candlesticks

[easymon1]

1. Learn Price TA.

2. Be very attentive to price action.

3. Make aggressive plays around support and resistance... WITH STOPS.

That's IT!

(I understand. Easy to say, difficult to execute well.)

is this how you might use price action? do you use targets measured by PA? nosy bastard aint i? any ed materials that you suggest?
don't suppose that you'd post an image of a price action chart that you'd endorse?

thanks, that old dell just keeps on crankin, by the way...

 

[Scataphagos]

View attachment 231433

is this how you might use price action? do you use targets measured by PA? nosy bastard aint i? any ed materials that you suggest?
don't suppose that you'd post an image of a price action chart that you'd endorse?

thanks, that old dell just keeps on crankin, by the way...

Yes, that's a sort of triple bottom.... sort of a sloppy or complex one... was still indicative of "bottoming action" and of course turned out to be exactly that.

Don't know of any specific ed.... it's all mixed in with the tiresome stuff... up to you to tease it out.

However, your "triple bottom" catch is a start. Observe the charts closely and you'll discover other correlations. Build a little library of "things to watch for".

(On a larger scale, I earlier posted on the "island reversal... and a gap fill would likely act as resistance". That's still holding a lid on the market so far.)

 

[murray t turtle]

when people say be attentive to price action, do they mean pattern (double top, double bottom etc.)?

%%
Including but not limited to that;
daily close, weekly close/ yearly close.
5 minutes=noise...…………………………………………..Good question/wisdom is profitable to direct.

 

[easymon1]

5 minute Chart
Price Action
Double Top
Tripple Top
Joyful Noise.