DislikedHi If,
Hope you doing great.
I would say, all of your posts have great value :-) but since you asked for a few, here you go:
MelIgnored
You're an absolute star!
Fozzy Chat Room 7 replies
DislikedHi If,
Hope you doing great.
I would say, all of your posts have great value :-) but since you asked for a few, here you go:
MelIgnored
DislikedDid I say that? Hmmmmm
Well OK. I certainly would be wary of a pole into supply which broke straight through other supplies on the way there - the decision to break the S'es would suggest strong D at the decision points
But if there was no broken S on the way, just empty space, taken in context, I see no problem with shorting at S.
Where I do have a problem with shorting at S, is if price made a rectangular flag just beneath it, as the tg is now so much closer, and I wouldn't feel entirely sure about shorts until that flag got engulfed...Ignored
DislikedThanks If that you explained it, because it is very important how to distinguish flag pole from LQIgnored
DislikedIf price makes it to 79.40, it might be a good short. The origin to the downmove has not been tested.
On second picture, you can see M1 zoom in where it is more clear where the origin to the move is.
The line, is last weeks low.
Thats how I see it. Is the zone draw correctly?
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DislikedDid I say that? Hmmmmm
Well OK. I certainly would be wary of a pole into supply which broke straight through other supplies on the way there - the decision to break the S'es would suggest strong D at the decision points
But if there was no broken S on the way, just empty space, taken in context, I see no problem with shorting at S.
Where I do have a problem with shorting at S, is if price made a rectangular flag just beneath it, as the tg is now so much closer, and I wouldn't feel entirely sure about shorts until that flag got engulfed...Ignored
DislikedThat does look like where the decision was made to break the low
Watch approach - a cp would be great
Where would your stop be on that chart?Ignored
DislikedCan anyone give reasons why S2 and S3 were not respected. Strong moves away from both.
S2 ultimately was respected but price still blew through the level to touch S1.
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DislikedCan anyone give reasons why S2 and S3 were not respected. Strong moves away from both.
S2 ultimately was respected but price still blew through the level to touch S1.
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DislikedCheers Kruger I am not with it today. Suppose i was being greedy.
Some nice PA here where decision to break the flag for a nice long. Alot of supply above though but then again we are coming from a big Daily Demand???
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DislikedIf,
Again many thanks. Sorry to plague you with questions but would you bias not to take these shorts stem from the LTF demand we are coming from or the beak of the downward trend line and the subsequent higher lows??Ignored
Disliked
Hi Mel
to understand exactly what went on in this scenario, or indeed to read any situation at all on the charts, past present or future,you should look for a certain set of clues.
I was going to wait 'til the weekend to disclose these clues.
I have no time right now to explain them fully with chart examples, but I might as well write them so they are in the collective mind before the full explanation comes.
It should be one of my final lessons on FF.
So here's what we look for on the charts:
General:...Ignored
Disliked
(This is in rerply to post #2035)
Hi IF,
Im new to this thread, and very much grasping the concept of PA ... I appreciate all your help for us newbs..
I have a few questions if i may ask ..
2 important things i read about everywhere are compressions (cp) and flags ... Im finding it difficult to understand the importance of these 2 during price action setups or what to do when price approaching them...
Could it be possijble to exeplain what is the meaning/relevance (not definition) of compression...Ignored
Dislikedcompressions (cp) and flags ... Im finding it difficult to understand the importance of these 2 during price action setups or what to do when price approaching them..Ignored