Note the broken level signals that price is currently in a downtrend. We will look for a slowing in momentum then a clear sign of a reverse in momentum.
Momentum is the same as volatility. Volatility is violence, the fight of the bears and bulls. We are always looking at places where we can buy and sell from places of strength and weakness. The great harbingers of strength and weakness are pinbars. When you see a candle that shows an increase or decrease in momentum, it'll come from a place where price action has shown the dominant direction of momentum in a visual representation. Candles tell you the story and the tape gives you the timing.
All the best in your trades
For More: drive.google.com/open?id=1zkulMZ...
Momentum is the same as volatility. Volatility is violence, the fight of the bears and bulls. We are always looking at places where we can buy and sell from places of strength and weakness. The great harbingers of strength and weakness are pinbars. When you see a candle that shows an increase or decrease in momentum, it'll come from a place where price action has shown the dominant direction of momentum in a visual representation. Candles tell you the story and the tape gives you the timing.
All the best in your trades
For More: drive.google.com/open?id=1zkulMZ...
Trade active
Comment:
the momentum is what causes the movement and volatility. When we read price action, that's what we have to work with. Reaching for great heights and protecting our downside at every cost. Trading is all about asset protection so make sure you're aggressive and defensive at the same time!
Trade closed: target reached:
Pretty good trade. You can decide to keep your positions open at this point. :)
Pretty good trade. You can decide to keep your positions open at this point. :)
Comment:
In the trade, what we looked for and and what we found are the same things we looked for at the beginning of this trade, namely a weakness in momentum at the highlighted area. This means you have to anticipate what could happen at a certain zone and react to it accordingly. You're best trades will come from you heartlessly sticking to your plan and anticipating a win or a loss. The good thing about that is you already have a predetermined strategy that results in a win or a loss. In other words, you win either way. If you're stopped out, it means you were right about being wrong and when you hit your target you were right about being right - either way though, you're right!
The mystery that you have to solve is the paradox of trading. everything is happening to everyone a the exact same time and we have to act on contradictory information. This is the joy of trading I guess. Some will win and others will lose but as long as you remain consistent with your strategy, there's no telling what you can accomplish over time!
For more drive.google.com/open?id=1zkulMZ...
The mystery that you have to solve is the paradox of trading. everything is happening to everyone a the exact same time and we have to act on contradictory information. This is the joy of trading I guess. Some will win and others will lose but as long as you remain consistent with your strategy, there's no telling what you can accomplish over time!
For more drive.google.com/open?id=1zkulMZ...