the easy edge for beginner traders

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will wait to see if we break above 12.75-

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4- trendline off past high area of item 5 -

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trendline 4 will adjust if new higher high placed

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6- 12.50 short called to 1 tick -
7-s/r fractured -looking for channel play between yellow and blue -04 good exit for those that dont want to sit all day

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8--nice low risk bounce for 6 points

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creekboy

8--nice low risk bounce for 6 points

Would you post your entry price and exit price? I'm having some difficulty seeing where you got the 6 points. Thanks. Nice thread.

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item # 9 -if you waited was the premium set -but remember -that #9 set is from a smaller move pattern - the 50% line is from the longer term move as this is a counter trend trade untill the 50% line is set upon

12.5 points on the down run
nearly hit the 6 point target on the upswing

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notice the new low prior to 10:50 est -see how the computer uses the last recent high -check the 50% fib

maybe 94.75 is a # to watch now--

remember long term trend is down untill the 565/1400 cross north

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this pic is the wall of 4 major resistance lines 2 in blue and 1 green and 1 purple - notice how wide or thick the wall is approx 4 points -the narrower it gets the easier it is 2 break through -as the longs try to find a base in here -

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1- building a confidence base -

notice the wall is getting smaller

we now have 5 lesser support lines trying to break down 4 greater resistance lines

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#2 -super nice low risk entry signal - study these and get to know them financially -

at this time my 94.75 would have been better played at 97.45

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your 99 long is above the wall and we need to see the 565 cross above the 1400 -then we could maybe see 18 from the low -time will tell - stop below the low -

when you get to mutiple contracts -always reduce to set your self up for a free trade aagreement -
thus when trading 2
exit 1 when up 2 points in this case -that way if your 99 runs against you -with your exit @ 97 -you have a free trade -and with smaller risk its even better -

be back after lunch at some point-goodluck

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#2 beautiful 3 line set up --off the 50%

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3-here are the fibs from the low back around 10:13 est -see how they played them for levels out this far in time -

the upper green line is the cross of the 2 blue lines to the left of the chart

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creekboy

.. i was @ 10 billion
..
so run with it and do some good -as it works on everyticker symbol that has action -grain -metals -es -currency -

Before James Dimon whisks you away may I ask how did you come up with this method?

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sure you can ask - last summer i was working with a guy while his partner was in russia i believe -and at the most volitile point of last summer i called 250 points of profit in either 3.5 days or 4.5 days -i wouldhave to check the log to confirm the time distance -so i have been doing it for a while now -oh -i did call the 666 bottom of the s&p also -oh but you want to know when i figured out how to do this -some of us are born with it and some of us its thrust upon - its been quite a while -i am sure with your system you can comeup with years of trades to confirm your method as i can -tell Mr James Dimon i said hello

p.s. also called the top using US steel as my benchmark way back in what year-

look at a 20 year monthly chart and tell me what you see-

will also be looking for positive post on this thread from you -thanks cory

item #4 -time cory asked a question -glad he is still referencing this post

cory

Before James Dimon whisks you away may I ask how did you come up with this method?

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Hi @creekboy,
Can you please describe what triggers an entry? Keep up the good posts. Thanks.

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-then we could maybe see 18 from the low -time will tell - stop below the low -

well we got 16.5 points from base -was looking for a touch of 1315 as friday is the 153 day of the year -thats close enough -will be off friday -have a nice weekend -

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tf-- i spread this out to show what i see

item #2 -good mid range entry -

notice the market is above all blue trend (s/r) lines
its also above the 565 ma
it had 3 chances to break the 1400 ma

thus item #2 is the cross of the 30/150 techincal crossover after holding all the other supports -

i will try to clarify these over time as time allows

timefreedom

Hi @creekboy,
Can you please describe what triggers an entry? Keep up the good posts. Thanks.

