So YOU WANT TO TRADE LIKE THEM?
Trading like them requires you to scan the charts like them. I will teach you this skill. The TRUTH behind the s/r lines WITH CONVICTION With the Why!!. I will show you-
What are support and resistance line? What do they mean, what to they show, and how do we draw them the CORRECT WAY!..
Let’s go!
They are not price high or lows of candle clusters, daily high or low
They are not areas where price test or fails or “etc price hit this line x times so it’s resistant or support.
This above is the trash textbooks and ppl will teach you so you can trade like a retailer and LOSS. YES. Falsely taught knowingly and unknowingly to lead astray.
THE TRUTH
They are formed for market correction
They are area where price is met for consolation within a candle
They are area of distance where price is rejected ,brought or sold
,discounted or charged increased in price..
They are wicks! They are your reversal structures! They show market correction for continuous or reversal trend direction ONLY!!
THE PROOF/ THE TRUTH
WITH market correction is market consolation. As I mention in other post NO market direction is done without market consolation. This is done Marco and micro even within every candle. There are opposing forces at battle for control and where they met where they collide and where there isn’t a victor is what forms the s/r line. This is your wicks not your tails your wicks. There has to be wick on both side of the pole.
When there is a sale or buy in price. Ex a car cost 20k but it went on sal for 12k and everyone brought the discounted car. Then the sale ended and no1 else brought the car. This is sale is the distance you see in the drop in price that stop.
Finally your chart patterns .. your w/m/triangle/hs/rectangle them all nothing about how we are taught to trade them are true. They are all counter reversal patterns.This is why real pro traders don’t trade breakouts.
What are they and what these patterns doing. They make dum money zone for you to place your stop loss. That m/w/hs resistance double top zone becomes a stop loss zone which becomes dumb money zone and out your pocket into their pocket zone FACT,!
Now apply these concepts you can easily see how I scanned this chart and mark r/s lines and why.
Note within a range market when price drops or rise through vwap but just as fast return to structure this is a stop hunt this is where price consulted, where price direction collided this is a wick being formed on a higher time frame . Your m/w are wicks on higher timeframes these are the traps thus these are the areas of interest to YOU!!
YOU WANT TO TRADE LIKE THEM.?
Trading like them requires you to scan the charts like them. I will teach you this skill. The TRUTH behind the s/r lines WITH CONVICTION With the Why!!. I will show you-
What are support and resistance line? What do they mean, what to they show, and how do we draw them the CORRECT WAY!..
Let’s go!
They are not price high or lows of candle clusters, daily high or low
They are not areas where price test or fails or “etc price hit this line x times so it’s resistant or support.
This above is the trash textbooks and ppl will teach you so you can trade like a retailer and LOSS. YES. Falsely taught knowingly and unknowingly to lead astray.
THE TRUTH
They are formed for market correction
They are area where price is met for consolation within a candle
They are area of distance where price is rejected ,brought or sold
,discounted or charged increased in price..
They are wicks! They are your reversal structures! They show market correction for continuous or reversal trend direction ONLY!!
THE PROOF/ THE TRUTH
WITH market correction is market consolation. As I mention in other post NO market direction is done without market consolation. This is done Marco and micro even within every candle. There are opposing forces at battle for control and where they met where they collide and where there isn’t a victor is what forms the s/r line. This is your wicks not your tails your wicks. There has to be wick on both side of the pole.
When there is a sale or buy in price. Ex a car cost 20k but it went on sal for 12k and everyone brought the discounted car. Then the sale ended and no1 else brought the car. This is sale is the distance you see in the drop in price that stop.
Finally your chart patterns .. your w/m/triangle/hs/rectangle them all nothing about how we are taught to trade them are true. They are all counter reversal patterns.This is why real pro traders don’t trade breakouts.
What are they and what these patterns doing. They make dum money zone for you to place your stop loss. That m/w/hs resistance double top zone becomes a stop loss zone which becomes dumb money zone and out your pocket into their pocket zone FACT,!
Now apply these concepts you can easily see how I scanned this chart and mark r/s lines and why.
Note within a range market when price drops or rise through vwap but just as fast return to structure this is a stop hunt this is where price consulted, where price direction collided this is a wick being formed on a higher time frame . Your m/w are wicks on higher timeframes these are the traps thus these are the areas of interest to YOU!!
YOU WANT TO TRADE LIKE THEM.?