The discussions I read in the last days can be very confusing. ...at least for someone who don't think about the context, and time, and the difference between trend and flow. You can not chart something in a daily, and talking about the next 5 or 10 years. That's foolish, period! This chart shows what I mean about a longterm perspective. Follow price from the...
The dashed arrow comes from the prior post. As we can see, we cannot expect the market do immediately what we wish. But at least we have a clue, how good our assumption, tools & systems are. Now, we are at multiple resistance points, with ES below the centerline. Most of the time this is a no brainer, and my shorts are already in and working. Since I also...
Not much to say here - if it can break the actual pressing, then we probably will see RUT climbing to new highs. The downside seems harder to break, since we can see lot's of support. However - neutral to light skewed positions are not a bad idea IMO. --------------------- Hier gibt's nicht viel zu sagen - Schafft es der Markt das aktuelle Pressing zu...
No clear trend in the daily, but we can identify the flow in the lower timeframes. Here we can see how we can use different forks and the A/R channel to extract information. Rules telling me, that this share wants to go north. And indeed, chances are high that price will reach the U-MLH, as our rule framework teaches. A significant close below the centerline...
This one is classic. Zoom, test and a potential re-test. However, the target is the lower medianline parallel. If we close above the centerline, then chances are very high for a pullback to the upside. P!
...it halted to the tick at the L-MLH. Supported by the A/R line, what we have here is a long candidate. As a target I simply choose the EP = Energy Point. P!
They managed to crawl above the centerline. again, even in the weekly. The little pressure favors the momentum for the long side. Looking for a long entry, up to the U-MLH or to the moon... P!
Hmmm....very interesting to me. Price bounced at the L-MLH. It produces what I call a corner. And if I throw a fork on it, it fits the "edge". Letting it come back and try to hop on to the long side. P!
I see these two sine waves as you can see, market on the chart. In my head, this could play out as follow: - filling the GAP - wipe out the longs who placed their stop below the minor sine wave - pullback and... - ...because of short term overall market drop, wipe out even the stops below the macro sine wave. Whoaah...a little too far ahead for my feelings. But...
Two times Hagopian. Now at the lower medianline parallel (L-MLH) and back into the zone from where it broke out. Let's see if we can find our entry. Observation Bots send't out §8-) P!
Here we have to slope (frequency) of this market. Let's just observe and see what's going on. Maybe the market screams at us and we find something to work on. P!
As discussed last week, I am once again looking at NZDCAD with a short perspective. The pink ML has yet to be hit, as the value area from around April 17 held price off for now. Price extended quickly up and found resistance where sellers took control previously. At this point in time it also coincides nicely with the pink UMLH and price action gave us a mini...
As taught in the Andrews course we can anticipate a new pivot forming at the blue median line. Already showing signs of rejection with the sellers winning the battle at the high. If price can break the support line then I plan on taking a short if price retraces to test the break. Current high also looks nice on a channel in the daily view.
Longterm Short after opening gap for DAX "Ger30" same scenario with CAC "CAC40" Remember to follow French Presidential Elections Events at North Korea etc.. Take Profit at Previous Swing LOWs appx 9400s SL- With relatively safe trades .... who needs SL when at worst scenario you can hedge :p
Big battle took place at the top of this swing up. Break out bar (bob) shows that buyers are no longer accepting higher prices and can expect price to at least retrace to the median line. If price gets high enough to visit BOB can go short based on evidence of nobody accepting higher prices above. Can expect a bounce of the value area on the way up as...
A classic TA may see a H&S. What a Fork Trader is seeing is a different picture. Watch the picture on the follow up below. BTW:...it's not about right or wrong, it's about context and education.
Price gapped up to the seller zone to the tick. Even price made a hagopian, means that price did not reached the centerline, I bet on the short side since C. is respecting the Medianlines so good. P!
Price got kicked down at the centerline. Then the world falls apart for XBIT... ...at least it looks like. To me this is a GAP could be engineered from the Market Maker. Think: If you would know "something" in advance and had the money to invest in a startup, what would you expect from the board to do for you? Hmmm... OK, I really dunno, but this could be a...