So, from your chArt of Deception thread and the mirror comment. You are saying that charts are just a ruse.? You see something else not contained in a chart or TA? :eek:
Play or fade break outs? I'm interested in peoples opinions. Personally I say fade it or take the pull back. Cable today, counter trend day (rally off of obvious support, aka suckers' rally) or reversal? (See attached).
TE, The latest charts you posted, do they contain the setup you look for? As i think the answer is yes........... In the NRB, WRB, Is the Bar, not exactly a bar, but more some kind of top down movement?
So on the 1 hour chart you have drawn S/R lines at peaks/lows and where prices spikes up/down. These are levels where stops have been taken out and smart money has an interest? Those levels than get inherited by lower time frames and you trade on the 1m chart refering to those levels. The Generals are operating on higher timeframes and their levels can be seen on monthly, weekly, daily charts. Thats a quick assessment, glass of wine over, time for bed!
"Thats a quick assessment, glass of wine over, time for bed!" Haha I love reading with a glass of wine ! I advise against trading with a glass or 3 of wine though
I really think i got it. It is just a matter of not taking the Bar in NRB, WRB, NRB to literally and draw the lines. My results get better every day. Thanks TE! This is really a money machine! It is so obvious once you see it!