- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
Price pattern scanner where I choose the pattern 4 replies
Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies
Price Action and Chart Pattern Trading 5 replies
Am i under under-capitalized? 6 replies
DislikedHey guys, I've been studying this strategy as I think is the most solid out there. I'm having some issues understanding what points are ideal to consider. Could anybody share their opinions? In the image below for example, why the initial point was the one circled and not the one marked with purple line. Also, wouldn't the yellow line be an entry too? Clearly it wouldn't have worked. But why? I understand we wont win all of course. Just want to understand what setups are considered valid in your opinion and which ones are not. Thank you in advance....Ignored
DislikedHey guys, I've been studying this strategy as I think is the most solid out there. I'm having some issues understanding what points are ideal to consider. Could anybody share their opinions? In the image below for example, why the initial point was the one circled and not the one marked with purple line. Also, wouldn't the yellow line be an entry too? Clearly it wouldn't have worked. But why? I understand we wont win all of course. Just want to understand what setups are considered valid in your opinion and which ones are not. Thank you in advance....Ignored
Disliked{quote} What instrument is this? I'll check it out as soon as I know.Ignored
DislikedHey guys, I've been studying this strategy as I think is the most solid out there. I'm having some issues understanding what points are ideal to consider. Could anybody share their opinions? In the image below for example, why the initial point was the one circled and not the one marked with purple line. Also, wouldn't the yellow line be an entry too? Clearly it wouldn't have worked. But why? I understand we wont win all of course. Just want to understand what setups are considered valid in your opinion and which ones are not. Thank you in advance....Ignored
Disliked{quote} >why the initial point was the one circled and not the one marked with purple line. I think the purple looks like rather minor support level but the one circled is very strong with the confluence from H1/H4/D/W/Monthly charts. >wouldn't the yellow line be an entry too? I think it is a valid entry too but I don't have a courage to sell against such strong level. {image} {image} {image}Ignored