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Waterfall?

Will we see 1243 today now that news is over?.... I think so yes

Well if I was to take a position somewhere in that distribution pattern, the closer to the resistance the better, the first objective would be around 1242ish and risk on the other side of 1260. In terms of time frame for it to hit target.. .that I have no idea.

I don't watch the news... Chart looks bearish because of Resistance zone and also decrease in momentum as we approach. Someone must be selling that resistance level looks like to me. Here is the 15 min chart with a MACD to show momentum shifting from bullish to bearish.

Yes same method of chart reading... Like looking at the gold chart and saying its prime for a short now without knowing anything about gold but chart levels and price action.

Let me ask this..... Does the same method apply to all markets and all time frames?

Would you share some details about your trading career? How long have you been at it? How long profitable? Other than not listening to standard trading education what helped push you over into success? If you were mentored or not. Thanks,

Anyone here read the kewl tech blog?

Thank you for answering. You were on the other side of one of my trades last week, enjoy the money :sneaky:

How long did it take you to get profitable? Are you a discretionary or systemic trader?

No guts, no glory

Are you buying support on first touch or waiting for price action / momentum confirmation?

Hiker, climber and general adventure enthusiast myself as well. Get that RV and go. It costs less to live on the road than regular life... that is if you are creative and can think outside the box.

Did they jump in to cover the shorts that were initiated against that level before from July 11 to July 17? and possibly reverse positions to join the stronger side (the bulls)?

Nice trade. How long have you been trading? Are you in Russia?

I've been trading some CL. It goes like this, make money for 4 days straight and then lose everything I earned in 2 trades. :banghead:

Looks like an uptrend to me..

Just spend a few weeks looking at each and see which you like better.

Thanks for the suggestion to look at Bar charts instead of candles. Seems to be easier to read the consolidation areas.

I have no idea what I am doing yet just absorbing everything I can and what makes the most sense to me. From observations I think orderflow and s/r are the route for me in the markets. Just have not been able to put it all together into a winning method. I think the missing link is experience /...