I've gotten a few messages asking about how I use prior levels to take entries or to wait and see if price holds / fades from in order to stay in trades.
I'll include a few images I have saved. I don't think this takes away from Damian's principles, in fact I think it can help strengthen analysis as it lends stronger areas to take trades.
Also, it's very possible that everyone already does this and I'm just late to the party.
Should be pretty self-explanatory however I'm basically keeping eyes on all prior breakout / breakdown levels that exist in the leg PRIOR to the leg that we are currently in. You can use these levels to take entries off of or as a guide saying 'price must hold this previous level in order to go higher' etc.
I'll include a few images I have saved. I don't think this takes away from Damian's principles, in fact I think it can help strengthen analysis as it lends stronger areas to take trades.
Also, it's very possible that everyone already does this and I'm just late to the party.
Should be pretty self-explanatory however I'm basically keeping eyes on all prior breakout / breakdown levels that exist in the leg PRIOR to the leg that we are currently in. You can use these levels to take entries off of or as a guide saying 'price must hold this previous level in order to go higher' etc.
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