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EURUSD - 60min @ supportEven i have my long position setup on the Dayli, i would like to show you this setup. Price price produces a slanted coil (small one), washes out the stops above and below and finally resumes the main trend. Here we even have a nice support zone (green), where it is super nice to enter. I allways put my stop below the stop running spike, or on bigger scales even a pivot lower. Nothing works 100% as we all know. But it is also important as a fulltime trader to TAKE opportunities when they setup. Because in the end, trading is a numbers game, where it's base comes from chances. And the chances are the setups we have, and which we shall backtest and verifiy biy stats! Because these stats are the only thing we can lean on in the long run. P! Take the Basic Action/Reaction course for free: mytradingcoach.teachable.com
Long
by Tr8dingN3rd
AUDUSD - Some Rules Of A/ROne of the rules (the Hagopian rule) of Action/Reaction is as follow: " If price miss to go to the nextd line, there is a high probability that the market is going back from where it came, or farther in this direction". Here we have the WL1, the Warning Line, which marks a area where price is running out of steam, and will pullback. Check Next we have the Hagopian rule. OK, price got rejected at the WL1 and is starting to go back from where it came Check ...or further -> This one is optional, but in my stats proven that price is most often going back more then from where it came. In this scenario price seems to stick at the Centerline, which is a normal A/R support in nature of this axiom. So - where do we go from here? I dunno...we are in the middle of the extremes, and there it can happen everything... Ding Ding Ding - Shool is over, you can go home now §8-) If you like this Action/Reaction & Forks method, take you free seat here in this very basic A/R course: mytradingcoach.teachable.com I am in the midst of creating a whole braindumped course for you guys & gals. If you want to be informed when its going live, just attend the free course above and i will send you a "ping" ;-) P!
by Tr8dingN3rd
VIX - Attention Options TradersIf you trade options like me, then you will take a very close look at the VIX. So here we are, at the Lower Medianline Paralle of the black downsloping Fork. What does this mean? It means, that the VIX has pulled back to equlibrium - to a energy zone of equal, where all is possible again. Most of the time we can see price turns at the L-MLH in the opposite direction, since the energy (price) is now at a stage of the opposite extreme, and/or at the center of the upcomming other extreme... ...can follow? ;-) No problem if you can't. All what it means is, that we Option Sellers are probably looking for strategies, where we more then not use strategies to buy, instead of selling options. For example some RiskReversals etc. Let's see how this unfolds in the upcomming days and weeks. P!
CBOE:VXXLong
by Tr8dingN3rd
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