In my last post on the topic, I talked about how the market often establishes a rhythm which can help you set price targets. One mistake a lot of traders make is that they play setups that are smaller than the main rhythm of their chart, but expect the resulting move to be [...]
I know you’ve seen me post a few times on measured moves now, but I’d still like to drive home the point further. Many people ask me how to know when to get out of a trade… but often the chart itself tells you all you need to know, well in advance. [...]
I normally post measured move examples on point and figure charts, but you can find them on other types of charts as well. Here is a potential top in the market, as shown on the 4-tick range bar chart.
I was talking to the eotpro live room some more about measured moves today. The technique has been working very well for me. Today, I discussed how you can measure moves inside of moves, and pay attention to the confluence when two measured moves project to the same target.
Here is my 5-tick reversal [...]
Today in the eotpro live room, I was asked if the measured moves I was talking about on ES happen on markets like ZN. I was pretty sure they would, but I checked anyway. I pulled up a 4-tick reversal ZN chart and looked at a few days. There were a number [...]
I just went over an example of a nice measured move in the ES with the folks in the live room. I measure them like I showed on my recent PnF tutorial video. Here’s the image I was looking at today (click to enlarge):
When you can talk about the extent of the move [...]
I haven’t talked about point and figure charting techniques since my triple top/triple bottom tutorial last December. So, I thought I’d make a quick video showing a couple ideas:
This video gives you some ideas about how to use volume in combination with the point and figure ‘bars’, and also a rule of thumb I [...]