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Reading Price Action


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Reading Price Action

  #1 (permalink)
 GarryM 
Tucson AZ
 
Experience: Intermediate
Platform: Ninja
Broker: Interactive Brokers
Trading: es
Posts: 80 since Jul 2009
Thanks Given: 33
Thanks Received: 138

Reading Price Action Guys,

Attached is a screen shot of the results of reading price action 6:30-6:55am (PST).

This is in no way intended for any other reason than to show the newer traders
that money can be made by reading price action.

The day is young, have a great one. This was posted by mistake to a private forum with
Big Mike early this morning.

If it is of interest to anyone I would be happy to mark up some charts on a weekly basis.
Just let me know.

Garry

Attached Thumbnails

Attached Thumbnails
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Name:	PRICE ACTION RESULTS FOR THE FIRST 25 MINUTES OF TRADING ON 082709.bmp
Views:	963
Size:	3.21 MB
ID:	1440  
Started this thread
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  #2 (permalink)
 jonesr9 
FL
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, 6E, CL
Posts: 71 since Jul 2009
Thanks Given: 159
Thanks Received: 34

Hi GarryM,

I'm definitely interested in knowing how to read Price Action on your attachment or even a chart.

Thanks, Rich

  #3 (permalink)
 
max-td's Avatar
 max-td 
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
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That topic should be worth more reports + lessons for shure Garry!

max-td
  #4 (permalink)
 
jdella's Avatar
 jdella 
Concord, NH USA
 
Experience: Intermediate
Platform: Ninja trader
Broker: AMP/CQG
Trading: ES
Posts: 182 since Jun 2009
Thanks Given: 140
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I too would be interested, Gary.

Thanks, Jeff

  #5 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


GarryM View Post
Reading Price Action Guys,

Attached is a screen shot of the results of reading price action 6:30-6:55am (PST).

This is in no way intended for any other reason than to show the newer traders
that money can be made by reading price action.

The day is young, have a great one. This was posted by mistake to a private forum with
Big Mike early this morning.

If it is of interest to anyone I would be happy to mark up some charts on a weekly basis.
Just let me know.

Garry

Attached Thumbnails

Gary,

What Ninja window "Pane" is the attached picture. I've looked at all the "Panes" (i. e. File --->New --->Level II, Market Analyser, etc), and I cannot get that "Pane". Is it because I'm on SIM mode ?

Yes, I want to be able to read Price Action without recourse to Candle Stick nomenclatures and jargons. I'll love this thread.

Lolu

Visit my NexusFi Trade Journal
  #6 (permalink)
 bermarti 
Eau Claire, WI USA
 
Experience: Intermediate
Platform: ninja trader
Broker: Amp Futures/ zen Fire
Trading: ES, 6E, ZN
Posts: 12 since Jun 2009
Thanks Given: 53
Thanks Received: 3

I also would be interested in your ideas and thanks for being willing to take the time and effort to share.

  #7 (permalink)
 
Eternum's Avatar
 Eternum 
Washington, DC
 
Experience: Intermediate
Platform: Investor/RT, S5 Trader
Broker: Stage 5 Trading / IQFeed
Trading: ES
Posts: 22 since Jun 2009
Thanks Given: 6
Thanks Received: 17


lolu View Post
What Ninja window "Pane" is the attached picture. I've looked at all the "Panes" (i. e. File --->New --->Level II, Market Analyser, etc), and I cannot get that "Pane". Is it because I'm on SIM mode ?

I'm not Gary, but dare to jump in :-) This is not Ninja. This is InfinityAT, other trading soft similar to Ninja but much more limited in functionality (which is not necessarily bad and, in fact, I like it more than NT because it is simple and straightforward, but YMMV)


  #8 (permalink)
 
Eternum's Avatar
 Eternum 
Washington, DC
 
Experience: Intermediate
Platform: Investor/RT, S5 Trader
Broker: Stage 5 Trading / IQFeed
Trading: ES
Posts: 22 since Jun 2009
Thanks Given: 6
Thanks Received: 17


GarryM View Post
If it is of interest to anyone I would be happy to mark up some charts on a weekly basis.
Just let me know.

Count me in. Also it would be highly beneficial ( I think :-) ) if you can shed some light on how do you use/interpret volume in this case.


  #9 (permalink)
 
esscalper's Avatar
 esscalper 
UK
 
Experience: Advanced
Platform: NT & CQG
Broker: zen-fire
Trading: ES 6E 6B
Posts: 17 since Aug 2009
Thanks Given: 1
Thanks Received: 25

Hi Guys

I have this indicator which is a ninja add-on from a company called MoneyFlowBars: Products

The only reason I mention it is, they offer a free trial, I've been using it for abt 1 yr and gives me extra confirmation when I'm entering a trade.

see my attached chart, i have had to remove some propertiary stuff off the chart but I was looking to sell today 1035 area, the print+ highlighted the fact also, you look for a zero on the bid (buy) or ask (sell) to confirm your level, at the time it showed up red on the 1035.00 price column so thats good enough for me to get short.

Happy days.

Regards
esscalper

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ID:	1447   Click image for larger version

Name:	es 3min.jpg
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ID:	1448  
  #10 (permalink)
 duddy 
spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen
Trading: ES,EUR/USD,
Posts: 1 since Aug 2009
Thanks Given: 0
Thanks Received: 0


looking forward to explore reading price action with you.Thanks


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Last Updated on April 22, 2011


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