Tips:
Some traders email me asking why I do not trade on the swing high and low, like dojis, etc. OK, Yes, I do trade those levels but different. What I buy/sell is panic.
Yes, that is the zigzag, an order on the other side of a well formed bar, not doji. if a four hour bar go green from below t-line and crosses t-line, and then the price go all the way down the low on the next bar (engulfing) it means more of the buyers on the green bar are now in panic. what more of the traders do?. start selling, and then price will move at my favor. Also, if traders see that the previews move was down, they will start to jump in. That it is. Find emotional areas and play where panic may form. That is what moves the price. News? well, we will discuses that later.
we all will master this, just follow me and post your ideas here.
thanks, bauta
Some traders email me asking why I do not trade on the swing high and low, like dojis, etc. OK, Yes, I do trade those levels but different. What I buy/sell is panic.
Yes, that is the zigzag, an order on the other side of a well formed bar, not doji. if a four hour bar go green from below t-line and crosses t-line, and then the price go all the way down the low on the next bar (engulfing) it means more of the buyers on the green bar are now in panic. what more of the traders do?. start selling, and then price will move at my favor. Also, if traders see that the previews move was down, they will start to jump in. That it is. Find emotional areas and play where panic may form. That is what moves the price. News? well, we will discuses that later.
we all will master this, just follow me and post your ideas here.
thanks, bauta