robharman

robharman

hard to be bullish but want to sell higher up but would buy for a quickish scalp lower down re the chart

robharman

play the ranges watch the tend line Take the best risk to reward trades i am looking for a sell as close to the trend line as possible ...subject to something bearish on the 15 and 60 time frames

robharman

details are on the chart sell area one we are basically coming into now ...wait for some bearish confirmation s close to the trend line or wait for the area higher up in the sell zone marked review if the bulls remain strong ...you want to see the bears come in and say no price is nt going higher !!! Good luck traders

robharman

Some things to watch ...how this weekly candle finishes tonight ..will it be a spinning top ..indecision,or more bullish i have put in the fib to see what that adds and also looked left at the area B A is my favoured area to look for a sell Good luck traders

robharman

well if the bears want to come in it could happen today or monday look for a double top a bearish engulfing or a lower high/failure to make a new high

robharman

see the chart updates from a previous post an age ago range has broken ...retest ...then come on you bulls ...patience STOP HUNTERS WILL BE AFTER YOU

robharman

some fairly obvious structure levels and a brief description of what i see play the levels ...keep your stop tightish good luck traders Rob

robharman

IT S BASIC CHARTING It s on every chart you will ever look at WHEN YOU CAN DRAW IN THESE LINES ...AND TREND LINES ...YOU HAVE THE FIRST STEP OF WHERE YOU SHOULD LOOK FOR YOUR TRADES evening all cheers Rob

robharman

i am not a buyer not a decent RR from here everything is saying sell ...but monday will tell us if the bulls are more serious

robharman

evening all spend an hour on research it has some value add in swing highs /lows and the pivot points S1/2 R1/2 cost s nothing to look ,to research Make your own plan

robharman

basically watch the lines i am bearish unless or until PA makes a new high but to go lower it also has to get thro that trend line Manage your Risk and your reward expectations Cheers Rob

robharman

i dont know if these ideas are helping you let me know if you want more and /or something specific All the best Rob

robharman

if anybody tell s you that charting is a right load of bo......x ...send them this chart it has so much good stuff on it FOLLOWERS ...FIND SOMETHING SIMILAR AND POST ME IT BELOW

robharman

So how do you trade this 1/ play the edges ...the tops and bottoms 2/ pay attention to your RR relevent to your entry 3/ trade with the trend ...meaning sell again as high as possible MACRO ..has Hunt done enough to steady the ship and what about the FED and Bailey early in NOV interest rates and inflation are the numbers to watch

robharman

It s All about horizontal lines basic support and resistance Then add in some useful technicals ..... sell the top of the bollingers sell R1 or R2 look at the RSI etc etc BUILD A CASE FOR YOUR TRADE ...AS THE BOXES GET TICKED THE PROBABILITY IMPROVES

robharman

we could be in a pull back area it s dropped very very quickly or are the bears really really strong

robharman

just playing with fibs and length of drops interested to see if it recovers to the 618 area /32000 then drops to 28 or lower

robharman

The thing is whose feeling remotely bullish at the momentum Look at the macro s inflation ,interest rates, full employment I think we are still a long way from the bottom SELL any decent pullback it could give you a thousand pip drop