USDCHF ST - Potential Turn @ CenterlineThis shoot up is usally not sustainable for a continuation.
Price haltet right at the centerline, and where the zone of the last breakdown is looming.
A jump above the centerline would indicate a continuation in the direction.
I prefere to with the trend, even the flow right now is up i think the stream will correct it.
P!
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C-FORK
DAX - Arrived @ A/R... to turn south?Unfortunately there is no trade for me, even this is a superb place for the market to turn.
...there is no structure to hide my stop ;-)
Facts:
- Trend is down
- Bubble Up (usually not sustainable)
- A/R resistance
Let's observe and maybe the market creates a stop-structure for us...
P!
mytradingcoach.teachable.com
IUX Russel - Rejection from the TrendBarrierWhat is important on this chart is not the trade!
It is how you can see support and resistance at the lines.
If you know how to use these tools your chance of profit increase dramatically, because all these lines do is follow the law of Action/Reaction - Newtons law.
It's not a holy grale or such. But when something is happening over 80% of time, then we should pay attention to it and think about how we can use this for our trading. And yes, price is going to the centerline (CL.) over 80% of time.
This is only one rule of many, of the A/R freamweork.
I like to trade small, very small, but trade many occurences to increase my chance of making a profit at the end.
That is why i like to sell options very much! Selling options have a built in success of expiring out of the money over 70%!
Now combine this with this fantastic Action/Reaction framework and you have a hell of a great system to make money from the markets.
I have put togheter a very basic Action/Reaction and Fork course where you can attend for free.
Use this for your advantage and take you seat and start to dive in the world of Newtons law of Action/Reaction on this website: mytradingcoach.teachable.com
P!
NASDAQ - "PARTY IS OVER"...is it?Holy Moly...
I use Newtons law of Action/Reaction many years now.
And again - i'm floored once more, how one can do a little "magic" with this knowledge.
Time will tell if we go down from here, but hey - If I see the previous FACTS in front of me, I really don't bet anything for another move up!
Thanks to all my followers for your support!
P!
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USDCAD ST - Trailing down to L-MLH?
Overall DT.
resistance on the SZ and at the U-MLH
very low closing bar (PinBar), rejected at the SZ
This is a potential short which i try to trail down as far as possible, without the exit at the CL.
To me, the past down swings look like a load of a big battery.
...just my view, and probably dead wrong ;-)
But i play chances, like Casinos do.
P!
AUDUSD - Not listen to us...Price did not act as expected.
But we stil need to learn from this and
use this information for the future.
At least we see, that A/R works very nice...
...the centerline & WL2 confluence is a real pretty one!
Actually price is kinda ranging - so we probably leave
this one allone for a while, at least in this timeframe.
...observe and learn...
P!
mytradingcoach.teachable.com
EURUSD - Holding, Coling, Exploding?On the dayli we see price coiling.
This brings the potential for a nice SQ to the upside.
My Goal is still the upper A/R, or if it struggles at the centerline, i take my profit there, or partial at least.
P!
Take Action and create positive Reaction : mytradingcoach.teachable.com
IWM - Centerline Break & Test/RetestThis is like textbook behaviour.
1. break of the centerline (upsloping)
2. test/retest at the centerline
3. down to the next A/R Line, the downsloping centerline.
Want the texbook?
Get it here for free, packed in a very basic A/R & Fork course: mytradingcoach.teachable.com
USDCAD - Another Picure On The 240Her's a complete ohter picture on the 240.
Break to the downside is absolutely possible.
IMO, here is a trend change going on.
The red FLUSH looks like a final shakeout.
More information on the chart...and try this out - i'm sure you will like it (it's free): mytradingcoach.teachable.com