1.10.20 I am making distinctions between lines or patterns and price action. I believe that they can work harmoniously, but that it is very important to recognize when one clearly dominates over the other. My premise is that if you can make distinctions and add clarity and order to you thinking, you can learn to adjust your strategy with more ease. ALSO: when...
This is a fast market...can be very stressful and confusing. When a market changes like this...it is a different market and requires adjustments on your part if you want to trade it. I set up the lines as I see it.. .and I looked at it as a buyer. You may choose to trade it as a seller.
Two Topics: Spikes; Fast Trade with volatile markets. Gold Silver
1.8.20 Using washes to add to your profits. also: apology to TransparentFX
1.7.20 This is a mini session on market dynamics and the price action o f silver. Should be helpful for some traders. It won't make a difference unless you take a few minutes to draw the lines at least one time on your own charts to get a feel for this.
Some of the way I use 382's ( and other things ); Some of the problems with shorting highs and how I handle it.
Looking for a reversal, but I would not short the market. Would look to buy on a correction.
Bitcoin OIL some strategy based on larger time frame.
Gold appears to be breaking higher, but there is a problem with Silver...and this may be a red flag for gold.
This is about switching trading modes ...and trying to recognize these conditions with as much awareness as you can bring to the market...as well as to your own process. Your trading is influenced by the market...and it is influenced by beliefs and assumptions you make about the market. I am trying to suggest a few thoughts about the market that I use...and...
Factoring in muddled price action and complicated support/resistance levels to assist with trade decisions. ( The discussion is to initiate thoughts about how to handle trade decisions factoring certain market conditions )
DXY Bitcoin managing discretionary trade decisions.
Probably moving lower to the last higher low (structure0.
Placing a stop, finding a target...going to bed. How I managed a trade that is not moving well.
Judging realistic entries and targets with higher time frames.
Comparing two other traders. Also "planting the seed" with an idea or two for traders looking to expand their technique. Bitcoin brief followup.