Down down down...and a final pressing
What i observe now, is not a major trend change. I rather expect a
temporarily pullback to the black CL . It is in it self, just a natural
movement of a pendulum swing. Why? See the (blue dotted) sine wave?
It fullfilled its meaning. And from here a new move is born.
has done it's job
support at the sliding, below the CL (centerline of the fork)
the pressing dissolved in a classical momentum break
price shoot through the CL , up to the first natural resistance (red-dashed)
Now i waiting patiently for a PB , back to the CL and into the mini-coil
where last support was found bevor the break.
the expected move will be "just" a natural PB up to the (black) CL . And this
CL represent a trend barrier, from where price has a high potential to turn
...to find high probability trades.
Chat on TV: "ForkTrading Method"
Yes, we talket at MG about it, but not that much.
It was more for the advanced people, because ther's more behind it.
But it's OK if you understand the concept of "center" and extremes.
Because the middle part of the sine wave is also a... center - everything has it's center!
With this information alone, you can research and study one year and more...going deeper
and deeper into the "Rabitt Hole" ;-)
I researched very much by myself, because i'm addicted to find out solutions for problems.
And the markets, somehow, representing a infinit "problem" to me. Ther's allways more to
learn and to optimizie. Even it's the gnosis, that one just need ONE strategy with a positive
expectation, to make money over and over again...Bread & Butter Trading would be sufficient...
But we are humans....we allways want more - dont we? ;-)
Wish you a sunny day TIK!
I have a nice philosophical question that will get you thinking.....Do you think people influence the price movement in markets? OR Do you think the price movement in markets influence people?
I dont think that the "herd", the retail traders (are able to) influence the markets.
It's the big money, the "whales", who have the ressources (and by ressources I not only mean money...) to influence the markets, to achieve they're goals.
The sheeps are "directed" and influenced by the shepherd...or wolf ;-)
Means: (Initial) price movement, (initiated through the big money to trigger the herd), influences people.
How do you think about this TIK?
I have been wrestling with this concept for a while now as I have been (Casually) looking in another rabbit hole called Financial Astronomy and how certain planetary cycles are obviously linked with price movements in the markets, thus this groups viewpoint differs to mainstream and ties in to my original question and theoretical answer : ie. That planetary cycles are the keys to market movements from which the whales take their positions in opposition to the Herd:)......Just putting it out there.
I tell my students over and over again: Learn, research and do whatever works for you. Never ask for a second opinion...research it, proof it with stats and do it!
Hasta la pasta §8-)