Quote from IronFist:
Every tick of the ES is a 00, 25, 50, or 75
of course look higher up tho
8250
8500
8750
8000
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IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION
- Thread starter IronFist
- Start date
of course look higher up tho
8250
8500
8750
8000
Quote from IronFist:
Why did you draw that line at that angle? How do you know the price is done going down and it's even ok to have the line there in the first place?
ill let the picture speak for the angle and line
probabilities scream reversal i didnt KNOW psychically it was gonna reverse i just played the odds
all vehicles have their own characteristics...
they ALL act differently
so you have to adjust for them all no one size fits all
trade what you know and you trade the hell out of it ... trade it well
Attachments
This is where your PA skill shine, watch the second top. What is the percentage of a candle body above the line? Is the close stay below the line? Are there more wicks than bodies above the line? etc. If it looks like a d/top then it's a d/top.Quote from IronFist:
Does it still count as a double top if it's a few ticks higher/lower? Like a "Trader Vic 2B top" or whatever it's called?
its ALL logic
luckily im a finance/philosophy major who loved stats...
trading well is the easiest thing in the world getting there is the hardest part
luckily im a finance/philosophy major who loved stats...
trading well is the easiest thing in the world getting there is the hardest part
Quote from nkhoi:
This is where your PA skill shine, watch the second top. What is the percentage of a candle body above the line? Is the close stay below the line? Are there more wicks than bodies above the line? etc. If it looks like a d/top then it's a d/top.
pay attention to this
that'll be 199.99 you can send me a money order to po box...........