So many times i came across these concepts in this forum,
"when price fall dramatically it creates a liquidity gap. these gaps in price always get filled sooner or later."
so i tried these for a considerable amount of time.
#looking for a momentum move either side go without much opposition.
#Price slows down, seeing corrective waves against the prior momentum direction.
#then i see momentum from the opposite side, i look for my entry.
It worked sometimes, but majority of the time all it does is moving against me fast leaving me into deep mud.
Now im in deep confusion that this concept is even valid. Trying to catch the fading momentum, is this good idea?
Anyone here do this and winning consistently? or am i just throwing punches in the dark!
what am i doing wrong/
"when price fall dramatically it creates a liquidity gap. these gaps in price always get filled sooner or later."
so i tried these for a considerable amount of time.
#looking for a momentum move either side go without much opposition.
#Price slows down, seeing corrective waves against the prior momentum direction.
#then i see momentum from the opposite side, i look for my entry.
It worked sometimes, but majority of the time all it does is moving against me fast leaving me into deep mud.
Now im in deep confusion that this concept is even valid. Trying to catch the fading momentum, is this good idea?
Anyone here do this and winning consistently? or am i just throwing punches in the dark!
what am i doing wrong/