tag:blogger.com,1999:blog-9459815.post7570160829482704805..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: KMX - 061909Trader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-9459815.post-50855191274745479662009-06-21T08:13:20.019-04:002009-06-21T08:13:20.019-04:00hi Tom,
thanks for explaination.. it helps :)
t...hi Tom, <br /><br />thanks for explaination.. it helps :)<br /><br />thanks,<br />junjunnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-77211936931697581822009-06-20T08:04:07.956-04:002009-06-20T08:04:07.956-04:00Song, I actually have the 5 and 10-minute charts s...Song, I actually have the 5 and 10-minute charts side-by-side, so it does not require a lot of extra effort and time as I am viewing them both at once on the screen. I don't look at the 15-minute charts as much as I once did, and when I do I tend to browse through them after the opening action.Tom C.http://www.traderxblog.comnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-65507996645123948922009-06-20T08:01:44.407-04:002009-06-20T08:01:44.407-04:00You have to find the ORH that makes the most sense...You have to find the ORH that makes the most sense for the chart. <br /><br />In 10 and 15-minute charts, a majority of the time, it works out to the first 30-minutes as that is when a morning reversal tends to happen (not always, but usually). When you are using faster timeframes, however, the ORH and a reversal usually appear (again, quicker because you are using faster timeframes). <br /><br />So unless you are using a set time (ie, 30 minutes), your reversal is likely to vary.<br /><br />In KMX, the morning high on the 5-minute chart occurred in the 1st bar, and the 2nd bar was a narrow-range, inside bar and to me was a consolidation/pullback. As I explained in the post. Other people may see it different ways, which if fine. My way is not necessarily the right way for everyone.<br /><br />If you want, you can also draw horizontal lines across more than one possible ORH and watch them to see if they trigger a valid setup.Tom C.http://www.traderxblog.comnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-76732687322137232812009-06-20T06:05:18.986-04:002009-06-20T06:05:18.986-04:00Hi Tom,
I was following KMX as well, and so the s...Hi Tom,<br /><br />I was following KMX as well, and so the same reversal... but because the market was crashing I was afraid to enter a long trade. furthermore, the chart didnot form a "clean" reversal pattern... (at least in my eyes)<br /><br />1. Don't you look at all at the market?<br />2. Did you see a reversal patthern?trader-shttps://www.blogger.com/profile/03957086735638279476noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-69672070125711859062009-06-20T04:11:50.592-04:002009-06-20T04:11:50.592-04:00Tom: I, too, am interested in your definition of t...Tom: I, too, am interested in your definition of the opening range. I've always been on the fence between the first visible pullback of the day and just a standard timeframe (:10, :15, :30) as the OR. <br />Thanks for your charts and info.OONR7https://www.blogger.com/profile/17622886234639917711noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-52214260445689613712009-06-20T01:08:57.599-04:002009-06-20T01:08:57.599-04:00i see the ORH is alwaz different across charts. in...i see the ORH is alwaz different across charts. in this KMX, the ORH is juz the first 5minutes bar only.. and not the first 30minutes.. would you mind to explain the reason of this?<br /><br />thanks<br />junjunnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-39748083445784252462009-06-19T18:06:13.285-04:002009-06-19T18:06:13.285-04:00Hi Tom, thank you very much for posting another go...Hi Tom, thank you very much for posting another good and interesting trade. I like the way you define the ORH. I know you trade from 5, 10 and 15 min charts. Could you please tell us a bit about how you manage to monitor three different time frames for the stocks in your watchlist at the same time? I look at 10min and 15min but that is already too much for me. <br /><br />SongAnonymousnoreply@blogger.com