NQ DT 02/05/10

black

1. good job data, gap up open, but quickly went down.
2. broke yesterday's low, lot of bars with big tails, no clear entry here.
3. this is an excellent entry here, quickly rally up and broke day's high, big down and big up pattern, the trick of the pattern is to look the end of the second leg, see if there is a reversal pattern at the end of the second leg. if there is, market will pullback at least two legs, if not, market can go a long way in the direction of the second leg. here at 3, market tried twice to go up, at exact tick, with big tails, big bear bar in the middle. if you look at 1 min chart, it mostly like it's a double top. sometime you can find the lower time frame patter without looking at it.
4. indeed, market went down 2 legs from 3.
5. broke the support line with 2 and 4, looks like a triangle pattern, continuation.
6. market reversed, no obvious price action here so didn't catch this bottom.
7. consolidate near EMA, lot of doji bars here, caution fake breakout, no trade here.
8. a decisive breakout, followed by a breakout pullback, long higher high after the pullback bar bar, excellent long entry, huge.
9. range day today, so close long at day's high.
10. chopping rest of the day, no good entry, late Friday so just get ready for super bowl.

happyface

跟老大学习DT.

apollochil

like2swing

very nice. thanks

abaqus

whzdf

mocca

thx

cherryxia

太赞了！！不过俺一直看大家说第二腿，到底这个leg是指什么？怎么看？

Ed02

Thanks very much!

Cobra

Very good, thanks!

abbozzo

Jennyahwu

10# Cobra


what is second leg? thanks

summer123

what is your stop loss setting, 1, 2, ... points in case against your intention?

ChuChu888

Thanks so much.

wyjhyd

Many thanks!

man_student

what is your stop loss setting, 1, 2, ... points in case against your intention?
summer123 发表于 2010-2-5 18:42

co-ask

black

what is your stop loss setting, 1, 2, ... points in case against your intention?
summer123 发表于 2010-2-5 18:42

我前面的帖子说过了，再解释一下，我用stop order进场，stop loss在one tick beyond the other side the signal bar, then move to one tick below the entry bar after it closes
for example today here, we are buying the breakout pullback, bar 2 is the pullback.
after this bar close, set a stop buy order one tick above bar 2, it will be triggered by bar 3 (entry bar) up, after that, set stop at one tick below bar 2 (signal bar), after bar 3 close, move stop at one tick below bar 3. you can adjust this if the bar is too big or too small.

black

太赞了！！不过俺一直看大家说第二腿，到底这个leg是指什么？怎么看？
cherryxia 发表于 2010-2-5 17:31

a leg is just a swing, for example, a rally is a leg, a pullback is a leg, another rally after pullback is another leg.
could be big, could be small, a big leg can contain a couple of small legs.

summer123

我前面的帖子说过了，再解释一下，我用stop order进场，stop loss在one tick beyond the other side the signal bar, then move to one tick below the entry bar after it closes
for example today here, we ar ...
black 发表于 2010-2-5 20:22

1 poiint = 4 ticks = 4 X 0.25, same for ES and NQ

Everyday copy and save your posts for study. How come,missed your important stop loss setting. My guess is you wouldn't mind to allow more fogs to save your postinf for studying.

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