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TF thread (Russell 2000) ... anything goes
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TF thread (Russell 2000) ... anything goes

  #661 (permalink)
Market Wizard
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tderrick View Post
Brother, KB

In your expert opinion. what would you say is the average range of run in the TF?

I'm working on staying in trades a bit longer and have been underestimating my targets by
a technical level or two.

hope you don't mind if I add a few things here. but of course I'm no expert, so bear that in mind.

a very useful tool to measure the swings is the price action swing indicator. it will show you the range of these swings.

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I suspect you're trying to follow the famous sentence: let your winners run, cut your losers fast.

well for me, (again no expert opinion) that really depends. if you're a strictly day trader and trying to make a living, then this is not the way I would go. your number one priority should be: consistency. if you're head of a day trading dept, what would you prefer: trader a, who delivers in a week every day $5.000, or trader b, who has a winning day of $33.000 and 4 losing days with a loss of $8.000 (2.000 each day)?

there're more examples of those famous sentences I don't agree. but prefer not to comment, plus don't want to go too far off topic.

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  #662 (permalink)
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tderrick View Post
Brother, KB

In your expert opinion. what would you say is the average range of run in the TF?

I'm working on staying in trades a bit longer and have been underestimating my targets by
a technical level or two.

"Expert" opinion ?....you must have me confused with someone else

Out of habit I look for 60 tick runs generally...or maybe I should say I look to get that out of a run. That being said it seems like lately the runs are around 100 ticks.

If you look to get 60 you should be ok and that's nothing to sneeze at......of course the trick is to get in at the right spot.

If nothing else when you see a 100 tick run nowadays you should not try to jump on being that it is likely over and you should look for it to stall if not reverse.


I don't know if that is what your asking exactly...if not just ask again and I'll give my "somewhat experienced" generalized opinion.

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  #663 (permalink)
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aligator View Post
Gradient Divergence in acton.
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@aligator

If i read your chart correctly, i understand you took a short based on a divergence in panel 2. I know it is an isolated trade among many and as such as no consequence but nevertheless i felt compelled to write a comment as i think (i maybe wrong here) that price was conveying a rather clear message that was hidden from your eyes as you were probably giving more weigth to the secondary message in panel 2. In my opinion, this is a good example to learn from.

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  #664 (permalink)
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kbit View Post
"Expert" opinion ?....you must have me confused with someone else

Out of habit I look for 60 tick runs generally...or maybe I should say I look to get that out of a run. That being said it seems like lately the runs are around 100 ticks.

If you look to get 60 you should be ok and that's nothing to sneeze at......of course the trick is to get in at the right spot.

If nothing else when you see a 100 tick run nowadays you should not try to jump on being that it is likely over and you should look for it to stall if not reverse.


I don't know if that is what your asking exactly...if not just ask again and I'll give my "somewhat experienced" generalized opinion.



That is exactly what I was looking for, my friend !! Wonderful knowledge, Thanks


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #665 (permalink)
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trendisyourfriend View Post
@aligator

If i read your chart correctly, i understand you took a short based on a divergence in panel 2. I know it is an isolated trade among many and as such as no consequence but nevertheless i felt compelled to write a comment as i think (i maybe wrong here) that price was conveying a rather clear message that was hidden from your eyes as you were probably giving more weigth to the secondary message in panel 2. In my opinion, this is a good example to learn from.

@trendisyourfriend,

Thanks, great PA observation. There were actually two consecutive divergences, another short one inside the longer one that I did not show and these usually have a better chance. I also noticed the 4 bars up move, but with TF you can only guess what the price will do next. However, I was quick to see a few bars later that tendency was to the upside so I got out at BE. Like anything else, can't catch'm all.

Cheers!

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  #666 (permalink)
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Hi @trendisyourfriend

You present the 4 green candles as a sign of strength.

In some contexts, I have experienced that it could be a sign of "vacuum" (word taken from Bob Volman).
Especially in this kind of trading range, we sometimes see a sudden movement from a side of the trading range to the other (here: from bottom to top).
But it is not always strength.
It could be that aggressive sellers have taken note of the trading range, and wait the price to reach the top of the range before engaging.

In other contexts, these kind of candles could just mean "exhaustion".

Do not hesitate to correct me!

Nicolas

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  #667 (permalink)
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Silvester17 View Post
I suspect you're trying to follow the famous sentence: let your winners run, cut your losers fast.

well for me, (again no expert opinion) that really depends. if you're a strictly day trader and trying to make a living, then this is not the way I would go. your number one priority should be: consistency. if you're head of a day trading dept, what would you prefer: trader a, who delivers in a week every day $5.000, or trader b, who has a winning day of $33.000 and 4 losing days with a loss of $8.000 (2.000 each day)?

there're more examples of those famous sentences I don't agree. but prefer not to comment, plus don't want to go too far off topic.

today is a pretty good example.

quite a few nice setups for ~ 20 ticks targets. on the other hand when you were holding for a big run (50 - 100 ticks), you might have just finished the day with a "fast cut loser". today's range was not even 7 points.

but to each its own.

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  #668 (permalink)
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these are kase bars? what period?

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  #669 (permalink)
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nate99 View Post
these are kase bars? what period?

yes, 10

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  #670 (permalink)
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Nicolas11 View Post
Hi @trendisyourfriend

You present the as a sign of strength.

@Nicolas11,

Considering the context of the chart, and the fact that the trade signal is generated withing 8-10 bars, I would consider the 4-bar run up significant enough for that particular trade. So IMO, @trendisyourfriend made a valid observation. However, I would not characterize the four bar move as either a sign of strength or exhaustion, as these usually happen in long trends, or a long period of consolidation.

Cheers!

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