A/U now has a nice triangle, doesn't it?
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DislikedI took that one, and in return broker decided to ruin my life by slipping me cos of my volume increase, am now disputing it.Ignored
DislikedHi Takisd,
Can I ask what is probably a dumb question.
When I started reading ur thread I thought that you traded on S/R expecting price to be rejected from that level.
After another read it seems you also trade, what I would call breakouts from S/R.
Would appreciate if you could clarify plse - Do you trade both, my understanding, dependant on the setup or only breakouts in direction of trend.??Ignored
DislikedBoth.
Its all about price action, if the price goes through, its a break, if it fails its a rejection. If you traded rejection only you'd get smashed in a trending market, if you traded breakout only u'd get smashed in range.Ignored
DislikedBoth.
Its all about price action, if the price goes through, its a break, if it fails its a rejection. If you traded rejection only you'd get smashed in a trending market, if you traded breakout only u'd get smashed in range.Ignored
DislikedThanks T,
I have a real problem deciding whether to go for a rejection or breakout tho.
How do you decide - what is it you look for.
I find it much easier to take the rejection trade but I tend to get in too early, only to find it breaks out.Ignored
DislikedThis is where experience will kick in. you will eventually be able to read price action the same u read books.Ignored
DislikedOr u will fail to grasp even the smallest lesson and achieve poverty rapidly . Only dreaming of that "big win" whilst brewing your tin of tea under an Overpass?Hope not though!Ignored
DislikedThis is where experience will kick in. you will eventually be able to read price action the same u read books.Ignored