The Australian index is breaking out of the recent range.
It coincides with the long momentum in China (as you may know, Australia has a lot of dependency with China).
I'll be looking for the pullback.
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6.8.21 Review of strategies for equities vs futures Part 2 looking at more difficult patterns on Bitcoin and DOCEUSD; Follow up on AU200AUD expanding triangle. ( i made misstatements.... if you know what support and resistance is...you will catch my "slips of the tongue.
Might not happen, but this fractal is just a much larger version of the start of the 2010 bull run. More dollar printing ahead. People jumping into equities as there's no incentive holding money in the bank. Just a theory, but interesting to see if it plays out.
5.10.21 AU200 Final chapter on COILS: I look at patterns, overall market dynamics (admittedly a vague term), structure, and certain tools that I think of as algorithms of the market...and then I have to make a trade decision: buyer? seller? sit on my hands? I am a discretionary trader using market information ( maybe most of us are to various degrees ). ...
Any form of support is greatly appreciated and helps motivate to publish more ideas for the community.
Important Price: 7040.6
We want to see price move away from this, confirming our move down to 7005.5 . After we see this move happen, purely from a price action perspective we're able to determine a further sell off or SHORT.
What do we...
How to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!