Mayday! Mayday! We need more fuel!!!
Quote from Pension_Admin:
To the moon!!!
Quote from Pension_Admin:
To the moon!!!
Quote from yoohoo:
Catching Top & Bottom Today...
Here's a simple no-brainer eg of how to catch todays top and bottom.
Willl, I've put double lines on the top showing how I use the prior wicks.
A Simple pointy thingy: I don't think Triangles, wedges etc - just pointy thingy's - very simple.
Fluid move to the "Wick-Zone" and a bog standard 18 period CCI is already turned so I'm expecting a reversla candle and not a breakout.
Doji (first traders), Red Candle (next traders), Morning Star (next traders), Minute bar (next traders), 2 min bar (next traders) and so on.
Two falling knife reversals and a good guess that the 1st was not real and 60 pips and very little time it time to pary on up again until CCI is high, fluid reversal and short again.
Yesterday this would have looked like a drunk was painting the candles and CCI so different approaches are needed.
First learn PA on 1 timeframe. Then 4 and then more. THen add an indicator and laern it like you learn PA. It actually doesn't matter which indicator as they all work.. but just like PA, TL's etc. it how you learn to use each tool.
This is a very simple lesson, but alongside this chart I was looking at the TL on the 4 hr (posted earlier) and a pile of other screamer events.
Quote from CFerret:
Morning Willie,
Hope problem solved yesterday...
Here is a holiday today... Parade etc... And no traffic on the streets, so will visit dad faster now... Be back soon.