Timing Alternatives

[walterw]

Nice nice charts as usual Brown ¡¡ on this case you whent right into posible setups... on my vocabulary the two type of setups you refer to, would be "coil break" and "flip"... the coil break was the break of that wonderfull rectangle (coil) and the flip would be the re-test of old S&R levels....

Thru candles we can have a complete new set of simple timing methods as also discussed on the corner... one is the close itself of a key candle on a key area setup... the other can be the swing high/low of a key candle on a key level setup... NOW... adding candles to price action readings as Brown gave us this powerfull examples can be one of the most simple and yet efective way to trade the markets....

the setups : coil breaks, false breaks, flips, continuations, extreme reversals are just a few to mention on the setup world that can be so well detected thru the powerfull candle aproach... thanks Brown for great inputs ¡¡ as always it is a pleasure to interact with you ¡¡ more insights will be strongly apreciated ... cheers Walter.

[Minetoo]

James:
Can you post a video of your CCI hook method?

[walterw]

OK let me add a very small detail I am actually using on my timing that can give you a very interesting edge... this is on the case of a "pivot swing" timing... remember I am a scalper myself so its viewed from a scalper point of view, but may also be tested on diferent time frames...

on this case you have the pivot swing type of timing being slightly modified... instead of taking the first break, you may want to take the trade on the second attempt... this way you can avoid false breaks and have more confidence on the entry...

on this chart you can see the concept :



and a real world example :



screen time is the best way to see this timing edge... normally you get a small bounce before doing the real break...

ok... thats my latest 2 cents, cheers Walter.

[brownsfan019]

And another from today Walter:

3 Min ES chart from 2-27-08 AM session

[Soultrader]

	Quote:	Minetoo
	James: Can you post a video of your CCI hook method?

Please see video I posted today in the premium section. It shows how I use CCI to time trades. Thanks.

http://www.traderslaboratory.com/for...-cci-3531.html

[brownsfan019]

Here's another one that formed today Walter:




The key for me here is to see OBVIOUS Support/Resistance and then consider a play until it fails. And it WILL fail sooner or later.

[Soultrader]

	Quote:	brownsfan019
	Here's another one that formed today Walter: The key for me here is to see OBVIOUS Support/Resistance and then consider a play until it fails. And it WILL fail sooner or later.

Nice one Brownsfan. Excellent opportunities for rangebound trading after the initial move up. Notice the stopping volume at the 5min WRB also. Showing clear selling.

Note: Also the resistance is teasing the VAH and previous day high level. Good level to play.

[brownsfan019]

	Quote:	Soultrader
	Nice one Brownsfan. Excellent opportunities for rangebound trading after the initial move up. Notice the stopping volume at the 5min WRB also. Showing clear selling. Note: Also the resistance is teasing the VAH and previous day high level. Good level to play.

All sorts of things to consider James!

I did not know that VAH and PDH was there as well. The more, the merrier!

[walterw]

	Quote:	brownsfan019
	And another from today Walter: 3 Min ES chart from 2-27-08 AM session

good good good... so we have in this case a piercing pattern right on old resistance new support (flip)... in terms of "timing" would the swing of the high of the piercing pattern be the place to enter ( above the high of the green candle )... or other alternatives ? thanks Brown.

[brownsfan019]

	Quote:	walterw
	good good good... so we have in this case a piercing pattern right on old resistance new support (flip)... in terms of "timing" would the swing of the high of the piercing pattern be the place to enter ( above the high of the green candle )... or other alternatives ? thanks Brown.

Walter - there's a few ways to enter:

1) Aggressive - have a resting order there to buy.
2) Buy @ close.
3) Buy above the high.

Just depends on how quick you want to get in, of course knowing that you can take some heat, esp. on resting orders.