Guys, Here's a setup that I'm looking at. There is a fakeout at the HHR. The previous two bars combined forms a large bar with weak close. This signifies lack of liquidity. For this setup, we should enter when price retrace to test the HHR. This create space for price to move towards the FTA. What do you think? EDIT: I would rate this as a B setup. {image}
Ignored
I saw that one too. But given the fact that it was a weak fakeout, it was a pass for me.
{quote} Ghous has described it beautifully in his notes. Please check out the attached file - the paragraph highlighted in yellow and the figure above that. N {image}
Hi guys,
did anyone catch this?
I saw it forming and was going to trade it, wanted to buy slightly above the green line, but then ended up not taking the trade because of the area I marked as FTA. In hindsight price did what I expected.
Ghous could you give me some tips on how to determine how strong a trouble area is in relation to the price action we see and how to make me more confident in my analysis? I think that these two are the points in which I'm struggling the most, I see trouble everywhere and after seeing many setups, which I don't take because of some trouble area which I recognize as minor only after, work out perfectly, I end up taking worse setups which result in a BE or a loss...
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