demand did not hold [IMG]
thx boru nice to hear from you.. niko, I'M GONNA FIGURE THIS ONE EVENTUALLY :D
mapping the territory - backing up to 2011 [IMG] [IMG]
something I've put together from various indicators and code samples with my limited programming skills i take no responsibility... :) here .....
game plan: Wait for price to re-test the big TR MP for 5mtbr short Wait for price to re-test the big TR highs Wait for price to reach 50% of...
The hourly, confirms the trading range (sideways view from the bigger time frame) Price took the upper half of the range (implying demand), than...
Bigger time frame still in a downtrend, SL not even close, signs of sideways movement are starting to increase
done for the day, i don't trade inventories day no trades today
game plan: Avoid the MP, Wait for the extremes TR high or low
Price consolidates , the MP response (supply) occurred but demand were found below, this created a consolidation I should avoid. Overall...
game plan: Wait for a retest of the MP for a 5mtbr short (PHOD will also serve me well) If we reach TR highs look for 5mtbr short Wait for TR...
When drilling down it is clear that a Trading range is in play It held above the MP for a couple of days just to take out all buyers in once day...
The bigger picture still shows supply is present Demand had not taken over yet
here's the daily hindsight/recap with execution
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