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All you need

  #621 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
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So let's see the next bar of this chart.... I want to see if I was right !

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  #622 (permalink)
 jonesr9 
FL
 
Experience: Intermediate
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I would expect a pullback then a possible continuation to the upside.

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  #623 (permalink)
 
alex123's Avatar
 alex123 
Toronto
 
Experience: Intermediate
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My understanding from Tro's posts, we may just trade one direction in a session (5 min, 1 hour, whole moring, afternoon, and day, whatever), simply follow the bigger time frame's trend to trade. Just my two cents.

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  #624 (permalink)
 
Dragon's Avatar
 Dragon 
Bellingham, WA
 
Experience: Intermediate
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jdella View Post
My question is in order for you to achieve the Black Swan once you are in a trade I know you have a specific SL, but where do you take your profits? Predetermined PT or something else?

Thanks

I am wondering the same thing Jdella. If you want to catch the black swan (runner) seems to me you wouldn't want to put a target up and you would just wait for reversal and close then. Otherwise you miss the black swan off the daily low (if that is what you are waiting on_.

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  #625 (permalink)
 
Dragon's Avatar
 Dragon 
Bellingham, WA
 
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jonesr9 View Post
I would expect a pullback then a possible continuation to the upside.

See this is why I suck at price action. How do you draw this conclusion jones? I see a green doji and a red spinning top (I think that is what its called) to signal a continuation of the downward trend after small pullback.

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  #626 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 210 since Jun 2009
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Question TRO

Looking at your history charts it looks like you wait for a say red bar, and then go short breaking the low of the 2nd red bar, or am I missing something.

Pete

PS. Keep this up. It's great.

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  #627 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


jdella View Post
My question is in order for you to achieve the Black Swan once you are in a trade I know you have a specific SL, but where do you take your profits? Predetermined PT or something else?

Thanks

I know I answered that question earlier in the thread.

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  #628 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


alex123 View Post
My understanding from Tro's posts, we may just trade one direction in a session (5 min, 1 hour, whole moring, afternoon, and day, whatever), simply follow the bigger time frame's trend to trade. Just my two cents.

TREND IS A MYTH!

You pick one direction to trade and stick with it or else the rat will beat you.

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  #629 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


Dragon View Post
I am wondering the same thing Jdella. If you want to catch the black swan (runner) seems to me you wouldn't want to put a target up and you would just wait for reversal and close then. Otherwise you miss the black swan off the daily low (if that is what you are waiting on_.

You do not get a black swan everyday or week or month.

Go back and read the definition of BLACK SWAN.

You can catch the reversals or breaks each day, week, month...

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  #630 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



Dragon View Post
See this is why I suck at price action. How do you draw this conclusion jones? I see a green doji and a red spinning top (I think that is what its called) to signal a continuation of the downward trend after small pullback.

All you see is HISTORY. The market is CLOSED. There is no price action.

You need to unlearn all of that stuff or the rat is going to beat you.

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