This is how Action/Reaction roughly works: 1) take the center of a major swing 2) mesure back and 3) project it forward. Observe how price is acting/reaction at the R-Lines. This is the same principle like: "If you push to a wall, the wall is pushing back." On my new Blog-Post for registered FreeFTG members, I'm going into details about this technique that...
Here you see 4 different timeframes: Quarterly (Upper Right) - price reached a natural resistance level, where a break is expected Monthly (UL) - the quarterly natural resistance level, mirrored on the monthly has confluence with the Centerline. Price reached the Centerline a couple times now. If we can't crack the Centerline, then price will fall back, at least...
In this video I explain, why there's a good chance that the drag could be over. I talk about: - Forks ...of course ;-) - Action/Reaction - Weekly/Daily Charts - Drag & Pressure P!
So far, price was not able to close above the U-MLH. Instead it ran into the natural prior support, which acts now as resistance. With a second close into the Fork, after price went outside, we would have a very big chance that we see price much lower, somewhere at the Centerline. Bevor the Centerline, there's a natural support. It's a weekly level where price...
We see that price finds support at the Centerline. If it holds, then a new rise is on the way...says the Fork ;-) P!
Price not only broke above the downsloping U-MLH, but also above the Centerline of the Pullback-Fork. There seems to be a good support now, that brings confidents into this crypto pair and therefore price has a high probability to rise toward the U-MLH. In my Free ForkTrading BLUEPRINT you can start to learn this method if you like. Happy Christmas & P!
I see that Gold has risen above the U-MH's. But also stalled there, now trading back into the orange fork, and closed exactly above the blue U-MLH. If price is trading back into the blue fork, then we will see a nice drop. Otherwise it will rise like a balloon...until the guys with the needle ending the party once again. So, let's observe and act accordingly. P!
The dashed arrow comes from the prior post. As we can see, we cannot expect the market do immediately what we wish. But at least we have a clue, how good our assumption, tools & systems are. Now, we are at multiple resistance points, with ES below the centerline. Most of the time this is a no brainer, and my shorts are already in and working. Since I also...
This was the former post. Read it and learn how this did unfold. And now I will wait for a retetst of the centerline. In my brain there is the Weekly chart...it's L-MLH is breached! This means, that price will test/retest it on the weekly bevor falling off the cliff if it really does. If this is the case, then the gas station has to pay us... Here's the...
The real last high was on 2015/08/31 - with a very low close, basically a give-up. From 2016/01/08 price started to stair-step in big swings. The prior high, from where buyers gave up, was the exact point where they once again ran out of power, failing to break north and go higher. OPEC brought news in the last days - they would even lower prices much more to...
Not ripe yet, but observing this short down to the centerline (CL.). P! mytradingcoach.teachable.com
What 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...
Gap filled and now down we go... Let's see if the third pattern evolves the same way. P!
Look at this chart and see the symmetry... ...kinda mystic to me. So, what to do here? Observe! P! mytradingcoach.teachable.com
...here we go, similar setup as in the EURUSD. P!
The legacy of Newton, Babson and Andrews - Action/Reaction . >>> Price is going back to center over 80% of time. <<< And here we have it again, and again, and again.... Many Traders looking for the quick & easy money. Trading with Action/Reaction and the Forks can be easy too. But first one has to learn how to apply these tools to the markets. That's why i...
Looks like the Bus has left - well, let's see if he arrives at the station ;-) P! If you like A/R & Forks, her's your free course: mytradingcoach.teachable.com
P5 is reached...at least it looks like. The tiny lower close is very suspicious... At least price broke out of the "creative" downsloping Fork and reached the CL. From here price either zooms through the CL, or comes down to the L-MLH. Chance for the walk to the south are 80% - same as going to the CL! And why NOW?...well, as i said, price reached the CL. So it's...