HOW TO TRADE LIKE THEM- DONT BUY THE PULLBACKS
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So from my last two post on this pair I’d gave 3 clues on how to tell the price direction on this pair with volume and price action. I’ll explain both on my next post. Thus if you didn’t catch the clue .
This post and I’ll try not to complicate It will explain the important of price action via identifying market structure this is the stuff they don’t want you to know. The stuff you can’t find literature on. And why it’s important to learn these patterns the markets moves nit in waves but in stop hunts and traps knowing these patterns is knowing the traps. I have a few post with patterns on you can look at then and learn then.
And with this wisdom is why we don’t trade pullbacks as pullbacks are traps! We trade the retest of the channel from the pullback .
Now
Traps are not made without a range micro n macro.
The range must be identified - here in the white box
Note price movement
It went down pullback. And what ppl do. They sold the pullback. Price went down and pullback into the other direction- trap 1. Buyer buy cus sellers failed when the market short term is bearish . This market Structure is bullish as of now HINT
So from my last two post on this pair I’d gave 3 clues on how to tell the price direction on this pair with volume and price action. For the short term move down. Now since the move was completed I’ll explain both signals I gave on my next post. Thus if you didn’t catch the clue .
This post and I’ll try not to complicate It will explain the important of price action via identifying market structure this is the stuff they don’t want you to know. The stuff you can’t find literature on. And why it’s important to learn these patterns the markets moves nit in waves but in stop hunts and traps knowing these patterns is knowing the traps. I have a few post with patterns on you can look at then and learn then.
Traps are not made without a range micro n macro.
The range must be identified
Hint The trend is bullish! We are in a sale off for buyers pullbacks
So
As I told a student we don’t buy or sell pull back cuz most of the fail they are traps. The market doesn’t move in waves it moves in traps
Price comes down ,pullbacks. And what do traders do? They see the pullback as a better price to sepals on and then price goes and pullback .
Now buyers This change in momentum only to get stopped. Then price goes into a range .
This is why we don’t trade pullbacks pullback makes these patterns and with patience you’ll see then
So we have a short bearish market that jump into a range? And why? As I said before ranges are balance . If price drops it’ll go back to where is broken out from.. there must be consolation before a market retrace back to it post consolation exit- gem.
Note we are bullish with bearish momentum into a range.
Thus we have several ways to trade this range .
1. We want to sale the 2 test of the high from a channel out the range as the momentum is bearish Off
2. If the bull rip through the range we wait for what’s on the right this is called a nested failure into a bearish pull back
3. We channel the breakout below the range and wait for the 2 retest of the channel cuz again most breakouts n pullback fails.
Now if the bulls reclaim there crown what do we want to see
1. A lower low w in the range (which we currently have) this stop hunt is very important most lower low w means a reversal ( meaning l2 is lower than l1)
2. We want to see a thrust in price
3. We mark up the high and low with a channel
4. We buy the first retest of the low of the channel.
Take home facts
1. Never buy or sale the first pullback or break out as the most likely fail.
2. Channel the pull or break and buy or sale off the high or low after the second test. This would be impulse wave #2.
HOW TO TRADE LIKE THEM-
This post and I’ll try not to complicate It will explain the important of price action via identifying market structure this is the stuff they don’t want you to know. The stuff you can’t find literature on. And why it’s important to learn these patterns the markets moves nit in waves but in stop hunts and traps knowing these patterns is knowing the traps. I have a few post with patterns on you can look at then and learn then.
And with this wisdom is why we don’t trade pullbacks as pullbacks are traps! We trade the retest of the channel from the pullback .
Now
Traps are not made without a range micro n macro.
The range must be identified - here in the white box
Note price movement
It went down pullback. And what ppl do. They sold the pullback. Price went down and pullback into the other direction- trap 1. Buyer buy cus sellers failed when the market short term is bearish . This market Structure is bullish as of now HINT
So from my last two post on this pair I’d gave 3 clues on how to tell the price direction on this pair with volume and price action. For the short term move down. Now since the move was completed I’ll explain both signals I gave on my next post. Thus if you didn’t catch the clue .
This post and I’ll try not to complicate It will explain the important of price action via identifying market structure this is the stuff they don’t want you to know. The stuff you can’t find literature on. And why it’s important to learn these patterns the markets moves nit in waves but in stop hunts and traps knowing these patterns is knowing the traps. I have a few post with patterns on you can look at then and learn then.
Traps are not made without a range micro n macro.
The range must be identified
Hint The trend is bullish! We are in a sale off for buyers pullbacks
So
As I told a student we don’t buy or sell pull back cuz most of the fail they are traps. The market doesn’t move in waves it moves in traps
Price comes down ,pullbacks. And what do traders do? They see the pullback as a better price to sepals on and then price goes and pullback .
Now buyers This change in momentum only to get stopped. Then price goes into a range .
This is why we don’t trade pullbacks pullback makes these patterns and with patience you’ll see then
So we have a short bearish market that jump into a range? And why? As I said before ranges are balance . If price drops it’ll go back to where is broken out from.. there must be consolation before a market retrace back to it post consolation exit- gem.
Note we are bullish with bearish momentum into a range.
Thus we have several ways to trade this range .
1. We want to sale the 2 test of the high from a channel out the range as the momentum is bearish Off
2. If the bull rip through the range we wait for what’s on the right this is called a nested failure into a bearish pull back
3. We channel the breakout below the range and wait for the 2 retest of the channel cuz again most breakouts n pullback fails.
Now if the bulls reclaim there crown what do we want to see
1. A lower low w in the range (which we currently have) this stop hunt is very important most lower low w means a reversal ( meaning l2 is lower than l1)
2. We want to see a thrust in price
3. We mark up the high and low with a channel
4. We buy the first retest of the low of the channel.
Take home facts
1. Never buy or sale the first pullback or break out as the most likely fail.
2. Channel the pull or break and buy or sale off the high or low after the second test. This would be impulse wave #2.
HOW TO TRADE LIKE THEM-
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