Likica,
The art of anticipation...
You have to get in tune with the overall market and how it is flowing. Then follow the flow. In the charts I
provided the daily charts were in a downtrend. When I saw the price action on the 4 hour chart I could
see that price was hugging the price action channel and I was looking for price to follow it down.
Since the trend was down, I was anticipating a sell on the pullback into resistance . The price action
channel was acting as resistance. The middle of the price action channel is the 10 ema.
I trade more like X-Man & Emmanuel, I look at the apb's first, then the tdi. Eelfranz looked at the tdi first, then the apb's.
Same system just traded a bit differently. I don't know which way is better. But I feel comfortable
watching price. To me trading is not mechanical it is also a art. Kinda like when a ice skater is flowing
around a ice rink. You need to use both mechanical & art in trading...
***Thanks Emmanuel for your support!!! I won't step on your toes...your the #1 teacher.
I'm only trying to help out...***
sj
The art of anticipation...
You have to get in tune with the overall market and how it is flowing. Then follow the flow. In the charts I
provided the daily charts were in a downtrend. When I saw the price action on the 4 hour chart I could
see that price was hugging the price action channel and I was looking for price to follow it down.
Since the trend was down, I was anticipating a sell on the pullback into resistance . The price action
channel was acting as resistance. The middle of the price action channel is the 10 ema.
I trade more like X-Man & Emmanuel, I look at the apb's first, then the tdi. Eelfranz looked at the tdi first, then the apb's.
Same system just traded a bit differently. I don't know which way is better. But I feel comfortable
watching price. To me trading is not mechanical it is also a art. Kinda like when a ice skater is flowing
around a ice rink. You need to use both mechanical & art in trading...
***Thanks Emmanuel for your support!!! I won't step on your toes...your the #1 teacher.
I'm only trying to help out...***
sj