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Thread: Action Reaction

  1. #11
    Senior Member
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    Nov 2011
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    161
    Hi Kidrock, It's like a pitchfork but instead of defining the third fork I'm projecting it, I use the fib channel tool with the following levels (-1.75, -2, -2.25, -2.5), first I draw the median line A to B, then I drag out C (action) to create the reaction zones or the projections, takes a little playing around with it and it's not applicable on all setups because their isn't always a defining median line to measure and project off.

    For some background on the concept here is Alan Andrews original course http://www.trading-naked.com/alan_andrews_course_1.htm

    Action Reaction-example.jpg
    Last edited by jtrader; 11-05-2011 at 10:15 AM.

  2. #12
    Senior Member
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    ok, understood, i had to modifying the levels of the channel , they were different, now i will try it , thank you jos

  3. #13
    Senior Member
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    Nov 2011
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    No problem Kidrock

    Next up... Pfizer.

    Action Reaction-pfe.jpg

    no good Action Reaction-pfe.jpg

    Will be more stringent with my setups from now on.
    Last edited by jtrader; 11-08-2011 at 06:51 AM.

  4. #14
    Senior Member
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    Nov 2011
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    Gpbchf

    Went short on this one, and got stopped out.

    Action Reaction-gbpchf.jpg

  5. #15
    Senior Member
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    Nov 2011
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    Have been away for a few days but just before I left I grabbed 25pips on USDCAD, it was a nice trade.



    -Jack

  6. #16
    Wizard
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    Oct 2011
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    nice. looks like typical Supply/Demand trade, even if no harmonics present.

  7. #17
    Senior Member
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    Nov 2011
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    Harmonics would make for a stronger case that price is going to reverse. I'm only using patterns at this point, but will move onto AMP monitor when it's ready . In the mean time will try and learn manually recognizing harmonics.

    Here is what I was looking at last night with the EURCAD (just patterns), had to sleep so I missed the trade before the market closed for the weekend.


    Last edited by jtrader; 11-12-2011 at 10:05 AM.

  8. #18
    Senior Member
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    Nov 2011
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    Here is another opportunity that I missed because I was sleeping, this time on the usdcad, ticks all the boxes.


  9. #19
    Senior Member
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    Nov 2011
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    161
    Here is a trade with the E-Mini



    I got stopped out with this one, I made an adjustment to median line to cater for sideways movement, this trade continued south after it hit my stop loss :-(.

    Attached Thumbnails Attached Thumbnails Action Reaction-esstop.jpg  
    Last edited by jtrader; 11-14-2011 at 09:47 AM.

  10. #20
    Senior Member
    Join Date
    Nov 2011
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    161
    Shorting the euro.



    Give or take about 50 pips

    e

    I'm done for the day unless I get bored.

    -Jack
    Last edited by jtrader; 11-14-2011 at 09:01 AM.

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