[brownsfan019]

Another idea Walter that kind of piggybacks on yours is to use simple support/resistance areas. For example - as price breaks a level, look for a reason to either go with the break or anticipate a false break.

Here's an example from today:



Here you can see an obvious box from the open till about 10:50am.

And then blast off on the 10:51 candle that breaks the zone like it wasn't there.

As the saying goes - old resistance becomes new support.

[brownsfan019]

In the example I posted above, if you waited for a test of the old resistance/new support level, you'd be up a nice little profit currently.

Entry: approx 1371
Current: 1378

Idea being using obvious support/resistance zones for reasons to look for trade - either on the break OR level being held and then use whatever you use to time your entries. Here, good old candlesticks gave us at least 3 opportunities to get long.

[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]

Originally Posted by 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.