what happens next? Price action training
- #85
- Dec 30, 2016 6:55am Dec 30, 2016 6:55am
- Joined May 2012 | Status: ... | 1,925 Posts
{quote} yea i do but I also think it could reverse and take me out
The value of before-the-fact discussion is laid out in your first post, which is why I decided to post in your thread. But in all honesty, the minute the thread falls into the trap of discussing running or completed trades that have not been discussed beforehand, all value is lost in my view.
By discussing potential PA we not only work on entries, we also work on exits. By the time we understand both there won't be any room left for uncertainty, only ruthless efficiency
- #87
- Dec 30, 2016 7:31am Dec 30, 2016 7:31am
- Joined May 2012 | Status: ... | 1,925 Posts
ok lest keep it pure price action ,no instruments or time frames ...
- #89
- Dec 30, 2016 7:38am Dec 30, 2016 7:38am
Happy new year
Happy New Year!
I want to be a Jedi Warrior like my father and his father before him!
Hi gembel,
I'm thinking the momentum is still down after a possible false break, will short with Stop Loss buffered above previous high.
Thanks
I'm thinking the momentum is still down after a possible false break, will short with Stop Loss buffered above previous high.
Thanks
interesting discussion... happy new year too mind if I post chart here too what will happened next? {image}
"The markets can remain irrational longer than you can remain solv
- #93
- Jan 2, 2017 4:56am Jan 2, 2017 4:56am
- Joined May 2012 | Status: ... | 1,925 Posts
interesting discussion... happy new year too mind if I post chart here too what will happened next? {image}
My side there's a top and bottom of this particular phase of the market marked out with red boxes. I'd agree with shyean that general momentum is down, however, I'd be cautious about that little breakout north that price is currently testing and can potentially form local support mid-range between supply and demand.
The lower TFs may give a clearer picture but mid-range trading this TF alone would be a crap-shoot for me, therefore I'd wait a while longer and let the market show its hand.
- #94
- Jan 2, 2017 5:27am Jan 2, 2017 5:27am
interesting discussion... happy new year too mind if I post chart here too what will happened next? {image}
Hi gembel
I think this is possible:
the 3rd wave is the crowd's wave
- #100
- Jan 3, 2017 5:48am Jan 3, 2017 5:48am
- Joined May 2012 | Status: ... | 1,925 Posts
What happens next? {image} My view on it (realtime chart) {image}
