The Market Explained by candle sticks and price action - Page 3
Page 3 of 737 FirstFirst 12345 ... LastLast
Results 21 to 30 of 361

Thread: The Market Explained by candle sticks and price action

  1. #21


    Where do you think the easiest and best way to exchange this chart SIM?

    Those Corrective motions are where market heuristics continue playing games . There was a series of events which occurred earlier this movement that is wonderful unfolded which will play an essential role in the plogy of this trending segment that is down.


  2. #22
    Well my usual trading would see me take that first bearish snare on the 5m, those two candle pullbacks usually fare well for me personally. . And its own retesting that trendline it broke

    But trying to think as if you do, is it that the rest of the numerous lows that were created, prior to the IMPULSE?

  3. #23
    Quote Originally Posted by ;
    Well my normal trading would visit me take that first bearish snare on the 5m, those two candle pullbacks usually fare well for me. . And its own retesting that trendline it broke

    But trying to think as if you do, is it that the break of the numerous lows that were created, prior to the IMPULSE?
    Yes those bars with wicks marked from the red circle are all signs of collapse Right before the spontaneous move down could be a secure trade because we had a break of the horizontal trend line then it attempted to create its recovery back through it and failed solidifying what everybody was thinking that this is not buy anymore.

    Section D tendency line was also broken and tested so we understand its Safer to exchange offset tendency of D (which is short)

  4. #24
    Quote Originally Posted by ;
    But trying to believe like you do, is it the rest of the numerous lows that were created, before the IMPULSE?
    Dont consider it as a fracture think of it as an evaluation and then an collapse of the test.

    A Short placed at The red ring is the best trade also never sell in an old low you can't where buyers are lurking or Bears covering their shorts.

    That's why you keep saying that you continue getting caught in traps it may because your selling old lows. Lows are places to snare up late bears who miss the entries. These areas of old lows are sometimes overwhelmed by bears covering their shorts or even anxious long who want to ch a change early. It is where I might have covered if I found any indications of buying. But it didnt really demonstrate any. The safe exit would have been obviously another bar which is a classic reversal bar.

  5. #25
    What I tend to get caught out in whatever over m15, is a pullback, together with the main trend, which barely gets out of breakeven but continues in the opposite direction at which I know it will come back, but at the mean time the risk is not worth it. It stops me and other typical traders out, then comes back to our assumption lol

  6. #26
    Quote Originally Posted by ;
    What I have a tendency to get caught out in whatever above m15, is a pullback, with the most important trend, which hardly gets out of breakeven but continues in another direction where I know that it will return, but in the long run the risk isn't worth it. It stops me and other average traders out, then comes back to our assumption lol
    Are you a bit more specific? Are you attempting to say you have been buying or selling corrective moves and hardly getting out at break even. Getting squeezed out of a trade signifies that the transfer you've believed in has failed and you need to be trading the direction of where your getting squeezed. Your trading contrary to the market sentiment.

  7. #27
    It's when I change to longer term charts, shorter term is fine, m5 down to s10.

    I get squeezed out of it understanding it is a fake countertrend movement inducing my SL to be struck... so say at a downward trend, I see confluence of SR and fibs, and a pattern or two. . .enter properly and conservatively, then market squeezes me out just to come back later in the day

  8. #28
    Quote Originally Posted by ;
    It is when I change to longer term charts, briefer duration is nice, m5 down to s10.

    I get squeezed from it understanding it's a fake countertrend movement causing my SL to be hit... so state in a down trend, I see confluence of SR and fibs, and a pattern or two. . .enter properly and conservatively, then market squeezes me out only to return later in the day
    im not even going to pretend I know how to use Fibs. I dont actually believe in Fibs but I have heard good results for some so I wont dismiss them. Show me an example in a screen shot. Run me through the time line of activities that made you place the transaction you have squeezed from.

  9. #29
    The problem is mainly implementation in real time... looking back for the examples is gloomy because there are so many good trades but I only get caught in the bad ones... time limitation could be a probability as I notice more imitation moves in the morning,, and that I enter them since I have lectures in the day:S

    View here, fine candle pattern, an integral psych degree, a crucial first bit of fib, EU at a nicely 3 day uptrend so far,, how can I get caught at the reversal exchange that's part of a continuation commerce in my own eyes:s

    I waited for continuation therefore barely got outta BE.

  10. #30
    Quote Originally Posted by ;
    The dilemma is mainly implementation in real time... looking back for the cases is depressing because there are several good trades but I only get caught from the terrible ones... time limitation might be a probability like I notice more fake moves in the morning,, and I enter them since I have lectures in the day:S

    View here, nice candle pattern, an integral psych degree, a crucial first bit of fib, EU in a well 3 day uptrend so far,, how can I get caught in the reversal exchange which is an element of a continuation commerce in my eyes:s

    I waited for continuation therefore...
    Like I stated about FIBs. I believe your fib might be draw incorrect too. Inside my mind fibs see like magic numbers folks wish to stick to which don't actually mean the exact same thing to each other traders.

    Take a look at the daily. BUYS ARE OUT OF THE QUESTION in a land slide bear market. Just look for failures of counter trend movements (Failed bulls).



    Notice how the daily clearly reveals respect of the moving average. Zoom out a little before putting a trade in lower time frames. It'll help give you some perspective.

    Watch the line I have attracted dont consider putting a buy until that line is broken and then tests its past low and moves higher.

    Trust me when I say winning at trading is alot about being patient.

    I was tired as shit waiting for this 2 day rally to fail and figure what I left the home to do some business and missed the start of this move. I was PISSED!!!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.