Timing Alternatives

[drsushi]

Brown,

I'm curious as to why you would not take a trade long on the test of the red candle with the long wick/shadow. What is it you are watching/looking for etc. If it were me, I would have thought I missed the trade after if broke 74.75 and tested it and went on up to 80.75, or I would have chased. Thanks

David

[brownsfan019]

	Quote:	drsushi
	Brown, I'm curious as to why you would not take a trade long on the test of the red candle with the long wick/shadow. What is it you are watching/looking for etc. If it were me, I would have thought I missed the trade after if broke 74.75 and tested it and went on up to 80.75, or I would have chased. Thanks David

I'm guessing you are referring to this one (screenshots help when trying to explain one candle when I've posted 2 different charts):



On that hammer, you could long there for sure.

And depending on how you enter, you may or may not have been filled. From that point forward, it's about trade management.

[walterw]

	Quote:	brownsfan019
	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.

yeap, I see and obviously that will give diferent RRR`s as well...

cant get more clear than that... thanks Brown.

[walterw]

well nice setup and timing thru candles and key S&R levels presented by Brownsfan... the Flip (S&R changing roles) is a very simple way to aproach the markets, in this case its interesting to see it on a 3 min scale...

I add this chart wich has one of Browns examples, notice on the same day how we got another clear flip on ES




for more concepts on flips this thread http://www.traderslaboratory.com/for...ance-1714.html it has some good info, now it is more a scalper type trading, on 3 min we can go for more longer trades...

another example :



maybe we should start a ES candle flip thread... cheers Walter.

[HAL9000]

	Quote:	walterw
	maybe we should start a ES candle flip thread... cheers Walter.

Hi Walter,

well, I think that you don't know me yet, but I really like your work here (just to all others, that I don't mention here, here are a lot of very good people).

Currently, I've implemented some of your ideas. So far mostly the indicators (and the developers will be remembered, thanks a lot).

Anyway, while I was watching my current chart today (1000 tick, 2000 tick, it really doesn't matters), I saw a long, long flip for scalping to the short side at, lets say, 1368.00.

Yes, maybe you should start a new thread.

I would really appreciate it.


Regards,

Hal

P.S.: And I have to say thank you anyway.

[walterw]

	Quote:	HAL9000
	Hi Walter, well, I think that you don't know me yet, but I really like your work here (just to all others, that I don't mention here, here are a lot of very good people). Currently, I've implemented some of your ideas. So far mostly the indicators (and the developers will be remembered, thanks a lot). Anyway, while I was watching my current chart today (1000 tick, 2000 tick, it really doesn't matters), I saw a long, long flip for scalping to the short side at, lets say, 1368.00. Yes, maybe you should start a new thread. I would really appreciate it. Regards, Hal P.S.: And I have to say thank you anyway.

well nice to meet you Hal, and thanks for your kind words... as you know the process of colaboration is a process where we all grow together... I had received lots of great help in the same dimension as my inputs on this forum, but certainly it was posible thanks to the spirit of respect we have here on TL... and that is something we must be greatfull to James for installing that etiquete, about a new thread on ES flips it would organize the topic, we will get there... all interactions are very welcome Hal, cheers Walter.

[SunTrader]

I've always used timing in terms of TIME.

I.E. time of the day, week, month and cycles dynamically calculated.