Dislikedhi whatfx....not sure whether courtney is around...so lemme try answering this..
u realise a price move (either up or down) has been exhausted thru price action...a pin bar, price move into SR region etc...that increases ur chance of a successful trade....as u know, nothing guarantees a successful trade...u just try to increase the odds in ur favor...
as for the number, there aint no specific number....its just a question of combining PA and the volume MA and u take a call based on that...it is indeed a bit subjective and thats why i havent...Ignored
in that you cant filter out the false moves.
have a look at the attached chart. gu. volume at the start decreases, price increases. you would then enter a short at a chosen point. however, the price keeps on increasing does not fall, so short entered would have been stopped out. eventually the volume increases and is in line with price increase.
after this again similar situation. price sort of falls, volume increases, so you would look for a buy. you would enter a buy, but guess what, price keeps on falling never increased. eventually volume increase slows, but price still not increasing.
too many of these false setups.
so how do you identify where to enter..............and whether to enter or not.....candle patterns dont always occur........s/r levels, pivots, may not be hit...etc
Attached Image (click to enlarge)
But I'm waiting for a breakout, no point guessing, Just gota hope you're on the right side of the market when it does...
