Understanding price action

Discussion in 'Technical Analysis' started by Erin, Apr 23, 2020.

  1. pasdz

    pasdz

    Erin,
    Can you advise if the zone being plot correctly, thanks
     
    #191     May 2, 2020
  2. maxinger

    maxinger

    hmmm. Erin is back?

    Do note that price action is not just about drawing lines and coloring here and there and hope that you will be profitable by end of day.


    When you apply to real world,
    there might be fake signals,
    or market might just move just a tick or two, then reverse direction to hit your stop,
    or market might move with Reward Risk ratio of < 2:1

    That's why I was asking what is your RR ratio,
    success rate, and about trading live

    We want decent RR ratio, decent success rate so that we can
    be profitable by end of day.
     
    #192     May 2, 2020
  3. Enjoying your thread thus far. It appears I have some of the detractors on ignore already, probably means they were doing the same thing in other threads making it hard to follow the discussions that matter.
     
    #193     May 2, 2020
    Shailesh, rcsmie and Erin like this.
  4. easymon1

    easymon1

    good to see you back. what's your take on the $SPX going forward, any timeframe you like. Thx
     
    #194     May 2, 2020
  5. Erin

    Erin

    It is hard to come back...very hard. Until we see more data this coming week it is collapsing on the 30 min tf
     
    #195     May 3, 2020
  6. _eug_

    _eug_

    Erin is there a reason you prefer to use cfd charts vs the futures charts?
     
    #196     May 3, 2020
  7. Erin

    Erin

    I touched on over lapping bars but I did not think there was interest - I do not know the instrument, or time frame but I think the overlapping bars below price will come into play - it is in supply
     
    #197     May 3, 2020
  8. Erin

    Erin

    I do not trade futures
     
    #198     May 3, 2020
  9. Erin

    Erin

     
    #199     May 3, 2020
  10. Erin

    Erin

    I kinda like coloring here and there
     
    #200     May 3, 2020
    1other1 likes this.