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Forks

USDWTI - Rocking up to the EP/ConfluenceWhat can a trader count on? As far as i know: FACTS and HIGH CHANCES from one statistics. If we filter all the noise and mark out the facts, then we have what's really going on in a chart. So, what facts do we have in the USDWTI Chart? 1. a mesure of the big up- swing, copied to where i see, price has changed direction. 2. price left the orange down Fork at the U-MLH. 3. a overshoot of the previous biggest swing-range to the downside. And we know: where is a Action there is a Reaction. 4. support at the red upsloping A/R Set (...in fact, if you look close, you can see that this lower red A/R line is nothing more but a L-MLH ;-) ) 5. price is very strong, left even the first WL (WL1) 6. the upsloping, thin red Fork - price made it above the CL = very strong! 7. CONFLUENCE: a) Overshoot Reaction, b) WL2, c) U-MLH of red uplsloping Fork. All this is FACT.... ...and it is valid, valid ONLY for the moment of the analysis. OK - but what is it then good for, if we can't bet 100% on all the information and on the price target at the orange circle? Well, it's good for a HIGH CHANCE to go up to the orange circle/confluence area. And that what our job is all about, handle chance and risk. P! Here you can find a free Basic course of Action/Reaction and the Forks: mytradingcoach.teachable.com
FX_IDC:USDWTILong
by Tr8dingN3rd
USDCHF - Rebound after Head Banging on the CLLast week we had ECB decision about int. rat. to zero, what caused the flash down to the A/R line to the tick. Now, the Action is over and the reaction can follow. Price landed in the Buyers Zone again, which was first washed out by the Sine-Wave move down to equilibrium. Then we see the normal "Bubble-Up" (the reaction from priors action) up to the CL, which price reaches over 80% of time. From down here, a new story is starting beeing telled.... P! Free for you: Action/Reaction and Forks
Long
by Tr8dingN3rd
IWM - From Extreme To CenterFrom extremes to center - in any context. 1) Price is at lower extreme of the black, big fork 2) ...runs back to centerline of the black fork 3) and comes back to another center, the small red upsloping forks one. It's just another context. Will it rest there? Dunno...nobody knows. But if you observe, make your one stats and can beleieve in them, then you know what to to, when price reaches a centerline, a upper or lower extreme or just sitting in the middle of nowhere. If you like this natural laws of center and extremes, of action and reaction, then you can find a small very basic course online in here i've made for starters, fro free: mytradingcoach.teachable.com P!
AMEX:IWM
by Tr8dingN3rd
EURGBP - Beck from extremes and headbang at A/R'sFrom the U-MLH, pullback down and up again, to bang the head at the A/R. And for classic pattern recognition lovers, we also see kind a H&S. From the U-MLH, we have a great chance that price comes down to the Centerline, as "Timing Is Key" found in the old documentaries from Andrews himself. P! For those of you who like to evolve in Trading and are interested in the Forks and Action/Reaction, you can find a free course (very Basic!) for free here: mytradingcoach.teachable.com
Short
by Tr8dingN3rd
RUT - Turn At Extremes On A DimeUnderstanding where extremes in markets luring, can be very helpful. Most of my trades are with options for credit See where the green circle is - it's where the lower extreme sitting to shoot up price again like a cannon. The opposite is at the CL (Centerline), where the red circle is. This is where the energy is running out. Now we will see price back to the red CL. Again, a equilibrium in a smaller universe. Observe to learn! ...her's a very basic A/R course: mytradingcoach.teachable.com
IShort
by Tr8dingN3rd
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