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-then we could maybe see 18 from the low -time will tell

today is 153rd day of the year with 213 to follow
1-8 top area
9 213
1293

exited my short from overnight for 25 points -off today

sometimes luck just comes your way

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LOLU--your 5 min chart from the other day -has some interesting thoughts of movement patterns -my guess is back to 07 area form looking at it -see what you think-

hope to be back monday

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creekboy

LOLU--your 5 min chart from the other day -has some interesting thoughts of movement patterns -my guess is back to 07 area form looking at it -see what you think-

hope to be back monday

creekboy,

Could you please explain what is happening at 1, 2, and 4, on your posted chart screenshot; and how you'll make an Entry decision, based on the setup criteria and your method. Eh, where is 3 ? Also, are those three horizontal lines to be taken as S/Rs, or just the middle one ?

Have you gotten any suggestion on the MAs for 5 Range chart ?

Lolu

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creekboy

LOLU--your 5 min chart from the other day -has some interesting thoughts of movement patterns -my guess is back to 07 area form looking at it -see what you think-

hope to be back monday

creekboy,

... and this is my EasyEdge 5 Minute chart setup, courtesy of @ Cory's indie for NT;

Lolu

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Creekboy, what do you think of my attached CL chart in preparation for the next trading session?
I used the fibs for the ma's as TMFT suggested.

It's quite fascinating.

Please continue.

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Made a change. Now what do you think?

ETA: Changed the support/resistance slightly again.

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1- is 5 min trend line base on the 565/1400 ma movement -

2-first break of intermediate 30/150 ma, after the high

4-the zone where the price broke with the 30/150 below the 5 min trendline all at the same time -look at it like the edge of a giant sinkhole

3- was the removal of the 565/1400 ma's for just being able to see the chart more clearly

lolu

creekboy,

Could you please explain what is happening at 1, 2, and 4, on your posted chart screenshot; and how you'll make an Entry decision, based on the setup criteria and your method. Eh, where is 3 ? Also, are those three horizontal lines to be taken as S/Rs, or just the middle one ?

Have you gotten any suggestion on the MAs for 5 Range chart ?

Lolu

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lolu -i see many errors on your setup -but with out providing me the ma's your charting with it will take me too long to dial in the ma's you are using--it only takes less than 2 min to set up any chart or check if the ma's you are testing are listed -thanks for posting

lolu

creekboy,

... and this is my EasyEdge 5 Minute chart setup, courtesy of @ Cory's indie for NT;

Lolu

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plethora - you 2 lowest trendinles -remove the lowest 1 and use the next higher up than -take that at the same starting point you have and split the last high zone pocket -the breakdown in the middel of that uppward move had no conviction in my eyes -

plethora

Made a change. Now what do you think?

ETA: Changed the support/resistance slightly again.

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creekboy

lolu -i see many errors on your setup -but with out providing me the ma's your charting with it will take me too long to dial in the ma's you are using--it only takes less than 2 min to set up any chart or check if the ma's you are testing are listed -thanks for posting

creekboy,

The MAs settings for the 5 Minute chart are as you suggested; FastMA ---> 27, SlowMA ---> 70

Lolu

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ok -

its 7am here -i am going to breakfast -will work on these a little today when i return -please be patient

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creekboy

plethora - you 2 lowest trendinles -remove the lowest 1 and use the next higher up than -take that at the same starting point you have and split the last high zone pocket -the breakdown in the middel of that uppward move had no conviction in my eyes -

Creekboy, when you return from breakfast would you kindly mark up a chart of the CL so I can see your vision.

Thanks in advance.

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please forward ma's and time or tick -thanks

plethora

Creekboy, when you return from breakfast would you kindly mark up a chart of the CL so I can see your vision.

Thanks in advance.

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lolu - here is my 5 min chart of the 6e-it does not match yours

creekboy

lolu -i see many errors on your setup -but with out providing me the ma's your charting with it will take me too long to dial in the ma's you are using--it only takes less than 2 min to set up any chart or check if the ma's you are testing are listed -thanks for posting

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creekboy

please forward ma's and time or tick -thanks

In my charts above:

Instrument: CL
Timeframe: 133-tick
SMA's: 144 and 55
Dates: May 30 through present
Time: 4:15 a.m. PST or 7:15 a.m. EST on May 30th I bisected the first moving averages present on above charts to the left.

Thank you.

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creekboy

lolu - here is my 5 min chart of the 6e-it does not match yours

There aren't any trend lines.

