Advanced trading lessons - page 14
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now you make it
now you crossed the four hour time frame in a four time frame range.
not only that but a new day is starting, so the range will be longer in time, and most likely larger in daily
over lap. now if the trader believes the larger trend will continue in the next week or two, and that
the current weekly range candles will not go up enough to take out the entry then the trader may choose
to hold the trade, for the larger swing.
but being in a four hour range means four hour swings against you most likely.
think of this in this way:
you are in a four our swing range, and you just crossed the four trend line, and are ranging
on the four hour in four hour swing range.. with daily over lap range about to start.
if this was below the four hour range it would be worth more to hold.
but what does analysis say? next question.
have to go for now
analysis says strait down for now!! and that over rules the lower time frames.
if the tolerance to except the four hour range is there. i will explain analysis later i have
to go being rushed by the wife.
bring analysis
i bring analysis with me when i trade constantly with overlays.
you all know that by now. what type of analysis would over ride the 4 hour time frame
with weekly overlay's, the daily time frame with monthly overlay's...
at the same time using yearly ...open ...close... highs...lows. from the past for support and resistance.
[langtitle=it]where were you![/langtitle]
[lang=it]Hi Boe,
a great friend of mine suggested me to look at your thread, i did it yesterday, and i couldn't stop reading your lessons.
I have tosay that I have been looking for something like this since two years ago!! The stuff you are teaching is great and i want to tkank you for your efforts to divulgate you great work.
This is thinking out of the box.
I was already applying some (but only some) of your rules, thanks to what my great friend tried to teach me in two years, but i was still feeling like a driver in the fog, now i can see all clearer.
I'll continue to follow you with great interest, I'm so greed of learning smart things![/lang]
red bull
i am glad to help. i hope this is the most enlightening advice any trader ever received!
i try my best. the best part is there is no charge. but i do encourage traders to pay
what is owed. help others less fortunate! glad to have you here!
i am not sure
i am not sure who told me this along time ago, i think it was "Intention" but it does not matter
who it was.
they said targets are there main focus...
i said entry is my main focus.. i thought about that conversation for a long time.
i kept thinking isn't targets the same thing as entry? i realized they are the same!!
if you know where the market is going to stop with momentum, and turn around then
wouldn't you enter the market at the target point going the other way?
of course you would!!
my next subject is target analysis. better yet!! counter trend trade entries.
we have covered the entry side of the market with trend analysis!! how about the
counter trend side entry analysis.
in a trend the other side of the market is the analysis, the counter trend may be not worth taking.
unless the potential is large.
it's all relative. what is it that you want to risk. for what type of reward.
so it depends on the individual.
1.--the next section is counter trend analysis.
2.--after that comparisons to the trend side, marrying the two together.
this next section
I warned you guys this would be a journey.
this next section we will look at the: counter trend side of the market.
we have already done: tracking the trending side.
so when we are done with the counter trend side you as a trader will be the
ultimate channel trader!
knowing targets.... counter trend entries,and reversals....
the first thing traders need to know
the first thing you need to know is this:
#1. A DOWN TREND ALWAYS MOVES TO THE RIGHT SIDE, BUT DISPLAYS STRENGTH TO
THE LEFT SIDE DOWN.
#2. A UP TREND ALWAYS MOVES TO THE RIGHT SIDE, BUT DISPLAYS STRENGTH TO THE
LEFT SIDE UP.
COUNTER TRENDS MOVE TO THE RIGHT SIDE ALSO, GENERALLY SIDEWAYS, BUT NOT
ALWAYS.
EXAMPLE SHOTS SOON.
my buddy came over
my buddy came over and i got diverted. so now i am back sorry about that.
the other thing traders must know.
the other thing traders must know.
#1 . the inner slope.
#2. the outer slope.
a trend has inner and outer slope form as it matures.
inner slope then creating the outer slope.
then back to an inner slope. and so on with the dance.