The Trading Metagame - Support & Resistance
- Thread starter londonkid
- Start date
Londonkid, Thank you for posting this. Do not listen to the detractors. If possible, post a few more examples.....
thanks again
thanks again
Does it make you feel good to be a dick to others that are just trying to be helpful?
I'm going long on you continuing to be an asshole, just not sure if I'll get a pullback entry.. Screw waiting.... At market.
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Im curious why the blue area is considered a likely zone for amateurs to short. The area has previous thin prints(timewise) and screwing some inconsequential one lots in a liquid asset cant be a top objective. If this were the euro, can the strategy of countering stupid work?
For discussion sake oly.
I see three problems with a short in the blue area that dont require hindsight.
1. Its chop. Not down trend.
2. It is a mis-read of the liquidity area. It is the edge of an area in market profile. Damn if it
Didnt turn in the middle of liquidity area.
3. The mini puke, swift , 4 bar sell of was relatively extreme. Bar 2 of the reaction was quite
bullish, certainly not a dead cat, bear flag preceding another leg down. Wait for this reaction
to playout and be checked in a liquid area by big money.
Not disagreeing with you as I see you as a trader,for real that is.
For discussion sake oly.
I see three problems with a short in the blue area that dont require hindsight.
1. Its chop. Not down trend.
2. It is a mis-read of the liquidity area. It is the edge of an area in market profile. Damn if it
Didnt turn in the middle of liquidity area.
3. The mini puke, swift , 4 bar sell of was relatively extreme. Bar 2 of the reaction was quite
bullish, certainly not a dead cat, bear flag preceding another leg down. Wait for this reaction
to playout and be checked in a liquid area by big money.
Not disagreeing with you as I see you as a trader,for real that is.
My apologies sys, I mistook your nic for somebody else that's always being a jerk. Upon looking back it wasn't you. Sorry about my response. Cheers.
Hello londonkid,
Thank you for the post. As a novice who has recently taken an interest in finance (I have not traded yet and am far from that point) I have a lot to digest before I can fully understand everything you posted here.
On a semi-unrelated but potentially similiar takeaway of your posts, would you mind explaining why liquidity is a prerequisite for technical analysis? When you mention that markets move towards liquidity what do you exactly mean by this?
Hopefully you do not mind the rather begginer questions. Cheers.
Thank you for the post. As a novice who has recently taken an interest in finance (I have not traded yet and am far from that point) I have a lot to digest before I can fully understand everything you posted here.
On a semi-unrelated but potentially similiar takeaway of your posts, would you mind explaining why liquidity is a prerequisite for technical analysis? When you mention that markets move towards liquidity what do you exactly mean by this?
Hopefully you do not mind the rather begginer questions. Cheers.