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lolu -here is some 6/e setups -

1- 27/70

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3--short under s/r double line --stop is the high on the left edge of circle -short zone is the 700 ma which is now 3 walls of s/r

4- reversal zone text book long --stop below the low -

what would the profit be on this setup
shorting 1.2546 and reversing at 1.2371

also what would the risk be per the entry short price 1.2546 with a stop at 1.2574

now granted if you did not ride the entire short to reversal what would the risk be going long at the base?

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1- thursday super nice short entry-87.70--risk was 88.33-- it has not given a reward signal as of yet at 83.24 -

1- is also a solid 4 x-s/r short signal

test higher mutiples such as

2- current level to watch--blue dotted trend is 220/576

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creekboy

lolu -here is some 6/e setups -

1- 27/70

creekboy,

You seem to be having two MAs combination on the same 5 Minute chart: 27/70 and 270/700, and the 270/700 looks better on your chart, however, 270/700 does not even show up on my chart; 27/70 shows up quite well on my chart and in sync with your 270/700, and your 27/70 seems the same as my 2/7 .. could the platform you're using be causing the difference ... I suppose that you're on TOS.

Have a look at another screenshot of 6E @ Asia opening hours on Friday last week.

Lolu

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lolu - using eastern standard time zone -please give me the time and day on the left and right of the chart posted -thanks

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creekboy

lolu - using eastern standard time zone -please give me the time and day on the left and right of the chart posted -thanks

creekboy,

My Time Zone is same as Berlin which is GMT+1, but which is the same as London at this time of the year. If I know the time hour difference between EST Time Zone and GMT, then I can give the times and day as you've requested. Which City or Town do you have in mind ?

Lolu

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if this helps newyork city is eastern standard time zone .

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NYstateofmind

if this helps newyork city is eastern standard time zone .

creekboy,

It is 6:11PM in NY right now; and it is 11:11PM here ... 5 hours time difference. So, subtract 5 hours from the times you see on my chart to get your time; and the day was Friday last week.

Lolu

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lolu -here is the pattern i show on the 27/70 setup -but i have to tell you -even if you cant get the 220/576 -find the mutiple that will work for you -27/70 -mine are just suggestions -if 98/280 will work then set it up -

but no matter what i do -for me the last chart is the hot play

lolu

creekboy,

You seem to be having two MAs combination on the same 5 Minute chart: 27/70 and 270/700, and the 270/700 looks better on your chart, however, 270/700 does not even show up on my chart; 27/70 shows up quite well on my chart and in sync with your 270/700, and your 27/70 seems the same as my 2/7 .. could the platform you're using be causing the difference ... I suppose that you're on TOS.

Have a look at another screenshot of 6E @ Asia opening hours on Friday last week.

Lolu

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creekboy

lolu -here is the pattern i show on the 27/70 setup -but i have to tell you -even if you cant get the 220/576 -find the mutiple that will work for you -27/70 -mine are just suggestions -if 98/280 will work then set it up -

but no matter what i do -for me the last chart is the hot play

creekboy,

220/576 doesn't show up at all. See what I have for 98/280 ... I'll test-drive this MA combination for today and see if I can stick to it. Have a look at it in the attached screenshot @ Tokyo opening hours.

Lolu

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@creekboy,
Keep those es charts coming. Thanks.

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es -thoughts for today as of 7:18 est

1-- nice text book setup area -if long form this zone -you would have accepted approx 5.5 points of risk -currently 10 points of profit -2 to 1 r/w is a little tight on a heavy down trend bounce

2--notice where the 30 ma broke the trendline -how the market used it as a top intermediate pivot zone

3-nice set at this writting off the 1400 ma looking for a top in and around the 82.25 zone
1400 - 565 =8.35 + 1273.33 (price level of the ma @ the set)

=12 81.68--target zone

timefreedom

@creekboy,
Keep those es charts coming. Thanks.

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pay attention over time to those 30/trendbreaks for channel scalping trades

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lolu

creekboy,

220/576 doesn't show up at all. See what I have for 98/280 ... I'll test-drive this MA combination for today and see if I can stick to it. Have a look at it in the attached screenshot @ Tokyo opening hours.

