In my opinion, it would be better to remain focused on the price action and the patterns than to begin what is typically the ruinous search for "filters." An edge will put money into your pocket over time only if you trade each appearance of that ...

Flag trading the trend

I too found Douglas's books (both Disciplined Trader and In the Zone have the 20 trade exercise). I'd recommend buying them as hard copies. This way you can read them away from the computer, you can underline and write margin notes and highlight and ...

Flag trading the trend

What is surprising to me, at any rate, is how trendy the moves in Bonds, Stocks, and Oils has been this morning. I have grown accustomed to FOMC days being snoozefests until the afternoon rate announcement.

Flag trading the trend

I'm not criticizing ... just sharing my own opinion. You've got a good thing going for yourself and a big kudos to you for sharing it here!

Flag trading the trend

On the 13r, yes. But the 18r has not indicated a short yet. Possible 123 short at 36 for the counter-trend traders EDIT: ... or a with trend continuation at 53.

Flag trading the trend

I think that it always better to trade price action rather than have rules not to trade. I wouldn't recommend taking a position a few minutes before the inventory numbers, but the pre-release and post release trades have been nice, and not just ...

Flag trading the trend

I'm not one to go for conspiracy theories, but it looks like someone was given advance look at the inventory numbers and placed a bullish bet. But who knows? Whatever it was, it's done and we are on to whatever happens next.

Flag trading the trend

So the way you trade this would $44.22 be a short sell entry based on current price action? EDIT: And would $44.52 now be a 123 long entry?

Flag trading the trend

As I understand your trade management, all but the first would have been good for a 15 tick profit. The first would have been either +8 ticks or BE. This assumes I understand your trade management.

Flag trading the trend

I'm not sure exactly what you are asking. Post report today I came up with the following potential trades on the 18t chart (I understand that you stop trading by 11:30 AM Eastern - this is for exercise purposes only): short 2B @ 70, short 123 @ 55, ...

Flag trading the trend

Broker platform - not ninja.

Flag trading the trend

Here you go - 18 tick, 24 hour image

Flag trading the trend

Here you go Divergence ... looks like a 123 of sorts triggered, but it would be a counter trend 123, as the trend is down and no trend line has been broken. A 2B short triggered at 78, which I would have taken if we were not so close to the ...

Flag trading the trend

Ok, I see. Funny thing is I've been using range charts for the last several years, and 123's and 2B's are my preferred set ups. But Uisng a line on close changes my perspective in a way that I will have to train myself to see. I would not usually ...

Flag trading the trend

Like so ...? image

Flag trading the trend

image

Flag trading the trend

Let's suppose for a moment that today was NOT inventory day and that you were trading. Is it a mistake to say that thus far there has not been a clear set up, either a 123 or a 2B as you define them?

Flag trading the trend

Very impressed with your simplicity and discipline.

Flag trading the trend

I meant to get this posted before midnight Eastern, but I'm a few minutes late. Well, Happy 7th birthday to the SonicR thread. Unfortunately it looks more like a sad remembrance, a mere anniversary notice, than a birthday party. Some good friends I ...

Sonic R. System

I did not know that sonic had such a service. It also appears as though traderathome has been banned from FF. Is this due to commercial activity also?

Sonic R. System