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Favorite technical/chart setups


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Updated August 6th 2019 by CannonTrading
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Favorite technical/chart setups

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  #1 (permalink)
Sydney, NSW, Australia
 
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Favorite technical/chart setups

what are chart/technical setups that work the best for you? Could you include pics of what they look like/what conditions are optimal?

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  #3 (permalink)
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there is a lot more to it than the type


it has to do more with the time frame your placing the patterns in and the market conditions at the time you placing that trade . a example is the indexes have been in a up trend for a long time. so the barish patterns have not worked as well.next when you trade patterns you are really trading a trend line most of the time . that is a art . if you do not have that skill... it does not matter what pattern your trading ...your going to have problems ..hope it helps

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  #4 (permalink)
Oslo Norway
 
 
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I like mini DBs/DTs (2 bar patterns), but I always filter them and use context. In isolation, they will often fail, but if you trade in direction of the current direction (and your system otherwise tells it's likely that direction is sustained), they can work quite well.

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  #5 (permalink)
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Channels

Use Channels on 15 minute + charts. Buy oversold, sell overbought.



There are few others, but this works best. I think.

K

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  #6 (permalink)
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kareem40 View Post
Use Channels on 15 minute + charts. Buy oversold, sell overbought.

There are few others, but this works best. I think.

K

Hi K,

I like your chart. Though kind of funny you talk about channels on 15m + chart and show us a 5m chart ;-)

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  #7 (permalink)
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You can on the 5M and I have traded that chart as well, but 15-60M will work best. The channel would be pretty much the same on both, since its price based, but the close of the 15M is a higher probability sell/buy.

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  #8 (permalink)
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I like to trade levels (S/R). For instance yesterday in the ES heavy selling came in @2931.00 as can be seen on the 1m.
Market was overbought in the Keltner channel but that alone doesn't mean much.

When we look at the 5m we see Value Area High @2931.00, exact where the selling came in. Market eventually went back to 2921.00, 1pt above vpoc (@2920 at the time) before moving higher. Good for a nice scalp. There was prior resistance, market was in range, balanced (in value area and near daily mid-range). In a range sell high, buy low. Mean reversion play.

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  #9 (permalink)
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kareem40 View Post
Use Channels on 15 minute + charts. Buy oversold, sell overbought.



There are few others, but this works best. I think.

K

It is interesting that you use the terms oversold and overbought. There is actually no such thing in the futures market.

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  #10 (permalink)
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Just a term used by VSA traders as it hits and breaks the channel. I maybe one of the few that use. I just cannot think of what else to call it. I am still working my trading, not an expert.

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K

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