Annotated Charts

A compilation of charts from the OneOption chat room by founder, Pete Stolcers. We hope this series helps highlight key lessons in price action and trading Relative Strength and Weakness.

50 of 282 days. View all

2023-02-06
Mark As Read
10:23:10
10:44:02
10:51:44
11:06:50
11:19:22
12:38:06
12:47:16
13:08:04
14:58:12
15:59:22
2023-01-31
Mark As Read
10:12:02
10:27:18
11:56:28
16:34:28
17:00:15
2023-01-30
Mark As Read
11:00:03
2023-01-27
Mark As Read
12:59:26
16:04:36
16:57:27
2023-01-25
Mark As Read
13:43:50
15:49:28
2023-01-24
Mark As Read
07:40:31
08:06:08
09:10:11
10:16:23
10:30:26
10:51:02
13:11:51
15:49:28
16:33:26
2023-01-23
Mark As Read
13:14:10
13:40:22
16:19:14
16:40:28
2023-01-20
Mark As Read
10:01:08
10:24:01
2023-01-19
Mark As Read
09:16:40
09:45:52
2023-01-17
Mark As Read
07:18:49
11:04:17
14:23:25
Since we are looking at
2023-01-12
Mark As Read
10:36:10
2023-01-11
Mark As Read
16:00:17
16:06:20
2023-01-10
Mark As Read
16:11:40
16:31:42
2023-01-09
Mark As Read
09:50:18
16:36:58
2023-01-06
Mark As Read
16:12:15
2023-01-05
Mark As Read
14:21:08
15:56:49
2023-01-04
Mark As Read
09:44:55
2023-01-03
Mark As Read
08:20:42
11:25:28
12:31:47
12:54:33
13:33:08
13:37:39
14:12:07
14:58:25
16:30:47
:

Question @Pete What was the reasoning for the 11:45 ES Short at 3830? Was it the very slight 1OP bearish cross at about 11:40?

We had just stacked 3 red candles and made a new lod. The last of the 3 candles held the half way point and the market looked poised to make another new lod. After such heavy selling and a gap reversal we should expect some follow thru. When I saw compressed price action at the new lod I needed to take my gains. That was a sign if support. 

16:41:01
2023-01-02
Mark As Read
08:25:06
18:42:26
18:50:56
2023-01-01
Mark As Read
08:51:03
2022-12-29
Mark As Read
09:04:17
lilsgymdan
While useful, CVI does not account for volume. I am coding an indicator that does account for A/D shares and A/D volume. It will be used to improve the 1OP signals.

2022-12-28
Mark As Read
09:34:19
11:25:42
15:33:42
2022-12-27
Mark As Read
09:04:12
15:30:23
2022-12-23
Mark As Read
08:51:21
15:52:09

Jakemiester

Very shortly we will have a new version that allows you to save the workspace and load it with one click. I plan on releasing that next week. 

2022-12-22
Mark As Read
13:03:23
Idan

To be very honest with you I don’t care how the numbers are calculated. The GDP is old news as far as I’m concerned. Especially by the time you get to the third revision. I believe they strip out the current month expenditures to calculate monthly PCE change. I’m not an economist and I don’t pretend to be one. Even if I knew how it was calculated I still would have just watched the price action and traded off of what I saw vs what I thought should happen. The PCE has not moved the market so I do not prepare for it. Check economic release dates, look at the price action and draw conclusions on whether it matters. You can also write this in your trading log so you know when important releases are coming up. I suspect that you are determined to work fundamental analysis into your trading. Good luck with that. It took me years to unlearn that. 

14:24:36
Joao

15:59:09
2022-12-21
Mark As Read
08:40:55
08:56:05
11:11:56
15:26:55
lilacrose

2022-12-20
Mark As Read
12:03:36
13:29:09
14:10:54
2022-12-19
Mark As Read
09:26:30
13:24:33
13:48:03
13:55:02
14:07:06
14:23:37
16:39:06
2022-12-18
Mark As Read
08:26:37
2022-12-16
Mark As Read
10:53:21
10:53:45
2022-12-15
Mark As Read
11:36:04
15:58:59
16:09:48
lilsgymdan
You can also search for those using the divergence field in Custom Search. In this case you would use Divergence Bearish M5

16:36:18
17:04:03
2022-12-14
Mark As Read
15:15:28
2022-12-13
Mark As Read
10:20:19
15:41:28
2022-12-12
Mark As Read
14:28:26
2022-12-09
Mark As Read
09:47:19
09:54:04
11:18:02
Opreme Paper traded an entry into GIS with Hari the other day. I have not exited yet. It has not broken trend according to the levels drawn on the left(M15). I also drew in ALGO lines on the right (D1). It looks as though there is ALGO resistance coming from 10/31 and thru 12/1. I am looking for confirmation/correction on what I have drawn up. Specifically the ALGO resistance as I have some doubts on where it should have gone from its origin candle. If correctly drawn, I suppose it would have been a good point to exit near it today. However, since it did not break the trend I have drawn in either I did not consider it a full “rejection” quite yet. Am I on the right track with that line of thinking or just making shit up?
That looks good to me. There are other trendlines that you can draw that would have more touches, but steep trendlines are easily violated and I don’t give them much credence. When I am trading a stock like that on a shorter term swing and the up trendline is steep, I lean on short term horizontal support more (weekly low, key bars, open of long green candles).

15:11:24
2022-12-07
Mark As Read
09:52:30
2022-12-06
Mark As Read
15:35:28
2022-12-05
Mark As Read
07:45:55
16:29:16
2022-12-02
Mark As Read
16:12:29
2022-12-01
Mark As Read
09:31:04
15:59:31
2022-11-30
Mark As Read
10:36:35
12:07:59
12:47:29
15:51:38
16:17:32
17:31:03
2022-11-28
Mark As Read
09:29:03
15:06:44
16:37:36
2022-11-23
Mark As Read
08:11:17
08:57:32
10:41:22
11:59:40
12:04:27
2022-11-21
Mark As Read
11:34:34
12:18:26
12:18:48
12:43:00
2022-11-18
Mark As Read
07:46:04
08:24:41

@JayP I’m not sure what you mean by choppy. If the market has long mixed candles and no direction, no indicator will work. There is nothing to trade. If you look at /ES now there is good pace and direction. 

09:21:27
13:03:18
13:10:02
2022-11-17
Mark As Read
09:22:57
09:24:15
11:32:15
2022-11-16
Mark As Read
15:52:46
2022-11-15
Mark As Read
10:41:54
12:55:59
16:28:51
2022-11-14
Mark As Read
13:18:43
15:43:33
16:07:52
2022-11-11
Mark As Read
07:58:33
08:03:35
09:00:04
12:56:03
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