u must have seen this i bliv, but here goes my nu short ......
and in a fresh acad long....ill update later
other than these 2, im stalking a couple others
Simplicity is the key to success
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DislikedSwissy calling for attention:
http://img515.imageshack.us/img515/6...1usdchfh41.pngIgnored
Dislikedgood spot, let us know if you take a position, and what do you watch for to take a position confidently?Ignored
DislikedRisk:Reward ratio (esp. when entering during congestion), engulfing patterns, 123 formations, VSA.
When I think about it, no need to try catching. In good setups, there should always be time for entry (at minor retests etc.).Ignored
DislikedSam is aware of history, but not hung up on it; so Sam doesnt trade history.
Sam lives in the here and now, not in the what's been, so Sam trades momentum and gives precedence to the current wave, not the last.Ignored
DislikedThink of stop-losses around such areas regardless of directions one has taken. It's too tempting to clean both corners for them before next move, wouldn't you think?Ignored
DislikedMore clever form of gambling would be to place limit entry at the upper level of Supply zone: market just went for it (think of stops there).
http://img96.imageshack.us/img96/870...1usdchfh42.pngIgnored
DislikedI see, you got 3lines there, what are they representing i know its former support, is that basically it, 3 instances of former support which has been "UNTESTED" as resistence until now?Ignored
DislikedYes,
lowest line is already tested resistance level.
Region established by upper two lines serves to identify Supply zone.Ignored
Dislikedok slowly learning here, so i understand the bottom line is now tested and deemed un-usable in my eyes anyway,
the 2nd line is a support, and the 3rd line i confused how you come to draw that line?Ignored
DislikedThink of highlighted area as a zone where absorption of the demand (buying) should occur. Should we identify strong enough such area, momentum might be stopped and reversed.
http://img718.imageshack.us/img718/2...usdchfh42a.pngIgnored