DislikedWe need three key ingredients in order to execute an entry.
1.location
2.candle shape/price action
3.timing
location is as one of the major lines,median lines(mostly when adding),s/r levels and fib levels.
price action is
pinbars or engulfing candles which are my favorites
and rarely 3 bar reversal or an inside bar.But first two of them most reliable ones.
timing is something we do not have a control over.We just get to know after we excute the trade.when I say timing I dont' mean the market hours but when the price starts making its big bold candles.
when...Ignored
Thank you for your indepth reply, taking the time to review my chart and all the valuable information to my post and to all the others. Be assured that every word written in this thread is being absorbed, extremely valuable and appreciated (though some repetition may be required ). I can say without a doubt that I do feel like I'm moving forward with all of your clarifications.
And although this week is turning out so far to be a ranging week with 2 B.E. trades, the education (and acquiring discipline) is priceless! I do find it amazing still how the market and your lessons have perfect timing (when you started this thread there was a long bias, now time for the consolidation/ranging lesson. I don't know if you could have planned it any better...wow!).
BIG Thank You to you and everyone!