Lolu

creekboy,

Now, let me test-drive the Tick chart style, but on a higher frame. So, what MAs would be good for a 700 tick chart instead of your 133 Tick chart ?

Lolu

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=12 81.68--target zone

anyone who shorted 1281.25 is a very happy person at this point - reduced 1/2 @1274.50 -will let the rest ride with stop just above the high 6.75 points captured -2 tick risk 13 to 1 r/w ratio - very good return -looking for a close around 1266 but just hoping it stays below the high in place good luck today--

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plethora -did not pay attention to the time i donate teaching others -no good deed goes unpunsihed -

creekboy

1- thursday super nice short entry-87.70--risk was 88.33-- it has not given a reward signal as of yet at 83.24 -

1- is also a solid 4 x-s/r short signal

test higher mutiples such as

2- current level to watch--blue dotted trend is 220/576

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anyone short from 81.25 -may want to exit @ 66.25 -do to closing #

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78.25 is my pivot

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1- nice bounce entry -7 ticks of risk -triple level line up of s/r

make sure you exit 1/2 on multiple contract trades to get -free traades if your stopped out

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huge wall

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wall much smaller after 1 tick lower

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2- nice long set off the 50% tag

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wall crushed

those that took the 66.25 long should be smiling now

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3- target zone

yellow box major s/r area

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3- target hit - i am done for today --81.50 to 66.25 back to 79 ----27.5 points -not sure what tuesday will bring

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creekboy,

You've not responded to my post in post #149 ... I want to test-drive higher chart frame.

Lolu

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-i thought you were testing this -first off is this for the 6E ?on a 700tick basis and you were using 27/70 if my memory proves correct -so is the a mutiple of those # s whether higher or lower that will work on the 700 tick -was trading today -but let me know please if you are referring to the question above .

lolu

creekboy,

Now, let me test-drive the Tick chart style, but on a higher frame. So, what MAs would be good for a 700 tick chart instead of your 133 Tick chart ?

Lolu

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creekboy

-i thought you were testing this -first off is this for the 6E ?on a 700tick basis and you were using 27/70 if my memory proves correct -so is the a mutiple of those # s whether higher or lower that will work on the 700 tick -was trading today -but let me know please if you are referring to the question above .

This is a new request. I just want to venture into higher chart frame (if feasible). I'm still on Euro (6E).

Lolu

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now so you know lolu -i do not have a 700 tick access on tos -is there is a way to adjust it let me know -i believe i go from 512 to 1600 area

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i will check 512 on the 6e

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creekboy

i will check 512 on the 6e

You mean, 512/1600 ... Right ?

Lolu

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lolu - cl on a 512 tick chart with the 27/70 ma's for crossovers ( 3 setups)

1- long reversal -

2- nice short setup

3- long reversal -looks like high risk as the green base line is nearly 2 full points up from bottom -

4- prime short setup

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cl - 512 tick

1 -super short setup --low risk

2- long setup - but high risk

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just realized i grabbed the cl by mistake - 6E next give me a min

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6e--135/350

1 super short setup

2-135 ma breaks trend

2-A ---- nice pullback entry point after fast break bottom -

3--- green current support

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creekboy

6e--135/350

1 super short setup

2-135 ma breaks trend

2-A ---- nice pullback entry point after fast break bottom -

3--- green current support

Yeah, 512 tick chart is good too; so 135/350 is it. I'll test-drive it on 6E.

Lolu

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-lolu - post a few charts with your results -thanks

lolu

Yeah, 512 tick chart is good too; so 135/350 is it. I'll test-drive it on 6E.

Lolu

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will just watch today -

short from 79 pocket -took 6 ticks of heat last night -will hold at this point with a target 53/54 -time willl tell -

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creekboy

-lolu - post a few charts with your results -thanks

creekboy,

Have a look @ my 512-Tick chart.

Could you capture this my screenshot below, and indicate the good setup/Entry points.

Lolu

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quite a battle today -

1- short zone has held

2- 30 ma beak of the trend line -good shorting area

3-blue and pink break down -

please note all the trends are different colors for easy identification -

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lolu - this was already done in post #170

lolu

creekboy,

Have a look @ my 512-Tick chart.

