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Anfield778

Education on Learning Price Action

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I have been day trading for 2 years and have attended many courses on price action and interpreting trend via swing highs/lows. Yet I find myself very confused when day trading the emini on days when the swings are more complex.

 

There are times when price makes a lower high and lower low implying a short position, yet the bigger trend may not have changed. Are there other courses/videos that may explain this better and differentiate minor/major swings, clearly explaining how to trade multiple time frames etc?

 

thanks

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I have been day trading for 2 years and have attended many courses on price action and interpreting trend via swing highs/lows. Yet I find myself very confused when day trading the emini on days when the swings are more complex.

 

There are times when price makes a lower high and lower low implying a short position, yet the bigger trend may not have changed. Are there other courses/videos that may explain this better and differentiate minor/major swings, clearly explaining how to trade multiple time frames etc?

 

thanks

 

So what happened with Kevin Hudson?

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That's one of the problems with relying on trading rooms. In any case, since you've been daytrading for 2 yrs and have attended many courses and spent however much time in that trading room, it's probably going to take you a lot longer to learn this than someone who's just starting out.

 

Look at this thread and see if it appeals to you. If so, everything you need to know about trading price action is contained in the forum in which that thread resides. If you're the independent sort. If you'd rather be in a room, I can't help you there. But after two years, you really ought to be able to do this by yourself.

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Thanks DB. This is very useful.

 

My biggest mistake has been flipping between various trading methods in isolation (MP, MACD/RSI, Delta, etc) over the past 2 years and I have come to the simple conclusion, albeit very late, that price action trumps all the above.

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I have been day trading for 2 years and have attended many courses on price action and interpreting trend via swing highs/lows. Yet I find myself very confused when day trading the emini on days when the swings are more complex.

There are times when price makes a lower high and lower low implying a short position, yet the bigger trend may not have changed.Are there other courses/videos that may explain this better and differentiate minor/major swings, clearly explaining how to trade multiple time frames etc?

 

thanks

 

Are you not answering your own question here to a great extent?

My instinct is that you are looking for too much certainty on too small a timeframe.

 

As far as i can recall i don't remember anybody ever coming here and telling us they found the answers in a trading room.

Trading room related posts here fall into 3 categories.

 

A) promoters who tell us how good their room is.

 

B) Their shills who say the same thing

 

C) you are category C it's just a wunnerful industry ain it?

 

You could do worse than Wyckoff but,ultimately,you're going to have to work it out yourself.It could be you know some/many of the answers but just aren't satisfied with them or can't turn them into a workable approach.

 

You mention being confused by "complex swings".

Simple answer-remove them...you're overthinking it...look for simplicity.Daytrading is extremely difficult.

Why trade where you don't have an edge and then wonder why you have a problem....?

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No idea. Learned a little bit on price action from his room, but he just vanished!

 

Naturally he made damn sure he refunded any upfront fees...unless he's one of the really big names.

For some reason they have difficulty understanding the words theft and fraud.

 

 

Ah, here is the dog pony show

 

http://www.traderslaboratory.com/forums/market-profile/7929-channel-trading-com.html

 

 

today, Huddy, was just taking trades at closing out at 3-4 tics and moving the trailing contract at break even. he did this on most of his trades. he was basically taking a gamble on which way the market would break out when he notices a consolidation area. so when his trade goes 3-4 tics in his favor, he immediately moves to break even on his remaining contracts, and 99% of his trades today stopped out at break even on his trailers. but if the trade immediately goes against him, he will take the full stop out at 3-4 tics. I think i got his method. he does this small gamble on every single trade when he notices consolidation areas. he will take these little profit scalps or stop outs in hopes he will guess correctly and catch that huge runner to offset these little break even stop outs....

 

im not learning anything at all......

 

 

Not a bloody clue....

Edited by mitsubishi

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Anfield

 

One the problems you face is when you post on a site like this, is the possibility that the people who respond are perennial losers or worse.....to obtain something of real utility you may want to think outside the box....for example DBPhoenix is very well regarded and his comment to you had to do with the time you have already invested learning price action...AND he suggested trying Wyckoff....a reasonable suggestion.....I might go a step further and suggest that once you review that material, you look at this thread ("if you can draw a straight line") which has to do with using those principles to trade the NQ contract...it will take you some time, but I think its worth that investment....If you are a do-it-yourselfer this is probably the way to go...

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try to switch from the equity markets to currencies.....they work best for the intraday price action

 

for example, and just as an example, almost 3 out of 4 Mondays, eurusd, on the London session, goes for Asian highs/lows, then reverses and takes the highs/lows, only for price to settle for the middle of the range at the end of the day

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The main thing that separates price action trading from all other trading strategies is that it uses “clean” or “naked” charts. There are no indicators or anything confusing on your chart, the only thing that is there is raw price displayed as candles. This makes trading simpler and easier to read.

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