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Price action momentum setups


wizard101

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there is no real document mastertrader as the key indicator for the various divergence under/over, over/under patterns is the stoch%D....I just threw the bands in there for targets and they also have the inner channel band which is good to use on your lower high, higher low price setups coming from top or bottom band in the time frame in which you are trading.....the dots originated from a tradestation code I purchased quite some time ago with the bands at a very reasonable price from an old trader that passed away several years ago... He traded agressively band to band using price action and when for example the price got to one side of the bands, he used the dots or what were called x's then as a target....He mainly traded off a 3min/5min chart and say for example price retraced to the blue dots "no red dots above" that signifies that the 21 period rsi is still + above 51 and no shorts to be taken ....the entry was 1 tick above the high that held the blue dots/x's and the tg would be the top inner channel or top band area...so in essence the dots are a kind of hybrid support/resist based off a 21 period rsi above/below 51/49 for trend identification.....Anyhow for simplicity price action hh/hl ll/lh with a preferred ma whether it'd be a 50 ema or 34 ema etc "doesn't matter" will simplify the trend according to "degree of slope" .....the oscillator "u/o, o/u" formations with some price action, supp/resist can add to determining potential "turn areas" ......

The lines were just some fib lines I had drawn in, that's all !

 

cheers

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wizard - thanks a lot for sharing the indicators - but more- for sharing your method.

i am not crazy about all these colored indicators and colored stops because they are usually late to respond and to signal but i like your explanations and your analysis, you make it look very simple and clear.

Keep it up - great job.

jane

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  • 1 month later...

http://www.trading-naked.com/under_over_setup.htm

 

You may also wish to read up on the "under/over" over/under" divergence setup especially used with supp/resist to determine high probability "turn areas" ....You will often see those u/o and o/u setups coming from many of your major pivot lows/highs....

 

cheers !

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:)@ wizard 101a special thanks for sharing your price action momentum system with the GCHANNEL MOMO and STOCH%DNT7.

 

Together with some succesful tools from my trading arsenal, uploaded in this forum (logic Ultimate Renko-Bartype & Kase KEES_V94D I start now to develop a performing TREND & SCALPING system.

 

https://www.sendspace.com/file/3v2w73

https://www.sendspace.com/file/0yq7qp

https://www.sendspace.com/file/bteatw

https://www.sendspace.com/file/u2txci

https://www.sendspace.com/file/bplzxw

 

Cheers,

 

Ganymed

 

Search in the forum for >Logic Ultimate Renko Bars and Kase_KEES_V94D indicator

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Now this is why this forum is so invaluable for many.....evidently to share great ideas, techniques, ind etc....it is this kind of feedback that makes this all possible with so many others who regularly contribute (guys and gals you know who you are) and I as well as many others are so grateful....

My initial idea in creating this thread was so that others also post their price action momo setups or whatever robust time tested technique one is willing to put out there to help so many as this game is big enough for all.....

Thanking you Ganymed and all the great contributors out there !!

 

Lots of health and prosperity to all !

 

cheers

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@ all, looking for the indicators I mentioned in #32 >Logic Ultimate Renko Bars and Kase_KEES_V94D indicators:

here they are:

 

Kase pack edu:

https://www.sendspace.com/file/jczgib

 

Logic Ultimate Renko Bars LUR Bars:

https://www.sendspace.com/file/zmgic3

LUR Bars zip: Extract>copy and paste >bin>custom>Type.

Restart Ninjatrader

 

cheers

Ganymed

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password for LUR please.

thanks.

@ all, looking for the indicators I mentioned in #32 >Logic Ultimate Renko Bars and Kase_KEES_V94D indicators:

here they are:

 

Kase pack edu:

https://www.sendspace.com/file/jczgib

 

Logic Ultimate Renko Bars LUR Bars:

https://www.sendspace.com/file/zmgic3

LUR Bars zip: Extract>copy and paste >bin>custom>Type.

Restart Ninjatrader

 

cheers

Ganymed

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  • 1 month later...
  • 5 weeks later...
:)@ wizard 101a special thanks for sharing your price action momentum system with the GCHANNEL MOMO and STOCH%DNT7.

 

Together with some succesful tools from my trading arsenal, uploaded in this forum (logic Ultimate Renko-Bartype & Kase KEES_V94D I start now to develop a performing TREND & SCALPING system.

 

https://www.sendspace.com/file/3v2w73

https://www.sendspace.com/file/0yq7qp

https://www.sendspace.com/file/bteatw

https://www.sendspace.com/file/u2txci

https://www.sendspace.com/file/bplzxw

 

Cheers,

 

Ganymed

 

Search in the forum for >Logic Ultimate Renko Bars and Kase_KEES_V94D indicator

 

Ganymed, if possible, could you please re-upload these sendspace links?(all dead now).

I would love to learn your Trend and Scalping system.

Thanks! :)

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