Indicators and all the fancy stuff out there that are supposed to predict tomorrow’s action are based on PRICE and price alone. Had todays bold down candle been a bold up candle, how would you have dealt with that? True I have called it a pin bar when it does not conform to "the by the book definition"… But let me ask you this, what do you see if you add the candle on the 13th and the one on the 14th together? Visualize it… Now based on that and had that been the case, would you want to buy or sell today based on PPs? What about if we added 13+14+15 together, what would have been the shape of the candle?
These are not trick questions... I am introducing all of you to the inner functions of my mind… try to look beyond what is on the chart and beyond what you know about candlesticks.
The way to progress is by feeding your curiosity... i.e. what if that or that, then maybe so and so... Why did we get that odd shaped Doji as you call it? Is it because all the big players in the market had a secret meeting the night before and decided “AHA, THIS IS THE CANDLE WE GONNA GIVE THOSE SMALL TIMERS TOMORROW!!!” … “LET’S TRICK THEM!!!”… ???? Or maybe because PRICE hit a BIG FAT WALL? I don’t know… maybe we should find a way to spy on them the next time they have one of their secret meetings...
These are not trick questions... I am introducing all of you to the inner functions of my mind… try to look beyond what is on the chart and beyond what you know about candlesticks.
The way to progress is by feeding your curiosity... i.e. what if that or that, then maybe so and so... Why did we get that odd shaped Doji as you call it? Is it because all the big players in the market had a secret meeting the night before and decided “AHA, THIS IS THE CANDLE WE GONNA GIVE THOSE SMALL TIMERS TOMORROW!!!” … “LET’S TRICK THEM!!!”… ???? Or maybe because PRICE hit a BIG FAT WALL? I don’t know… maybe we should find a way to spy on them the next time they have one of their secret meetings...