Quote from Placebo:
What matters is what something is, not what it is called.
Got it, they are all an attempt by traders to find the direction of price.
Well this has always had me scratching my head. How price comes back (at some point) to shake you out and the default is to lose money. Incredibly efficient.
Never quite been able to fathom how that mechanism works, but you have got me thinking when you said about time frames.
Is this what you mean by price structure?
By the way, I've spotted something I've never seen before in your charts, thanks.
That which you are describing is gamesmanship â and it occurs constantly
Humans are nothing if not predictable
Stops tend to cluster around the same areas (especially newbie stops â they have very limited capital⦠and they trade scared)
May be a worth while exercise to see if oneâs typical stop placement â would be a good initial entry
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My definition of price structure is
Take entire picture, then learn/ come to appreciate how the smaller price gyrations fit into it, and make it up
The holistic approach I mentioned before
Now as we are not made of unlimited capital (well at least Iâm not), simply slice it up into tradable chunks - and go forth
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By default the mkt is set up to create as much painâ¦, extract as much capitalâ¦, from as many â as is possible
Only until/ unless a trader can step back and objectively see that, they are resigned to remain a member of the many
RN