and micro channels and wedges also.Then bull flag and bear flag.Although these are all pretty subjective, but in due course of time one would be skilled, its not gonna happen overnight.In price action trading, you have to first trust your own self and decisions. Thats a essential must.
  8. Kind attention all,

    hve uploaded 23-32 to uploaded.net , but its a premium account of FloridaTrader.So i am requesting him to make an open link and share.

    I have already sent pm to following ids with the link.Kindly contact them for further course of action.

     

    Sesshoumaru; fxcashflow; Johan445; Ajata; stingrayzz; bonnie12345; bhargav; ninjatrader; marinko; FloridaTrader; scwon; okitikan; flipper26;yakka;

     

    Thanks all.

  9. Kind attention all.

    I have successfully uploaded the last part , i.e. 47 - 53 .

    I have PMed the link to the following ids.

     

    Sesshoumaru; fxcashflow; Johan445; Ajata; stingrayzz; bonnie12345; bhargav; ninjatrader; marinko; FloridaTrader; scwon; okitikan; flipper26;

     

    its really a pain, uploading 600mb files, then sending messages where in I am allowed to send to send only 5 members at a time etc.

    So, I kindly request you to use your discretion to whom to give the links.Hopefully the link will be available to the deserving persons, no, no, I am not against anyone, but still who knows, it may go in wrong hands also.Therefore instead of pming me, kindly pm the above users for the link, since I would be busy in uploading others and trading also.Adios and good luck for now.[-O<

  10. if you are a scalper/jobber without any setups then patience has no meaning here.use vwap and trade hft.

    if one has solid setup and mostly swinging, then patience is needed, because it may take time to form the setup, but once it is there do not hesitate to pull the trigger.

    Analysing is one thing and trade execution is also another thing, both are difficult and required simultaneously.Trading is such an arena where even pros are beginners.:D

  11. Nice to know that you are being profitable consistently. Thats a feat a few can pull off.Kudos.Yeah there are no secrets for retail traders who trade a small account, unlike Goldman Sachs whose HFT is a secret.Yes as you have pointed out, scalping in a big account can be profitable and with a good broker , it can be huge.

    If you really feel that disclosing your method will help other traders in Indo , then please share it.If you feel that after sharing your edge would be gone then you may not.Thanks.

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