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The Italian Job
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Created: by redratsal Attachments:31

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The Italian Job

  #321 (permalink)
Elite Member
Milan (I)
 
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trendisyourfriend View Post
Hey Red, félicitation pour ces beaux trades. But i am a bit perplexed, why did you go long when you admit the short were in control by the look of the gomcd and a bit later you wrote "the gomcd remained flat showing a short exhaustion". Is the gomcd simply a decoration on your chart or you really use it ?

Thx, It's always the same setup, I entered on the 2nd SD; at that time I didn't know who was in control, I scaled in, as usual, as the shorts were stronger. Looking for pullbacks, the GomCD helped me visualize when the shorts have exhausted their action, I moved the target higher as with a few delta values the longs were able to catch back. In most of the cases the gomcd helps me manage my position.
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You can notice on the last entry a reversal bar which combined with the gomcd gave me the signal of a market switch

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  #322 (permalink)
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  #323 (permalink)
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Redratsal greating trading and I love your preciseness. I have been following your posts and videos and find them rather interesting. I have been trying to get my charts to look like yours but I can't figure out what indicators and setting for the indicators you use. I was wondering if there is anyway to post a template with the indicators and settings. Just want to make sure that I have the same charts so that I can follow and study correctly.

Thanks
Hector

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  #324 (permalink)
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Big Mike View Post
The video on post 318 is coming up as private.

Mike

Thx Mike for pointing that out, now it should work

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  #325 (permalink)
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hector24 View Post
Redratsal greating trading and I love your preciseness. I have been following your posts and videos and find them rather interesting. I have been trying to get my charts to look like yours but I can't figure out what indicators and setting for the indicators you use. I was wondering if there is anyway to post a template with the indicators and settings. Just want to make sure that I have the same charts so that I can follow and study correctly.

Thanks
Hector

Thx for your kind words, I am not so precise as I need to correct my mystakes by scaling in but I try my best .
As I am not on my trading pc i will post my templates asap.

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  #326 (permalink)
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First trade of the day 6E 1 contract, target Vwap +183$
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  #327 (permalink)
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hector24 View Post
Redratsal greating trading and I love your preciseness. I have been following your posts and videos and find them rather interesting. I have been trying to get my charts to look like yours but I can't figure out what indicators and setting for the indicators you use. I was wondering if there is anyway to post a template with the indicators and settings. Just want to make sure that I have the same charts so that I can follow and study correctly.

Thanks
Hector

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Attached Files
Register to download File Type: xml 5 min.xml (34.9 KB, 20 views)
Register to download File Type: xml 6R and 12R.xml (57.3 KB, 15 views)
Register to download File Type: xml 60 Min.xml (33.2 KB, 13 views)
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  #328 (permalink)
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Cl short 2 contracts, target above TL and R +521$
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  #329 (permalink)
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6E short, 2 contracts, target on Vwap +541$
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On the 5 min chart (pip) a triple reversal bar (yellow candle) was clearly showing an imminent pullback in favor of the trade

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  #330 (permalink)
Big game hunter
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Very nice trading RRS . I wanted to ask you what the triple reversal pattern is , Im not familiar with your paint bar study and dont have nt7 installed to download it . Also , have you considered entering as price starts to indicate momentum is picking up after its encountered the outer bands ? For example , price encounters the outer resistance band then a bar closes as part of a bearish reversal pattern you deem likely to continue downwards . You may have explained these and sorry if I missed it , thanks and keep up the great posts buddy .

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