Understanding price action

  • Thread starter Thread starter Erin
  • Start date Start date
Erin,
Can you advise if the zone being plot correctly, thanks
 

Attachments

  • GOLD-H1.png
    GOLD-H1.png
    12 KB · Views: 45
hmmm. Erin is back?

Do note that price action is not just about drawing lines and coloring here and there and hope that you will be profitable by end of day.


When you apply to real world,
there might be fake signals,
or market might just move just a tick or two, then reverse direction to hit your stop,
or market might move with Reward Risk ratio of < 2:1

That's why I was asking what is your RR ratio,
success rate, and about trading live

We want decent RR ratio, decent success rate so that we can
be profitable by end of day.
 
These levels on the bars form when we get a lower close or higher close then the nearest opposing bar -

Enjoying your thread thus far. It appears I have some of the detractors on ignore already, probably means they were doing the same thing in other threads making it hard to follow the discussions that matter.
 
It is hard to come back...very hard. Until we see more data this coming week it is collapsing on the 30 min tf
 

Attachments

  • spx elite.PNG
    spx elite.PNG
    113.6 KB · Views: 66
Erin,
Can you advise if the zone being plot correctly, thanks
I touched on over lapping bars but I did not think there was interest - I do not know the instrument, or time frame but I think the overlapping bars below price will come into play - it is in supply
 
hmmm. Erin is back?

Do note that price action is not just about drawing lines and coloring here and there and hope that you will be profitable by end of day.


When you apply to real world,
there might be fake signals,
or market might just move just a tick or two, then reverse direction to hit your stop,
or market might move with Reward Risk ratio of < 2:1

That's why I was asking what is your RR ratio,
success rate, and about trading live

We want decent RR ratio, decent success rate so that we can
be profitable by end of day.
hmmm. Erin is back?

Do note that price action is not just about drawing lines and coloring here and there and hope that you will be profitable by end of day.


When you apply to real world,
there might be fake signals,
or market might just move just a tick or two, then reverse direction to hit your stop,
or market might move with Reward Risk ratio of < 2:1

That's why I was asking what is your RR ratio,
success rate, and about trading live

We want decent RR ratio, decent success rate so that we can
be profitable by end of day.
 

Attachments

  • elite r 5.PNG
    elite r 5.PNG
    106.8 KB · Views: 67
Back
Top