IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION
- Thread starter IronFist
- Start date
sorry havent been on for a bit been busy..
S/R is mental the way people herd break on move on but never really know whether itll break or not. so mentally they are split into group someone said it on here before im just trying to get people to think about why it moves the way it does if bias is down your higher prob to break support less likely to break resistance its bias if bias is down and the move is at a resistance what does that tell you. nothing is technically an "illusion" in trading its what people think.. people with the power to make the moves. watch 25 00 50 century marks sometimes itll blow through sometimes it wont but if you look to see why it doesnt or what it had a higher chance of doing probability.. this is what i mean by look and see... its not that im hiding anything its that im not a teacher if you get what i mean i m a trader i sit in my house im antisocial and i trade for hours i go to work at night in a restraunt to get my social fill. just look and see what you see is what you trade..
think about this martial arts are said to be able to see into the future because they spar so much they see slight movements and know what those movements represent in physical form the planted foot power to muscle waves to the fist then it stops try to see the start what caused the start how it moved gained power what it blasted through s/r lines where it ended up.... just like a punch where was its power headed or its bias a punches bias is towards a location.
Quote from IronFist:
Are you talking about mean reversion with a 20 period EMA when price gets x distance from the EMA?
What happens when price and the EMA fall at the same rate (a large down trend) yet the distance between price and the EMA remain the same?
I know this is outside the context of this thread, I'm just wondering.
That post was quite vague, too
Specific rules?
Ideally I would like to ride (potentially) long trends... but I'd be happy with small profits in a countertrend system as well.
nope no talking about mean reversion and i dont like long "trends" ill usually take into the 3rd wave if im on for a longer trade usually i trade one bar in certain time frame.one period
what i ment was drop a 20 ema on a chart and just look at it of a couple like 20 bars and think why is the 20 challanged so much but rarely breaks if i use differnt types of system what would i be thinking its all mental an auction process is driven by fear and greed... so think of it that way... and use that to read price lookup "phantom of the pit" google it.
and i get yelled at for saying it.
this is good
why? you know the zone you dont know whether it breaks or holds do you trade on either side? how do you trade it.. you let it react have two prepared zones for buy sell let the herd decide for you. let price come to you dont go to priceQuote from nukethewhales31:
and i get yelled at for saying it.
this is good
My point is simply that we can't answer his questions unless we know what kind of setups he's looking for.
The light blue circle marked "here" is where I would have taken it, when price made LL's from the last red candle, then stops would be at the highs of the same bar.
. nother example