I can't see the connection with volume...
It seems that a close below (+ followthrough) to the downside is important.
Is your reference line for both bulls and bears?
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
It seems that a close below (+ followthrough) to the downside is important.
Is your reference line for both bulls and bears?
I can't see the connection with volume...
It seems that a close below (+ followthrough) to the downside is important.
Is your reference line for both bulls and bears?
what sticks out when you look at the volume..a close below or a close above can be important..but it depends where that close actually is in relation to how you are using the chart to make trading decisions !
take a step back..when you trade..what do you use to determine when you will enter a trade..and when you will exit a trade..this is very basic stuff..if you are not entirely sure..or if it changes..then how can consistent results be achieved..as you are not being consistent !!
we don't care about bulls and bears..we only care about price !!!
here is something that might be of interest..post the chart of your last losing trade..and your last winning trade..no need to post anything to do with your account..as that is personal..just a plain old chart.. showing the timeframe you used..where exactly you entered..the time..where exactly you exited..again the time..whatever market you traded..if you have ES or MES great..but if not whatever you traded..ok?
Maybe someone else can step in also, because I might not have the right approach.
I try to calculate important levels and set limit orders with a very small stop.
PA can be deceiving, so I try to just leave the trade alone.
I paused live trading, because my levels are still all over the place!!
I appreciate your help, so I post two trades I would have taken.
Red line: entry; black line exit.
In the losing trade, I would have been stopped out. Maybe I would have entered twice.
Being unsure about the direction, I might have even gone short after the long failed...
The winner was spot on, I would have set a fixed target of 40 pips (and a SL of 5)
While this seems great, there are more examples of misses, chops and stop-outs than winners...
I try to calculate important levels and set limit orders with a very small stop.
PA can be deceiving, so I try to just leave the trade alone.
I paused live trading, because my levels are still all over the place!!
I appreciate your help, so I post two trades I would have taken.
Red line: entry; black line exit.
In the losing trade, I would have been stopped out. Maybe I would have entered twice.
Being unsure about the direction, I might have even gone short after the long failed...
The winner was spot on, I would have set a fixed target of 40 pips (and a SL of 5)
While this seems great, there are more examples of misses, chops and stop-outs than winners...
Last edited:
