tag:blogger.com,1999:blog-252763673788048829.post1049495766396403849..comments2023-12-16T00:54:52.330-08:00Comments on Nine Transitions: Opening range: 1Rev vs 1PB vs fBOcadaverhttp://www.blogger.com/profile/00205606370921389742noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-252763673788048829.post-65515274342637016442014-03-11T07:47:55.930-07:002014-03-11T07:47:55.930-07:00Hi Cadaver,
Could you please help me with the fol...Hi Cadaver,<br /><br />Could you please help me with the following? It will help me with clarifying my understanding. Thanks in advance.<br /><br />Both the links have same chart - My question is if the price failing at EMA is 1rev or fBO. I identified this as a trading range day as price went below opening bar low and failed. Also once price moved up and again gave a fBO, I chose to wait for 2E, but OL did not give me conviction to pull the trigger. <br /><br />http://tinypic.com/r/jueq2s/8<br /><br />http://i60.tinypic.com/jueq2s.pngAnonymoushttps://www.blogger.com/profile/01075933406422667490noreply@blogger.comtag:blogger.com,1999:blog-252763673788048829.post-68340426444027284272012-02-01T06:46:59.388-08:002012-02-01T06:46:59.388-08:00In the video, b2 was an L1 variant and b3 was a fL...In the video, b2 was an L1 variant and b3 was a fL2 making it a decent buy. But its perfectly OK to pass on that trade and take the reversal at b7cadaverhttps://www.blogger.com/profile/00205606370921389742noreply@blogger.comtag:blogger.com,1999:blog-252763673788048829.post-9771827529836897712012-02-01T04:15:46.422-08:002012-02-01T04:15:46.422-08:00I have just been watching your video from 22/1/201...I have just been watching your video from 22/1/2011 "Trading the first reversal of the day" and there you bought in small range above doji 1tfBO without any support such as HOY or EMA. <br /><br />If today's opening range would be in small bull gap as in video, it would be ok buy or there is something that I am missing? <br /><br />Please do not take my questions some offensive I just wanna clarity for me as much as posible. <br /><br />Thank you very much for your reply.Carmenhttps://www.blogger.com/profile/07556284930727071532noreply@blogger.comtag:blogger.com,1999:blog-252763673788048829.post-69420423066774250092012-01-31T17:47:55.728-08:002012-01-31T17:47:55.728-08:00I passed on the trade but b21 sure looks like an a...I passed on the trade but b21 sure looks like an a2. what am I missing? thank you for the blog, it's a wonderful resource.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-252763673788048829.post-80975010910683599222012-01-31T07:01:50.406-08:002012-01-31T07:01:50.406-08:00b5 would be 2nd attempt to reverse LOY and therefo...b5 would be 2nd attempt to reverse LOY and therefore an OR type of 1Rev. Its success still depends on the quality of the signal bar but weak signal bars often work at supports like LOY.<br /><br />When the gap is a large bull gap, b5 could signal the failed second attempt to close the gap but on a weak signal bar, I wouldnt buy it unless its close to some support such as HOY. Signal bar quality correlates to success of trade.<br /><br />b13 is most certainly W1P. Once you have a W reversal, you can assume you are in a trend and the market will at least seek the other end of the opening range. An overlapped signal implies possible pullback, but its an acceptable signal.cadaverhttps://www.blogger.com/profile/00205606370921389742noreply@blogger.comtag:blogger.com,1999:blog-252763673788048829.post-14685687001939232622012-01-31T00:54:18.885-08:002012-01-31T00:54:18.885-08:00Hi Cadaver,
Let's say todays opening range w...Hi Cadaver, <br /><br />Let's say todays opening range would be near of LOY. Can be b5 considered as fBO and test of LOY and be taken for swing trade? <br /><br />In second case let's say opening range and large gap will be as today but it will be bull gap. Can be this situation considered as a second attempt to close gap (and entry for swing trade) or gap is so large that is no sense talk about closing gap? <br /><br />If b9 is W, can be b13 W1P or it would be buying just in the middle of opening range? <br /><br />Thank you very much for your reply.Carmenhttps://www.blogger.com/profile/07556284930727071532noreply@blogger.comtag:blogger.com,1999:blog-252763673788048829.post-26104184552769150362012-01-30T19:35:52.202-08:002012-01-30T19:35:52.202-08:00Thanks for the post Cad.
I missed the A2 entry to...Thanks for the post Cad.<br /><br />I missed the A2 entry today. But I caught the XOD for a good trade and shorting the overshoot at b64 for a small gain. Today's prices made up an up-channel that is only $0.54 wide on the SPY making it very hard to trade. It was wrose during EST lunch hours. I now so agree with Cad that we should all practice-make-perfect with our entries, at lease we should start with the A2's.TL_traderhttps://www.blogger.com/profile/10918672859291691568noreply@blogger.com