DAX - Arrived @ A/R... to turn south?Unfortunately there is no trade for me, even this is a superb place for the market to turn.
...there is no structure to hide my stop ;-)
Facts:
- Trend is down
- Bubble Up (usually not sustainable)
- A/R resistance
Let's observe and maybe the market creates a stop-structure for us...
P!
mytradingcoach.teachable.com
Forks
NASDAQ - "PARTY IS OVER"...is it?Holy Moly...
I use Newtons law of Action/Reaction many years now.
And again - i'm floored once more, how one can do a little "magic" with this knowledge.
Time will tell if we go down from here, but hey - If I see the previous FACTS in front of me, I really don't bet anything for another move up!
Thanks to all my followers for your support!
P!
Get your seat on the FREE Action/Reaction course and enroll today:
mytradingcoach.teachable.com
USDCAD ST - Trailing down to L-MLH?
Overall DT.
resistance on the SZ and at the U-MLH
very low closing bar (PinBar), rejected at the SZ
This is a potential short which i try to trail down as far as possible, without the exit at the CL.
To me, the past down swings look like a load of a big battery.
...just my view, and probably dead wrong ;-)
But i play chances, like Casinos do.
P!
AUDUSD - Not listen to us...Price did not act as expected.
But we stil need to learn from this and
use this information for the future.
At least we see, that A/R works very nice...
...the centerline & WL2 confluence is a real pretty one!
Actually price is kinda ranging - so we probably leave
this one allone for a while, at least in this timeframe.
...observe and learn...
P!
mytradingcoach.teachable.com
EURUSD - Holding, Coling, Exploding?On the dayli we see price coiling.
This brings the potential for a nice SQ to the upside.
My Goal is still the upper A/R, or if it struggles at the centerline, i take my profit there, or partial at least.
P!
Take Action and create positive Reaction : mytradingcoach.teachable.com
IWM - Centerline Break & Test/RetestThis is like textbook behaviour.
1. break of the centerline (upsloping)
2. test/retest at the centerline
3. down to the next A/R Line, the downsloping centerline.
Want the texbook?
Get it here for free, packed in a very basic A/R & Fork course: mytradingcoach.teachable.com
USDCAD - Another Picure On The 240Her's a complete ohter picture on the 240.
Break to the downside is absolutely possible.
IMO, here is a trend change going on.
The red FLUSH looks like a final shakeout.
More information on the chart...and try this out - i'm sure you will like it (it's free): mytradingcoach.teachable.com
Crude - Support At The Lower MLHThe breakthrough of the upsloping centerline (grey), and the L-MLH of the red pullback-Fork indicates a potential turn.
Main TGT would be back to grey centerline.
Second opinion is the break of the L-MLH, down to the support zone (green) and up from there to new highs.
P!
Like the Forks?
Her's your free, Basic Course: mytradingcoach.teachable.com
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