...here we go, similar setup as in the EURUSD. P!
Even 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...
Was this just a washout and continue higher? Or will it get rejected at the orange seller zone and down to the A/R? P! ...more on A/R: mytradingcoach.teachable.com
Price comes down from the upper extreme. A rest in the BZ (BuyZone) is very possible. I allways wait for entry, let the market proof that he stick. Then I want to see intension to the upside, wait for a bounce to enter, IF i have a good stop. P! Free ressource: mytradingcoach.teachable.com
Waiting for it to bang his head on the CL again. Then looking for a entry short. P! mytradingcoach.teachable.com
See comment in the chart, why i'm in danger eating my one foot! §8-) P! mytradingcoach.teachable.com
Here we go... Let's see if the Centerline acts as a TB (Trend Barrier). P! ...your free basic A/R course: mytradingcoach.teachable.com
One 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...
If 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...
GLD banged it's head at the centerline (blue), which is basically the center of the A/R set. Next support is the downsloping centerline of the bigger A/R set. P!
It's really astonishing how the ancient rules of Action/Reaction work out. Newton was a REAL genius. Next stop - Centerline. P! mytradingcoach.teachable.com
On a monthly basis, this looks also very obvious. What's the job?...Observe... P! mytradingcoach.teachable.com
Your eyes looking at a real Action/Reaction Chart. If you can master this, then you are on a very good way with you trading. There is much, much more to come...stay tuned and start with the free and very basic A/R & Fork Course today: mytradingcoach.teachable.com P! ...today is a good day to start over, enjoy live and be thankful for what we have.
I missed the BZ entry. Now price is attacking the A/R again, where i previous fell back from above. But price hold in the middle of the air, now try to break the A/R resistance. P! A/R Class For Free: mytradingcoach.teachable.com
Price has attacked the U-MLH (Upper Extreme) a couple times now. And it was in the SZ (SellerZone), where it got rejected. A bounce to the centerline is very possible. P! Free Forks: mytradingcoach.teachable.com
...down again? hmmm.... As we can see the lower centerline was allready reached. If price can work it's way above the upsloping centerline, then we are going much high, potentially above the GAP. But if price will be rejected at the centerline, then a new low or a second touch of the downsloping centerline is highly possible. P! Learn this stuff for free at:...
What do i see in this chart? - solid uptrend - reacting big Centerline - prior support at the red Centerline too - support zone - price at the L-MLH of the black fork I go with the trend, so my trade would be long. P! Have you allready took your free seat at: mytradingcoach.teachable.com ?
Here we go - Trade is over and now let's see if this bounce on the Centerline will produce the raction up to the U-MLH. P! Your 100% free A/R & Fork course seat is waiting for you ;-) : mytradingcoach.teachable.com