here's a good material to ponder where you can see how fti normaly do attacks... and his view of the market...
enjoy
.................
Textor,
the explanation.
1 = the first indication of key reversal.
A = the first impulse after the reversal, you may or may not have caught this bus. Most dancing , would have at least got a foothold there.
2 = the first pause , stall if you like, of the impulse.
chance to prepare and execute attack, or to bail out if you were caught on wrong foot.
then the 2nd impulse came after a shallow stall. Indicates possiblly downward press may be strong.
B = 2nd stall, notice shape of your "15 bars" shaped rounded pointing down, therefore , more weakness expected.
if stall was in shape of "C"(saucer shaped) then rounding would suggest bottoming distribution.
However since distribution was in shape of "B" likely to be down.
Note that ypu have rode 2 waves down. So if this was wave 3, then would be hairy. So scaling down skew woukld be prudent, as the nest test could be very violent either way.
So 3 came , how from here?
Send army home, and use scouts.
regards
It is easy from hindsight, mindset gotta be firm,when trading.
However I did trade this waves so gebnerally this were my MO then.
NOTE: Your attempt at the circle you marked suggests to me ,that you are trading "band breakouts", dangerous and late.
enjoy
.................
Textor,
the explanation.
1 = the first indication of key reversal.
A = the first impulse after the reversal, you may or may not have caught this bus. Most dancing , would have at least got a foothold there.
2 = the first pause , stall if you like, of the impulse.
chance to prepare and execute attack, or to bail out if you were caught on wrong foot.
then the 2nd impulse came after a shallow stall. Indicates possiblly downward press may be strong.
B = 2nd stall, notice shape of your "15 bars" shaped rounded pointing down, therefore , more weakness expected.
if stall was in shape of "C"(saucer shaped) then rounding would suggest bottoming distribution.
However since distribution was in shape of "B" likely to be down.
Note that ypu have rode 2 waves down. So if this was wave 3, then would be hairy. So scaling down skew woukld be prudent, as the nest test could be very violent either way.
So 3 came , how from here?
Send army home, and use scouts.
regards
It is easy from hindsight, mindset gotta be firm,when trading.
However I did trade this waves so gebnerally this were my MO then.
NOTE: Your attempt at the circle you marked suggests to me ,that you are trading "band breakouts", dangerous and late.
Success consists of going from failure to failure without loss of enthusiam