Could you capture this my screenshot below, and indicate the good setup/Entry points.

Lolu

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lolu - you would need to be fast as lightning to grab the short break of the # 3 adjust high support line

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but the shorts after that can be seen falling from the upper ma

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4- nice technical short -double resistance line at pink and blue -if this level breaks 1279.75 -i will be forced to exit the trade -

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flat minus 3 ticks @ 1280 exit

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creekboy

lolu - this was already done in post #170

Just responding to your post # 172 ... but I now put your chart in post # 170 side-by-side with mine, and what a perfect sync ... so I can now do higher frame (i. e. 512-tick).

Yeah, I note your comment on # 3 ... the SHORT @ # 3 could have been a trend line break ... but the Potential #4 is not looking good even now.

Lolu

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5- super nice ambush zone -have gone short again @ 81.50 -high risk

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# 3 -now have put the trendline in for the short side -

this trade has set short in reference to the 135/350 ma 1.2463 area was a good short zone with a stop above the high -which is high risk in my oppinion .

you would have been long form 1.234 area with a stop of 1.228 with a reward of 1.246

the short is high risk at this time -

note the pink s/r line is balanced off the last high as there is no low that works yet after the 135 crossed below the 350 -

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please remember -some days the side ways chop will not allow any great setups -

so study study study -many different tickers -while there is nothing to be made -

at some point you will be able to do it in your sleep

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6- short here at 81.50

7- 3 side ways bars of support -how far can it go with todays sideways chop

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8- first trendline after break of ma's -good quick short exit in sideways chop-or take the chance and let it ride

9- new adjusted trendline after new low -s/r line has not been entered yet

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10- fails we see # 11

but if the top breaks the upside short killing is unknow at this time

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#11- nice 4 leg set in sideways trend -

red major s/r bar fractured

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12- text book p/b entry in a uptrend high support with a 150 ma support line -easy scalper play

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13 - bounce off the 30 /trendline break

14 - tight risk short entry 1284 with a stop @ 1285 ---high risk as 86 will get you 89 -

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creekboy

as you seem to trade until mkt close, you mind respond to this trading Index at close. thks in advance

Trading YM/ES/TF at mkt close

awesome.
appreciate your input kbit !!!

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for some reason it wont allow me to open for review -is there somewhere else i can access it

emini_Holy_Grail

creekboy

as you seem to trade until mkt close, you mind respond to this trading Index at close. thks in advance

Trading YM/ES/TF at mkt close

awesome.
appreciate your input kbit !!!

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np. I am copying the contents here

Trading YM/ES/TF at mkt close
Does anyone Trad YM or ES or TF at mkt close? bet 2-3 pm cst?
how is it diff from mkt open?

I have seen mkt close is slower than mkt open, do you use same chart at the open and close, or slower chart at the close, example 50Ticks at open and 30Ticks at close

thks

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i trade the same pattern over and over -i do find that many times the real money account charts and the tos sim money charts are different in there data -but here is the current chart

1 - is new north move trend line --found s/r on the 565 and is balancing on the older trendline from earlier - notice how it seems to play the same channel distance above and below -

if the vloume is slower it just means my charts are slower in setting up

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1 - first high off of new upward trend from crossover

2- new trend line off of new high / also the breakline for closing -if you are fast enough to grab it -

3- nice shorting area below 30/150 and new trend

notice hard bounce off the major red line s/r area mentioned in and earlier post

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is that a 133 tick chart? i never use TOS

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yes its 133 tick -but try other chart combos and ma combos -find 1 that you like and stick with it and keep it to yourself and you wont have to worry about overloading your entry zones

emini_Holy_Grail

is that a 133 tick chart? i never use TOS

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its always interesting to see the overnight movement -compared to the trendlines from the daily session -

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1- notice the break of the 30/150 -how it became nice short support entry

also notice the 50% line of the major trend 565/1400 lines up with the 30/150 upside break back around 3:20 est

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lolu -6E chart in high risk zone -notice the 2 boxes are exactly the same height - when the trend line is minor the trade is high risk - now the top of the box on the left would be a nice short entry with low risk

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