Intraday Technical Patterns - Traders Laboratory | Thread profile

Ok Ill start a more constructive thread tomorrow. Need to prepare some screen shots.

Thanks scalptrader. My main focus here is for folks to share and exchange ideas and knowledge to make them a better trader. Let's try to keep it educational. __________________ James Lee Email: JamesLee@traderslaboratory.com Web: www.TradersLaboratory.com Leave a Voicemail: Snapvine Skype: james.lee03 Traders Laboratory.com TL! Toolbar | Original Avatars | Traders Auction |

Ok Ill start a more constructive thread tomorrow. Need to prepare some screen shots.

Just because he doesn't think it's a good way to make money doesn't mean he doesn't know what he's talking about. Maybe it's just not a good fit for him. When someone finds something that works for them, it's good that they stick with it. If scalping works great for you...awesome. More power to you. Just please don't go saying it's the only way to make money, because it's not.

In a way scalptrader is right because there are alot of false messiahs in this industry that no one should be fully trusted unless he proves with performance and results. Anyone can claim anything, including me, but without proof, it wouldn't fly unless you do careful DD. A better way to interpret scalptrader's thread is: don't follow blindly, do research for yourself. Anyway, I personally don't follow anyone after follow...

Coming back to "Intraday Technical Patterns" what I said before about whats behind the pattern I believe it is Support and Resistance.... and the performance both have as they are tested or breaked... The example above is very clear, a support got breaked... then this support became resistance and DID hold.... I call this "break and Hold" and will expand the topic on a diferent thread ... about scalping or...

Quote: Soultrader I was listening to an interview by Peter Reznicek today and found one of his comment particulary interesting. I am not a candlestick pattern trader but he mentions how day traders focus too much on trendline breaks, channel breaks, and candlestick patterns on too short of a timeframe. He mentions how these technical patterns are only valid on a 15 minute or more timeframe. I also agree with his comment. I am not particulary...

Quote: Soultrader I was listening to an interview by Peter Reznicek today and found one of his comment particulary interesting. I am not a candlestick pattern trader but he mentions how day traders focus too much on trendline breaks, channel breaks, and candlestick patterns on too short of a timeframe. He mentions how these technical patterns are only valid on a 15 minute or more timeframe. I also agree with his comment. I am not particulary...

Hello everyone, This is one very interesting thread. I think I am the only one here that employs 1 min. candle bars to pin point my entry on certain trades. As far as intra day pattens go, there are a few that I have seen that work very well and consistently over and over again when they appear. Using these along with the pivots and tape reading ( that I both learned from you, Soul , I not only have better entries but now able to hold stops...

Quote: torero Hi walterw, Can you elaborate on that a little bit more? Here's my example of what I was talking about using patterns with price action: Like I said before, patterns need to be confirmed by price action, in this case, lower higher and that turned the support area into resistance area (this is what I call confirmation of a breakout). My stop would have been the last higher low pivot (just below 796), and entry just below the...