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Zoom in on BO's, BOF's and what goes into a move
U.S. Dollar / Japanese Yen
Zoom in on BO's, BOF's and what goes into a move
By structuredtrader
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Updated
Nov 14, 2018
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Nov 13, 2018
I'll edit this to add my text explanation later tonight...
Nov 14, 2018
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So, my comments ended up being too long. If you'd like the full breakdown, message me and I'd be happy to share.
Short version:
Trades should only happen where you think structure is really changing. Call it orderflow, market control, whatever.
Breakout traders get a lot of hate, but it's usually misplaced. Breakouts with the RIGHT kind of preceding action can be powerful setups.
The best setups drive action from two sides of the market. One side feels pain and exits while the other side jumps in big.
If only one side is acting - say, "more" bulls are jumping in late without bears exiting....it's not going to generate the same sort of move.
The only exception to that rule is News trading, which is a topic for another time.
Trade well!
Beyond Technical Analysis
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Chart Patterns
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