IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

Quote from IronFist:
I don't see how those could have been drawn in real time.
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That's why you need to look at volume...

but then, it won't be PA anymore.

;-)
 
Quote from Tums:

That's why you need to look at volume...

but then, it won't be PA anymore.

;-)
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no volume in FX spot and yet i can still draw consistent lines.

non even needed

VOLUME IS BS

tell me that volume actually shows anything because i have MOUNTAINS of statistical surveys that i ran that all point to it being BULL SHIT

i Also have Mountain of statistical surveys that scream the importance of pysch zones so dont confuse Jack hershey Faux TA with real pa

who i finally looked up about 2hr's and man is his stuff garbage

i actually skipped comedy hour on tv and reread it... because it was funnier
 
Quote from nukethewhales31:

look at your reversal areas they are all in pysch zones 25 00 50 75
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Please define "psych zone" for me.


add a pivot a fib line and a psych res zone with "exhaustion" and you get reversal
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wat
 
Quote from Tums:

That's why you need to look at volume...

but then, it won't be PA anymore.

;-)
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Please help me understand how to use volume in my trading. I've never seen any useful patterns of correlations.
 
Quote from IronFist:

Please define "psych zone" for me.
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read that link

psych zone is a zone where people get FREAKed out because they feel its a big deal to push through..

psych zones ... 00 25 50 and 75

add a pivot line on the psych zone ...

a fib line on a psych zone

and voila you have a instant HIGH prob reversal zone
you made money
 
Quote from nukethewhales31:

read that link

psych zone is a zone where people get FREAKed out because they feel its a big deal to push through..

psych zones ... 00 25 50 and 75
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Every tick of the ES is a 00, 25, 50, or 75 :p
 
Quote from IronFist:

The charts I posted are ES and YM, not forex.

Does psychological affinity for certain price levels (other than big obvious ones like "1000") apply outside of Forex?
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of course what happened when the dow hit 11k then 10k then 9k then 8k...? look at it
 
Quote from IronFist:
Here's a perfect example of what I'm talking about. This one is opposite in that it's HH and then LL, but same idea as before, just upside down.
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you are looking at different fractals at work.

try changing the resolution one up and one down, you will see how the small waves merge to build bigger waves.
 
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