Morning guys and the move was all pretty much as predicted. The arrows point to the Tails-of-Pain I mentioned on Friday. This was a big clue to the short trem direction. Friday morning's first posts were looking at the gameplan and the 3-Pushes To High was the signal that the bullish triangle would do the opposite to expectations and break down. No surprises here, that's exactly what we got. I've drawn a parallel line to the fake break on the 3rd and the hourly looks very well supported here. Keep in mind that a common move after a breakout is to return to the trendline and then continue down. OK gameplan: clearly well supported so we are long above this support. We'll see much later if the direction is to continue down. Enjoy
great money-making but whippy action here.Thought I'd post a nice T/l from Fri that meets PP. Think I won't be so active in the thread today as I have given plenty of ideas to put into action. Now's your time to learn how to use them. Enjoy
Morning all! Had to do some things today (pay bills etc) and missed the morning action, which looks beautiful indeed! Well, plenty of action ahead too I bet.
Yoohoo, Your contributions are very valuable indeed! For me it's a key given to the best R/R entries and how to trade chop... Everybody and his dog knows how to trade well defined high volatility swings, but thanks to your hints it's now possible to make a bundle in ranges as well for me...
Hi CF, just got your comment before I leave ya to it. Thanks mate, glad to help. And there was me thinking you were Zzzzzz'ing in yer wee bed when the ATM was busy printing again. Looks to be a great day, but some of the whips are quite severe so it's got the makings of shaking a lot of traders out today. Nice scalp move off that T/L. Enjoy!
No way anymore I'll miss mornings when I can watch them... Because in past I didn't have a method to trade ranges and now no probs, so why not make some extra $.
Had a pretty K/R on 1min where I closed my short.... Of course I missed it. 1min are still too quick for me.
But the good thing I notice is that 1min anyway is getting a bit easier to read... Just several days before it mostly looked like total mess to me. Now action looks more orderly and lag between PA and my understanding of it on 1min decreases.