DislikedHey, any new people that have taken a few bad demo trades recently?
Don't feel too bad about it, here is one, I would probably have jumped into thinking it was the best thing since they invented beer, six months ago.
I am actually still laughing at how I would without doubt have already been into this trade, short and wondering why price wasn't going down. LoL
This is honesty folks, so don't feel bad if you have taken any not so good setups recently.
http://www.youtube.com/watch?v=fCZhiR3bETMIgnored
Nice video, Pb. Its good that you're showing that traffic and/or lack of Space that a setup can have will keep you out of a trade . .nice one.
The Power of BIG Bars or BIG PA is what really made this one work out. . Too bad that PB was not at a higher Swing High. Even though the PA was Big, it was still stopped in its tracks by running out of Space (what little it had) and running into a strong PPZ level, 82.00.
Passing on this one for the reasons we described and then seeing them work out is all about being picky.
Indicators show the past. Price Action "Indicates" the future.