Cordali

Cordali

I use this set up everyday, I don't know what else to say.

Cordali

Hello hello hello, yes I am only everyday and so far this is no change to my chart. Okay so on to pressing matters, Price has dumped below the uptrend seller limit I had set and there is a potential chance that it will make it's way to the next supply zone. However, I find that to be highly unlikely due to price not having touched the lowest trend line in ages....

Cordali

Yesterdays AB=CD set up was impeccable and took approximately a week and some change to finally take off appropriately. I hope you guys saw the entry as well on the 45 time frame post I had posted. Although it was a small 5% growth from the initial floor setup and 2.3% or so from the continuation confirmation, something is better than nothing because patience...

Cordali

I am not one to say do this, do that but for this moment, there is a huge push on the 4 hour all the way down to the 45 minute where it shows a SMALL seller presence right after the buyer push. I entered in long ago but for the safe entry would be the continuation candle with a confirmed green candle or a retest of the roof which then becomes the support line....

Cordali

SO, in regards to the 4 hour post and to further confirm the slight standstill, the 1 hour chart shows long wicks against the roof. In all honesty, beating that while being fresh out of the RSI seems rather difficult if there is no huge momentum going on. I suggest playing it safe on the option side of things and entering in accordingly such as finding verified...

Cordali

There isn't much to say for this post if you had been following the previous ones. On the positive side, the trend on the RSI graph has broken free from the downtrend and is currently hitting a roof on the Heikin Ashi graph and Candle Stick graph which is a good thing I may add due to the Day time frame being on the uptrend as well. On the negative side, there may...

Cordali

As it appears, the trend is continuing as planned with minor adjustments to keep the wicks under the green. In my opinion, the wicks are the true zones you should look out for considering they are in the overbought/sold zones. I say this because one does not want to enter in the average range, you would want to maximize your return percentage so in short, wait...

Cordali

So in short, price has hit a barrier on the RSI portion of the trend. Originally, as seen on the bottom of the chart, price has been steadily dropping due to a long downtrend. I am not sure how heavy the drop will be but I will say that the RSI is correct due to price leaving the Bollinger bands too. For those who do not know, the Bollinger bands are essentially...

Cordali

To further confirm thswite slowdown on the sellers end, switching over to Heikin Ashi shows a massive lack of volume on the sellers side. In my experience, whenever there is a slow down from something of this scale and a buyer candle begins to form, the possibility of it retracing back upwards in high. Of course, we have the candles as reference to that but...

Cordali

I just wanted to say in reference to the posts I had made earlier today (or yesterday for some). the power of the trend line is real if it is positioned in the right spot. It has stopped the retracement step and forced price to stay at a level above it. I will say this though, the level above has a small volume going on presently but everything below it is...

Cordali

The rejection off of the green trend line is a tad bit humorous for me to say the least. The immediate rejection off of that specific level would have been glorious for any quick acting forex/option trader who has been looking at my posts. I do not have much to say due to the massive drop currently but again, it is fairly funny.

Cordali

On the shorter time frame. Do not go based off the trend lines alone, please just wait and see what happens when the candle closes. I have stated this in the previous post but I know people get angsty and just buy when price approaches the lines of "truth and justice" lol. Please again, have patience and just wait for a good confirmation.

Cordali

In reference to yesterday (or a few hours ago if someone here is from a different time zone), if you reference the day chart and set up your chart similarly as I, there's a strong rejection on the average trend line which I depict as orange because it just so happens to be that price touches that area consistently before rejecting. A better term than rejecting...

Cordali

same as V1, I will update the description soon. Please stay posted, it shouldn't take to long.

Cordali

Just a simple assessment with the help of the rsi, trend/support line. It is pretty solid. Updates coming later, I'm busy at the moment.

Cordali

Just an update and re-edit of the chart. Applied a new caution orange support line to confirm where price is struggling at

Cordali

Same description as the previous post. I had not checked where price flew off to during this candle on the 1 hour scale but it still shows price being trapped for a bit. Those spontaneous huge moves aren't a good sign for the box trap I tell ya. Price action would be useful in taking the following trades if you so dare lol.

Cordali

Simple charting analysis on what the zones are. I trade based on candle formations when they approach my areas of interest. If you see something that could prove useful, enjoy. My rule of thumb is for me, I pay attention to the lower time frames (1,3,15) to enter my trades and set up with at the day for trend lines, 4 hour for the root s/r, 1 hour for the...