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Simple Trendline Bounce
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Created: by babypowder Attachments:3

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Simple Trendline Bounce

  #11 (permalink)
Market Wizard
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240m that's a whole day of waiting, anyway trend line bounce sounds catchy, here is my observation

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Simple Trendline Bounce-es-06-11-240-min-3_21_2011.jpg  
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  #12 (permalink)
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240 is long but the only timeframe that i can work with my schedule. You can zoom into a smaller timeframe and get a better entry and exit. But I can only set it and forget it (limit orders). TL bounce will be a point of interest S/R. Part of this thread is to help me set up for the future vs. hindsight trading and analysis which is holding me back.

6E- Took some idea AR01 posted before. Counter TL on pullback of trend just playing break. 2011-03-23_1446 - babypowder's library
CL- Previous H&S play is off. 2011-03-23_1500 - babypowder's library
ES- No plays, I want to see clear direction of trend and break of counter TL back to up trend. 2011-03-23_1507 - babypowder's library
SI- Looking for a bounce play up.2011-03-23_1509 - babypowder's library

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  #13 (permalink)
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6E


Only high probability setup I have currently is the 6E, attached you will see previous play was for a break of the counter TL but no green candles closed above the TL and price went back down, double bottom made with an IB buy limit placed at IB will play this SL at bottom of IB TP at least swing high, lets see what happens. 2011-03-27_1405 - babypowder's library

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  #14 (permalink)
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No trade

6E went the other way not filled, would have worked going the opposite way but not part of the game plan looking for a bounce play on the TL. 2011-03-27_1559 - babypowder's library

Looking to buy at this rectangle .61/.78 (brach) and TL,this looks to be a complex pullback 3rd swing hope to get on, needs to create a HH, if not then we are in a consolidation or reversal mood. We will see what happens. 2011-03-27_1619 - babypowder's library

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  #15 (permalink)
Market Wizard
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bounce at 100% fib ext. target 4046?

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Simple Trendline Bounce-6e-06-11-240-min-3_28_2011.jpg  
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  #16 (permalink)
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What the hell??

Can someone tell me why some instrument daily charts have gaps, even when NT7 data is set at 24/7 default (see attached). 2011-03-31_2324 - babypowder's library and 2011-03-31_2328 - babypowder's library.

P.S- I'm trying to switch to daily because I'm missing a lot of trades.

Thanks,
BP.

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  #17 (permalink)
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babypowder View Post
Can someone tell me why some instrument daily charts have gaps, even when NT7 data is set at 24/7 default (see attached). 2011-03-31_2324 - babypowder's library and 2011-03-31_2328 - babypowder's library.

P.S- I'm trying to switch to daily because I'm missing a lot of trades.

Thanks,
BP.

Try using 1440 minutes to eliminate the gaps.

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  #18 (permalink)
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What I'm looking for...

6E- 2 scenario's I'm looking for
1) A break of previous high, pullback entry long near horizontal line
or
2) Failed to create new high, LH entry short after TL break. TL bounce play not a high probability play because r:r not there.

2011-04-03_1938 - babypowder's library

CL- TL bounce play after new HH made.

2011-04-03_1944 - babypowder's library

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  #19 (permalink)
Market Wizard
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using free daily kinetic data the chart looks quite diff.

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  #20 (permalink)
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My data


Can you post what you mean?
Are you referring to my charts or your?

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