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Tired of BUYING @ the top/SELLING the low?


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Tired of BUYING @ the top/SELLING the low?

  #11 (permalink)
Billbb
GrandRapids, Michigan
 
Posts: 152 since Mar 2011
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Big Mike View Post
Post some charts of your trades if you want advice.

Mike

Heres my chart...I also look at a 10 & 20 range...I like to squeeze my 5 range as so and see a larger picture

I attached one from jan 5th, these were real trades...my chart looks similar then to now but no bollenger.


Im gonna havta puff on a cigar today

ps not sure if 3 chrts posted? taken a long time..here it goes

Attached Thumbnails
Click image for larger version Name: Chart expanded.bmp Views: 300 Size: 2.85 MB ID: 61473   Click image for larger version Name: squeezed..longer term look.bmp Views: 253 Size: 2.85 MB ID: 61474   Click image for larger version Name: 2 losers 1 small win & 1 winning wave.bmp Views: 273 Size: 2.85 MB ID: 61475  
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  #12 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
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Think you may need to change file format , not loading

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  #13 (permalink)
Billbb
GrandRapids, Michigan
 
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GridKing View Post
Think you may need to change file format , not loading

It loaded..thnx

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  #14 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
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Billbb View Post
Heres my chart...I also look at a 10 & 20 range...I like to squeeze my 5 range as so and see a larger picture

I attached one from jan 5th, these were real trades...my chart looks similar then to now but no bollenger.


Im gonna havta puff on a cigar today

ps not sure if 3 chrts posted? taken a long time..here it goes

Seems like you are using Woodies CCI ?


Trading Woodies CCI System by Jeff Gannon

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
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  #15 (permalink)
Billbb
GrandRapids, Michigan
 
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GridKing View Post
Seems like you are using Woodies CCI ?


Trading Woodies CCI System by Jeff Gannon

Yes, ive used it off & on over 2 yrs now and i was always comming back to it..I like the colors, particlary zero line..green/red..gives u a hint that pressure seems to be building up and chop line turns blue/brown as pa breaks.

Divergence is more detailed, too.

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  #16 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
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I'm sure these guys will give better advice , but just a thought ....










https://stockcharts.com:443/school/doku.php?id=chart_school:chart_analysis:support_and_resistan

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  #17 (permalink)
Billbb
GrandRapids, Michigan
 
Posts: 152 since Mar 2011
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Just gave it a try...if no bar is within a vacinity above current bar then theirs no target..so i shorted cuz their was plenty of bars benieth so plenty of targets...this idea is going to help me alot.

Why I didnt see this before? da hit me w/ a brick please.
arjfca View Post
Try to recognize pattern of a top

A big bar that surge above the other
A tin green (up() bar that goes up the last bar and does no go far

As a mandatory rule, I never go long if I don't have a target to reach ( an upper spike high) on the left of my entry bar

Again, Always have an upper, achievable target on your left before going long

Good luck

Martin


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  #18 (permalink)
Billbb
GrandRapids, Michigan
 
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manisha View Post
Me too


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  #19 (permalink)
 
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 monpere 
Bala, PA, USA
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Billbb View Post
Just gave it a try...if no bar is within a vacinity above current bar then theirs no target..so i shorted cuz their was plenty of bars benieth so plenty of targets...this idea is going to help me alot.

Why I didnt see this before? da hit me w/ a brick please.

The only reasons I look to short a high or buy a low, is on divergence, and/or spiking volume followed by no follow through. I use divergence, because markets generally do not turn around on V tops and V bottoms, they will generally attempt double/tripple tops/bottoms, and generally create divergences in the process. Also, spiking volume followed by the inability to continue in the same direction typically signifies exhaustion. These are signs of spent momentum.

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  #20 (permalink)
Billbb
GrandRapids, Michigan
 
Posts: 152 since Mar 2011
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monpere View Post
The only reasons I look to short a high or buy a low, is on divergence, and/or spiking volume followed by no follow through. I use divergence, because markets generally do not turn around on V tops and V bottoms, they will generally attempt double/tripple tops/bottoms, and generally create divergences in the process. Also, spiking volume followed by the inability to continue in the same direction typically signifies exhaustion. These are signs of spent momentum.

Im picking up on looking for divergence, while in action that is..& while in the action, being more sure that the divergence "IS' finished, not continuing a dwn/up move while pressure is building...doing replay this week-end practicing...

Volume indicator, I dont always put on my chart...I try to keep less items on my charts to keep it clean, less messy..less to decipher...I probably should put volume on there? or overlay it on my wcci & make the color less intrusive...so I dont get a headache

Im gonna google V tops & bottoms and see what that looks like...I think I do know? basicly just a double top or bttm?

Thanks for ur input, I appreciate your experiance in the matter.

Bill

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