Hi sorry was busy a bit. You may post your questions here , i will find time to answer. But better with the chart so that i can answer in context , i cant comment on theories.
2
- #45
- Edited 1:06am Jul 28, 2025 12:44am | Edited 1:06am
{quote} Are you awaiting for breakout 3300 ?
Hi What i meant was even though that level is very nice for a long i wont buy that place because of the way price was approaching. those who touch trade great levels with RTM method should be aware of this. Those who long there on Friday account would have wiped out today morning. Even if there is no engulf i said i will look for sell and Look at the FO to the lower levels. Now given the heavy FO to the bottom i will neither buy nor sell till another engulf happens or stop loss lines up.
It is just that i wanted to point out selling or buying not necessarily after and break of the level, it can be even the way a low or high is formed in the chart.
breaking box above look for buy breaking below look for sell , if breaking a CP even can be more attractive. Now stay away{image}
sometimes it looks so surreal that we can predict the movement with highest accuracy . and that comes with the price and we oversize quickly . and one small mistake in our reading (it happens often) we get f****d by the market. And thats why i keep telling everyone including my self dont get carried away by the accuracy and blow accounts. Many of my accounts went to trash like this .
Good luck guys.