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pres78 replied Dec 20, 2021100 bars back on a 15-minute chart is not too much. You see strength and I do not. To each their own.
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pres78 replied Dec 20, 2021No strength on that chart. MA's are down, the faster MA is below one of your slower MA's. Low of the previous highest volume is above price. Today's highest volume is below the previous highest volume. What you said is strength is not.
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pres78 replied Oct 7, 2021Honestly, most days I would bypass that 2BR even if that LO zone wasn't there... the shared level is nice support and there appears to be room to hit 1 to 1 by the 50% BUT the upbar was a little too ugly for me with all that upper wick.
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pres78 replied Oct 6, 2021Price is moving sideways... NS followed by lack of follow-through to the upside... choppy, messy, no "trend" to trade. Time to stand aside and watch for clearer PA... 1 min is tough.
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pres78 replied Oct 6, 2021For me I have found the best trades off the 50% level are right after the zone forms, break of the H and a return down into the buy zone formed between the H and 50% (or reverse for shorts). I find when price has moved a long ways away I like to see ...
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pres78 replied Oct 6, 2021I also meant no disrespect in my response... just a long-standing pet peeve, I guess. I hope my response offered some value to you.
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pres78 replied Oct 6, 2021Also, as I am sure you have seen me say... if you are going to ignore the MA... take it off. Drives me nuts when people have a MA on their charts and constantly trade against it.
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pres78 replied Oct 6, 2021No as the move down was quite aggressive and that zone H is very close. I'd want to see a new break of the H or at least very clear signs that buyers are there and sellers are not.
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pres78 replied Oct 3, 2021That is the same for me. I find most times price will travel from yesterday's zone and then form today's zone at the days H or L... OR If the price is away from YHVZ, price again will form THVZ near or at the days H or L and then travel back to the ...
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pres78 replied Oct 1, 2021Different broker, a different view, which goes back to what HG says about trading what you see. On my charts, that second 2BR was a true pres78 2BR with bar 1 on increased volume.
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pres78 replied Oct 1, 2021Not picture-perfect BUT since its volume was still higher than bar 2 and bar 2 dipped lower, closed on its high and fully engulfed bar 1 I would trade it every time. Shows lack of selling interest and ease of moving upward.
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pres78 replied Oct 1, 2021Nice trade. There was another nice pres78 2BR right at zone H too and an NSP 2 right after the first 2BR. I love that people still call those pres78 2BRs. The second 2BR would have been a nice place to add a second position with a tighter SL... also ...
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pres78 replied Sep 21, 2021VSA would say the low of the ND is to be taken out within 2 bars (I think going from memory). That ND was never proven as weakness and in fact, the bar right after showed no sellers... so if you have no buyers and no sellers, the safest thing to do ...
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pres78 replied Sep 21, 2021Low of the ND was not taken out, so there should have been no trade, anyway. NS right after.
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pres78 replied Sep 19, 2021I remain a part-time trader whose sole purpose is to retire as young as possible. My trading is part of that plan as it allows me to invest and grow funds outside of my retirement plans through my work and bank. When I retire, I plan to maintain a ...
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pres78 replied Sep 19, 2021Mic drop... the best advice I've seen on here in a long time. When I can watch the charts, I manage my trades manually by the market using zones as I would for entries. When I am away, I use an EA that trails for me, so I never get caught with an ...
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pres78 replied Sep 18, 2021Also, bar 3 is the first close below the green/red MA, not sure when it would have turned red during the live market. That lovely little bit of PA which all of which occurred on/after the break of the zone low was beautiful. Pinged the low on that ...
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pres78 replied Sep 17, 2021High volume, lack of volume, and bar formations at the right levels.
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