DislikedThey say there's a consolidation and then after it is followed by a manipulation. After that you get an expansion. I think this is incorrect. A consolidation, accumulation, distribution, re-accumulation, re-distribution, trading range, or whatever you call it should just be called the manipulation. The end result of a consolidation is manipulation and therefore it make senses to say when a consolidation starts the market is entering the manipulation mode or process. The final product of a consolidation is a manipulation and then after it is followed...Ignored
Nice post and chart, here is my 2 cents worth.
Without manipulation, we wouldn’t have expansion and the market would be untradable for retail traders.
I make most of my money trading against this manipulation because it’s inefficient moves that are the most predictable.
Expansion on the other hand is a wild untamed beast that doesn’t always move as we hope due to many fake moves and spikes.
The choice I need to make every day is do I fight the big players with higher predictably trades setups or join the big players with lower predictably trade setups.
The choice I prefer is to fight the bastards with a smile.
Many years ago, Jesse Livermore made money in the stock markets by reading the tape -
Why wouldn’t we still use it, nothings really changed in 100 years.
Trading thin liquidity at the boundary of the charts