Interesting, when you were talking about market movements I assumed you were talking weeks to months ... 5 mins price movement on a chart IS price action. https://www.investopedia.com/university/introduction-stock-trader-types/price-action-traders.asp
actually i was talking about a single bar....it may be 5 min hourly weekly or monthly,i will repeat it...this is like the DNA.... the basic movement of the market : think about how the market moves.....an up bar, then retracement......sometimes breaking the up bar low....it usually makes two attempts to break the low, so if you enter on the up bar put a tight stop below the up bar it will be triggerred more often then not. stop running? no , the market is not bothered about you...it is just moving... as it usually does. then it will go up and after sometime come down again to test that area and if you put trailing stop/break even stop, that will hit. what i am trying to say is that instead of analyzing the market, instead of expecting the market to do something because of some indicator data or guru see what the market is doing NOW
padutrader, Sounds good to me man and makes sense. The orange arrow below explains what you are referring too. That is good market movement today, and I am happy I was able to take a high probability chance of winning trade. Lots of green bars and a few red bars pointing up. BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY, give me some money, give me some money, give me some money, give me some money.
this market will/may eventually come back into the area or below the yellow area.....but this is where you have to be wary because 10 % of time market will do something different observe the market closely once it starts to move more slowly then expect to see the yellow arrow again