Db's Cajas Famosas

[erierambler]

	Quote:	Bearbull
	Great example of hinges and midpoint support for high probability trades on NQ

Bearbull, what considerations would have you be sure the probability was to the downside?
erie

[Susana]

I don't trust hinges and triangles that much. Seen to many of them fake and fail in my time.

Susana

[Bearbull]

	Quote:	erierambler
	Bearbull, what considerations would have you be sure the probability was to the downside? erie

Combination of factors:
Resistance from the left, climatic vol. first around 1960 on the 12th , then around 1980 for the 13th June.

One could enter at dead centre (Wyckoff term) prior to breakout, with very small stop loss or wait for a breakout with increased vol and a slight retracement (No demand in VSA jargon) on a limit entry.

[Bearbull]

	Quote:	Susana
	I don't trust hinges and triangles that much. Seen to many of them fake and fail in my time. Susana

Goes with any setup, depends on the context, wyckoff employed it to great advantage, that is good enough for me.

[DbPhoenix]

Regarding resistance, there are several ways of looking at it. One can, for example, plot a volume distribution (the hinge is circled):

Drawing a line below the bottom of the middle distribution gives one a zone on which to focus, particularly when price opens below this zone (price also opened below this zone the previous day, leading to another profitable trade):

Or one can draw a box around the congestion:

Or one can use plain ol' S/R lines, noting the test of the previous day's high:

All ways of illustrating the same thing. And it doesn't require special software.

[Tannism]

Very clever teaching technique. Nueva percepcion.

[Upthrust86]

The first two are OK in hindsight, but don't seem very practical in real time.

[DbPhoenix]

	Quote:	Upthrust86
	The first two are OK in hindsight, but don't seem very practical in real time.

It would be difficult to post Wednesday's and Thursday's action ahead of time, but this is what one would have plotted Tuesday evening, if he were to plan out all of this in advance, which is, after all, the whole point.

The support and resistance levels for tomorrow, as well as the midpoints, are now done, in the previous post (though the truly prepared will want to include Friday). Anyone who's noted them can now plan out his trades. In advance.

As to the first two being "OK", all four present the same information.

[Upthrust86]

	Quote:	DbPhoenix
	As to the first two being "OK", all four present the same information.

That was "OK in hindsight," the operative word bring hindsight.

[DbPhoenix]

	Quote:	Upthrust86
	That was "OK in hindsight," the operative word being hindsight.

And, as I said, all four present the same information. In any case, if you're interested, here's what you should have for today, at minimum. If you don't know in advance what you're going to do at each point, then you're not prepared.