A professional trader will look at the chart and see a Median Line, while a newbie like you might mistake it for a trendline or a channel. Subtle, but important difference. I guess you must be one of those who can’t tell the difference between support/resistance and supply/demand either. Maybe before posting on a public forum and making a fool of yourself, you should first learn the difference between a trendline and a median line. LOL.
Tuesday Daily 4hr 1hr 15min What I'm seeing: - Different time frames are telling slightly different stories. - The lower time frames are showing me a somewhat strong bull trend has formed, but the higher time frames make me think we could be heading down again sometime soon How I will approach the mkt: So long as the bull trend on the 1hr holds, I will be looking for long entries near support (the LTF patterns may be in the process of painting a more bullish picture on HTFs) If the 1hr TL breaks with a STRONG bear bar, I will look for short entries If price goes through the TL but doesn’t show much conviction one way or the other, I will sit aside and wait for more info
LOL You didn't answer the qn, bitch All you did was obfuscate with semantics. A median line is still a trendline (see definition). A line is defined by 2 points. Simple qn: When was the earliest time you identified the 2nd point (in order to draw the median line)? [crickets] You're too stupid to see what I was driving at My whole point is that your chart below is all HINDSIGHT ANLAYSIS You could only draw the median line/channel at some future time (ie hard right edge) IN HINDSIGHT to ensure the "best fit" line captured all known prior touches etc. LOL Most chart traders are disingenuous fktards who don't even realize they are constantly applying HINDSIGHT ANALYSIS REPAINTING lines/indicators as new data emerges (future time) Gives false indication at earlier time points, making it seem they were 'obvious' support/resistance or buy/sell points when they were not (REPAINTING is recalculating or revising lines/indicators based on new data (future time points)
LOL You're on SIM "we fund you" prop forever, bitch Either living on UC benefits, living with parents still sucking your moms teats (leeching free rent/food) at your age, PPC (pay per click, which is where your nick comes from), ebay-for-a-living & other dead-end, last resort, get-rich-quick ideas. You'd be living under a bridge based on earnings from trading. LOL Get a job FFS Implying you are a "professional" & calling others "amateur". LOL You were trading FX at 500:1 leverage a yr or 2 ago. LOL Repeat Blow up artist. Sounding like a wise old trader, parroting trading generalities/truisms, talking tough, posting tons of HINDSIGHT CHARTS doesn't mean you're making anything more than min wage (IF you're even consistently profitable). LOL Empty cans make the most noise PS I was the one who originally exposed your loser ass as: PPC = Xela Born loser whose product of choice seems to be 6E TLDR Come back when you're making 7 figures per year, bitch
???? Seems like you have a drug problem. The way you conduct yourself in a public forum says a lot about you. Judging by your angry mood, you're not doing too well in your trading or your life in general, are you? I have better things to do with my time than to reply to drugged junkies like you. You are the reason God created the middle finger. I wish you all the best with your drug rehab. PS: your attempt at commenting on median lines is ridiculous, you clearly have no concept what is a median line and its function, all you see is trendlines when these are NOT trendlines. LOL
Wednesday Daily 4hr 1hr 15min What I'm waiting for: 1. Price structure to tidy up a bit. Both support and resistance seem soft. Price is easily overshooting channel edges in both directions. 2. Even though price is moving up, I can't see anywhere that I would be happy to risk an entry
Thursday Daily 4hr 30min What I'm waiting for: Better price action with more of a directional bias What I am mindful of: 1. My own impatience. - I have forced a few sub-optimal trades the past 2 days - I spent to long watching a LTF chart (when there is no need to be so zoomed in) and lost my larger perspective
I agree, that does look like it could easily turn into a 2 legged PB. Especially since the LTFs are losing upwards momentum. How are you looking to play it?
Just a few mins ago went short $2915 with (QO) mini Gold on 38.2% retracement of swing down - stop out if close (on M5 chart) is above 2920 50% ret. Target for the moment is open. Short term is bearish PA-wise (and both ROC's negative) and there was no EW Osc divergence at the low with volume stronger on down bars than up.