Using 缠论 reading current market

bucks

milan1126 发表于 2012-11-8 08:59 AM
You are absolutely right. 1分钟次级别三卖是昨天开盘后第一个1分钟图上的1笔上涨，这个次级别三卖是根据 ...

At the end of the day, it's quite clear when we  review it. But at that moment, we had to be quick mind to make a decision whether or not to shorten the trading timeframe to sub-1min, and then shift your gear to this level. It requires keeping an eye on market constantly because of potential violent and fast moves. CHAN mentioned to promote low level trading to higher when necessary, but not vice versa.

I feel the most difficult part of CHAN is how to trade across various timeframes. The rhythm could be disrupted all of sudden by sub-, sub-sub- movements, and in extreme case a gap.

Anyone has some good experience ?

austinjoe

milan1126 发表于 2012-11-8 07:59 AM
You are absolutely right. 1分钟次级别三卖是昨天开盘后第一个1分钟图上的1笔上涨，这个次级别三卖是根据 ...

Thank you for your answer. Enjoy your trading :-o)

milan1126

bucks 发表于 2012-11-8 09:18 AM
At the end of the day, it's quite clear when we  review it. But at that moment, we had to be qui ...

非常同意版主，这是如何运用缠论执行交易才是真正的难点。昨天开盘大跌后的第一个涨其实不仅可以根据缠论short，根据gap down and the gap is unlikely to be filled也可以short。操作是必须不断练习才能熟练的~

bucks

milan1126 发表于 2012-11-8 09:22 AM
非常同意版主，这是如何运用缠论执行交易才是真正的难点。昨天开盘大跌后的第一个涨其实不仅可以根据缠论 ...

What makes you think "gap down and the gap is unlikely to be filled" ?

I found the first 30mins is the most difficult session to interpret and predict. I am not that expereinced, so always choose to stay away and just watch. The last 30min is the second hardest.

milan1126

bucks 发表于 2012-11-8 09:35 AM
What makes you think "gap down and the gap is unlikely to be filled" ?

I found the first 30min ...

根据老蛇的gap down below prior day's trading range, normally the gap won't be filled

bucks

milan1126 发表于 2012-11-8 10:27 AM
根据老蛇的gap down below prior day's trading range, normally the gap won't be filled

thanks. More details? or which chart in his public list?

CHAN 论的解释应该就是：最低级别的一笔突破中枢，看三卖或三买而行动。这样的话，sub-1min level trading makes much better sense. Never thought of it this way. Thanks.

milan1126

bucks 发表于 2012-11-8 10:44 AM
thanks. More details? or which chart in his public list?

CHAN 论的解释应该就是：最低级别的一笔突 ...

呵呵，我从去年底开始follow老蛇快一年了，看到gap up(down) out of yesterday's range, so the gap should not be filled这句话在他的opening statement里出现了无数次，而很多day trader教材里对how to trade a gap的讲解也基本是这个意思~
其实蛇班长每天的comment本身就是个day trading的百科全书~

austinjoe

11/08/2012 close, SPX keep sliding after yesterday dive. SPX finished 4 1F线段 (1st one is a continuation from yesterday unfinished one), the 5th 1F线段 down run is not completed yet. SPX could not even form a new 1F中枢 today which shows bull is very weak here. Around 12PM EST, the end of 2nd 1F线段 is the 3rd sell point for yesterday 1F 中枢 [1396.74, 1402.14], however, the 1PM EST 1388.5 is better short entry. SPX slide through 200SMA 1380.6 at close, which is a very bad sign for bull.

austinjoe

milan1126 发表于 2012-11-8 12:07 PM
呵呵，我从去年底开始follow老蛇快一年了，看到gap up(down) out of yesterday's range, so the gap shou ...

  Are you doing DT?

bucks

milan1126 发表于 2012-11-8 01:07 PM
呵呵，我从去年底开始follow老蛇快一年了，看到gap up(down) out of yesterday's range, so the gap shou ...

not good at DT, and no time too. So rarely paid attention to those comments.

but now I understand better how to deal with gap, which is the benefit of having discussions. thanks

milan1126

austinjoe 发表于 2012-11-8 04:05 PM
Are you doing DT?

Yes, I am. But I am just a beginer and still struggling building up my own day trading system.
Thank you for giving me so much hutong money.

austinjoe

milan1126 发表于 2012-11-8 03:45 PM
Yes, I am. But I am just a beginer and still struggling building up my own day trading system.
T ...

HB comes from thin air to me - - as long as you could share your idea here, you will get rich quickly thanks for Cobra QEn on HB printing

If you don't mind, could you please share your operation in the past few days? I knew that you did an excellent job on Nov 2, morning gap up at least.

milan1126

bucks 发表于 2012-11-8 04:10 PM
not good at DT, and no time too. So rarely paid attention to those comments.

but now I understa ...

Good for you. Chan theory is the best when trading bigger time frame. To be honest, I failed a lot of time when trying to use it in day trading.  

bucks

you two's avatars look so alike by quick glance  

milan1126

austinjoe 发表于 2012-11-8 04:49 PM
HB comes from thin air to me - - as long as you could share your idea here, you will get rich quic ...

Haha, there is QE everywhere.
I see a 5min magnitude 趋势背驰，but on 1min magnitude I don't see 背驰 yet. Maybe it will appear tomorrow if market gaps down.

austinjoe

milan1126 发表于 2012-11-8 03:53 PM
Good for you. Chan theory is the best when trading bigger time frame. To be honest, I failed a lot ...

缠师 have said that don't operate on 1F线段 unless you're very good at all kinds of 盘整背驰 and could play 中枢震荡 very well. In this standing, WS is your ATM.

I have same failure when trade on 1F线段. Now I move to 5F level.

austinjoe

milan1126 发表于 2012-11-8 04:01 PM
Haha, there is QE everywhere.
I see a 5min magnitude 趋势背驰，but on 1min magnitude I don't see  ...

Yes. QEn everywhere

milan1126

austinjoe 发表于 2012-11-8 05:05 PM
缠师 have said that don't operate on 1F线段 unless you're very good at all kinds of 盘整背驰 and  ...

I also move to 5min magnitude now, but it is necessary to know the stage of 1min magnitude even though I don't trade it, or it is difficult to deal with the 级别小转大 situation. With a lot of HFT in current market, trend turns so fast.

austinjoe

milan1126 发表于 2012-11-8 04:01 PM
Haha, there is QE everywhere.
I see a 5min magnitude 趋势背驰，but on 1min magnitude I don't see  ...

Where did you see "5min magnitude 趋势背驰"? could you please post a chart if possible?

On 1F level, the down run from 11/06/2012 spx 1433 has 1st 1F中枢 completed, if it could swing around 1375-1385 to form 2nd 1F中枢, then it's possible to look for 1F 趋势背驰. But we can not forecast onlt watch & follow the market run.

austinjoe

milan1126 发表于 2012-11-8 04:13 PM
I also move to 5min magnitude now, but it is necessary to know the stage of 1min magnitude even th ...

  "I also move to 5min magnitude now". Yes,  缠师 said that pick your op level, then you need watch the 1 high level to make sure you don't do counter-trend, also watch 1 lower level to be alert any potential change that could affect your op level.