RUT/IWM - Pullback to centerline and then......down again?
hmmm....
As we can see the lower centerline was allready reached.
If price can work it's way above the upsloping centerline, then we are going much high, potentially above the GAP.
But if price will be rejected at the centerline, then a new low or a second touch of the downsloping centerline is highly possible.
P!
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Y-FORK
USDWTI - At Support with solid uptrendWhat do i see in this chart?
- solid uptrend
- reacting big Centerline
- prior support at the red Centerline too
- support zone
- price at the L-MLH of the black fork
I go with the trend, so my trade would be long.
P!
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GC - GOLD - Take 1: It looks very promising to meHow is this possible?
How can one find those spots (red dot), to initiate a trade with a high probability of over 80%?
Yes - if you short the upper Medianline Parallel, then you have a chance of >80% that price reaches the Centerline (grey).
The "secret" lies in KNOWLEDGE.
If you know WHY you choose the spot where you draw your lines, then you know the reason behind it.
And then you know what to EXPECT from your TA with Action/Reaction.
Start today and enhance your analysis arsenal with Action/Reaction for free: mytradingcoach.teachable.com
P!
DAX - Ready To Drop?Be careful with this chart.
It's just a projection that lines up very nice with some
of the tools i use in my Analysis.
Alltough i don't use hte Fibs, i was just courious how it could
fit the highs & lows and well, i'm surpriesed so far.
Pay close attention to the A/R Set and the projection (grey bars).
It looks very promising. But keep in mind that this is just a
projection, even if is one made with specific thougts - AR thinking.
P!
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Russel 2000 Index on steroids...but now a pause is expectedU-MLH got broken and price even made it above the big-boy Centerline.
On the mini-Fork, price reached the Centerline the second time and now
I expect a Pullback to the black and / or even down to the U-MLH.
Anyhow, the potential is present that price could sky rocket up to the
U-MLH or further to the TrendBarrier.
P!
Fork rules? Here they are: mytradingcoach.teachable.com
EURGBP 240 - H&S Play with A/R & Fork StyleSo, here is how I play a H&S, with the tools of Action/Reaction & Forks, to be in very early of a H&S trade.
This leads to much more profit and for many, to smaller stops too.
1. Down to the base then
2. down to the original target of the H&S
P!
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GBPUSD - Do it again Sam?The last move, we where able to catch from the upsloping centerline, down
to the red centerline. From what i see, i know it's very possible that price
shoots down again, just to trade up much more then from where
it came.
In this case, my target would be the U-MLH of the downsloper.
Let's see if price comes down and stick in the zone.
P!
Free Basic Fork Course: mytradingcoach.teachable.com
USDWTI - Rocking up to the EP/ConfluenceWhat can a trader count on?
As far as i know: FACTS and HIGH CHANCES from one statistics.
If we filter all the noise and mark out the facts, then we have what's really going on in a chart. So, what facts do we have in the USDWTI Chart?
1. a mesure of the big up- swing, copied to where i see, price has changed direction.
2. price left the orange down Fork at the U-MLH.
3. a overshoot of the previous biggest swing-range to the downside. And we know: where is a Action there is a Reaction.
4. support at the red upsloping A/R Set (...in fact, if you look close, you can see that this lower red A/R line is nothing more but a L-MLH ;-) )
5. price is very strong, left even the first WL (WL1)
6. the upsloping, thin red Fork - price made it above the CL = very strong!
7. CONFLUENCE: a) Overshoot Reaction, b) WL2, c) U-MLH of red uplsloping Fork.
All this is FACT....
...and it is valid, valid ONLY for the moment of the analysis.
OK - but what is it then good for, if we can't bet 100% on all the information and on the price target at the orange circle?
Well, it's good for a HIGH CHANCE to go up to the orange circle/confluence area.
And that what our job is all about, handle chance and risk.
P!
Here you can find a free Basic course of Action/Reaction and the Forks: mytradingcoach.teachable.com
ES E-Mini - Ups...it did it again...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 share my passion and my knowledge with you. Realize that
every Diva want's to be persuade. And so does the universal law of Action/Reaction.
Give it a try, and don't give up. And soon you can embrace a new world in Technical analysis.
Here's your start: mytradingcoach.teachable.com
Be happy, stay healthy, be kind.
P!
...i am prepeairing something BIG for you all, who are interested in A/R.
AAPL - Ready For Another Run Up.Now that price has close outside the U-MLH, we also have a additional little confirmation with the MACD, for thoes who give credit to the Oscilators.
The stop behind the structure and the lower extreme gives me no headache.
Here's your free Action/Reaction & Fork Mini-Course, enjoy:
mytradingcoach.teachable.com