Using Replay Tool to Explain Opening Margin Long
Hi Everyone! I used the REPLAY TOOL to try to make it as if we were trading this LIVE (in real time) in an effort to try to get you to understand. Hope this may help you understand a bit better.
Thanks again for your time, patience and support!
Happy Trading and Stay Awesome!
David
Thanks again for your time, patience and support!
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
I'm getting some sleep... Big day later!
Stay Awesome!
David
I'm getting some sleep... Big day later!
Stay Awesome!
David
Comment:
UPDATE:
Message to those looking at older material of mine in my public profile...
Let me say this...
The further you go back, the less beneficial it will be to you...
I had not created Bad Ass B-Bands (The idea for it...) not even a year ago yet.
Bad Ass B-Bands OPENED my eyes to even more things and how the Phoenix Ascending indicator could be used with it.
I decided to search for ANOTHER indicator to go on top of the price bars. Why?
Because I wanted to see if I could create a way to see VISUALLY inside another indicator on the price bars in a similar way we see how the price action could move because of occurrences within Phoenix Ascending. I wanted to see if we could determine where the price bars could be at any given time inside this indicator BASED ON what we see inside the Phoenix Ascending Indicator.
My first choice was John Bollinger’s “Bollinger Bands.” Also, it just so happened I was invited to the “Streamers Beta Channel.” Another great guy to follow is tradingview.com/u/DadShark/ @DadShark He was the one who gave me the idea to give Bollinger Bands a try first. I already knew I wanted to plot MULTIPLE Bands. It was a matter of determining what “Standard Deviation” I was going to setup for each Bollinger Band (Which creates the amount of spacing between the Bollinger Bands). I chose to try Fibonacci math for the Standard Deviation in the settings for each Bollinger band (1.0, 1.618, 2.618 and 3.618). I also use Fibonacci math on my Pitchforks for Diagonal Fibonacci Extension and Retrace Levels.
After a few months I determined it would be best to keep it simple by determining WHICH B-Bands could act as support or resistance at any given time. There was not enough consistency to say the price action will be on this particular B-Band if the Red RSI is this Level; the Blue LSMA is this level; the White Energy is this level and the Green Line is this Level. I found it was best to stick to WHICH B-Bands will act as “support” and/or “resistance” based on what we are seeing inside Phoenix Ascending indicator.
This is a “mission” I’ve been working on for several years. My goal is to make LEARNING what I’ve learned thus far EASIER to ‘learn” in a much shorter period of time. I’m STILL learning… ALWAYS LEARNING… There’s ALWAYS room for growth…. ALWAYS…. It also helps to have an “open mind.”
WELCOME to the “League of Open Minds.”
; )
Message to those looking at older material of mine in my public profile...
Let me say this...
The further you go back, the less beneficial it will be to you...
I had not created Bad Ass B-Bands (The idea for it...) not even a year ago yet.
Bad Ass B-Bands OPENED my eyes to even more things and how the Phoenix Ascending indicator could be used with it.
I decided to search for ANOTHER indicator to go on top of the price bars. Why?
Because I wanted to see if I could create a way to see VISUALLY inside another indicator on the price bars in a similar way we see how the price action could move because of occurrences within Phoenix Ascending. I wanted to see if we could determine where the price bars could be at any given time inside this indicator BASED ON what we see inside the Phoenix Ascending Indicator.
My first choice was John Bollinger’s “Bollinger Bands.” Also, it just so happened I was invited to the “Streamers Beta Channel.” Another great guy to follow is tradingview.com/u/DadShark/ @DadShark He was the one who gave me the idea to give Bollinger Bands a try first. I already knew I wanted to plot MULTIPLE Bands. It was a matter of determining what “Standard Deviation” I was going to setup for each Bollinger Band (Which creates the amount of spacing between the Bollinger Bands). I chose to try Fibonacci math for the Standard Deviation in the settings for each Bollinger band (1.0, 1.618, 2.618 and 3.618). I also use Fibonacci math on my Pitchforks for Diagonal Fibonacci Extension and Retrace Levels.
After a few months I determined it would be best to keep it simple by determining WHICH B-Bands could act as support or resistance at any given time. There was not enough consistency to say the price action will be on this particular B-Band if the Red RSI is this Level; the Blue LSMA is this level; the White Energy is this level and the Green Line is this Level. I found it was best to stick to WHICH B-Bands will act as “support” and/or “resistance” based on what we are seeing inside Phoenix Ascending indicator.
This is a “mission” I’ve been working on for several years. My goal is to make LEARNING what I’ve learned thus far EASIER to ‘learn” in a much shorter period of time. I’m STILL learning… ALWAYS LEARNING… There’s ALWAYS room for growth…. ALWAYS…. It also helps to have an “open mind.”
WELCOME to the “League of Open Minds.”
; )
I'm about to get back to work... BUSY day later on today...
Please do not ask me what the price action is going to do in comments or private message. I'm not providing up to the hour updates for when to buy, sell, open or close a position. I do not have the time to do that with all I have been doing the past several months with my office remodel and platform build.
Thank you for understanding, your patience, your time and support!
I want people to learn how to FISH themselves instead of relying on someone else to FISH FOR THEM.
If someone said, "Hey man, you ought to buy this stock, this crypto, etc..." I want you to be able to look at the indicators for yourself and determine if you actually should buy that stock, crypto, etc... on your own without depending on someone else.
Stay Awesome!
David