Ok so working down we are at the 15min our main entry timeframe.
So plz look at the previous post To follow along
So on the 15 we see heavy market traffic. As the trained trader would see
What do we see
First we see a market m with high volume.
This means orders are being placed. And shaking out retailers.
Now note what price is doing.
Price is consolation at the top of resistance n if u follow me u know consolation at resistance is bullish and at support is bearish FYI
But more importantly wee see a drop low with a bullish response back at the resistance..
What do this mean.?
Let’s talk on it
It don’t mean rejection o the low FYI
It’s them testing buyer knocking them out .
If you wanted to buy you’ll but u sl below the range thus they send the price low to hit those sl as they want to be the first ones with buy orders.
So they take out the traders who moved in too soon..
What to expect and what is ideal
Ideally we want to see a fake break lower yet not deeply
We want to buy this on the first sign of failure , wick rejection or ema etc we buy here for the aggressive traders.
Or we buy after retest of the 15 min bo and we defend these positions.. as we can place a small entry at the break low and another at the break high
Why.? Cuz we want to define what a trend trader truly is. And that’s to catch a market shift ..from the higher time frame on down enter an watch that entry become value support on the higher time frame
HOW TO TRDE LIKE THEM-
So plz look at the previous post To follow along
So on the 15 we see heavy market traffic. As the trained trader would see
What do we see
First we see a market m with high volume.
This means orders are being placed. And shaking out retailers.
Now note what price is doing.
Price is consolation at the top of resistance n if u follow me u know consolation at resistance is bullish and at support is bearish FYI
But more importantly wee see a drop low with a bullish response back at the resistance..
What do this mean.?
Let’s talk on it
It don’t mean rejection o the low FYI
It’s them testing buyer knocking them out .
If you wanted to buy you’ll but u sl below the range thus they send the price low to hit those sl as they want to be the first ones with buy orders.
So they take out the traders who moved in too soon..
What to expect and what is ideal
Ideally we want to see a fake break lower yet not deeply
We want to buy this on the first sign of failure , wick rejection or ema etc we buy here for the aggressive traders.
Or we buy after retest of the 15 min bo and we defend these positions.. as we can place a small entry at the break low and another at the break high
Why.? Cuz we want to define what a trend trader truly is. And that’s to catch a market shift ..from the higher time frame on down enter an watch that entry become value support on the higher time frame
HOW TO TRDE LIKE THEM-