emehoke

emehoke

Drawing in value areas and then seeing how price reacts to them in the future, possibly. The book I'm reading tells me to do this, so I do it.

emehoke

Idk what happened, but here is a quick breakdown. I wouldn’t trade this personally, but here she is.

emehoke

Rounding out Chapter 1 of the book "Price Action Breakdown..." I am asked to label moves as initiative and responsive based on how the author has described initiative and responsive. From his perspective initiative is when buyers/sellers decide that price is no longer agreeable and take the initiative to move it up or down, hence the name initiative. Responsive is...

emehoke

Wow. This is what it looks like when you go absolutely crazy. The weird thing about learning how all these indicators are supposed to help you break it down is that the main thing I'm doing at this point is trading consolidations, trendline breaks, and supply and demand levels. No indicators necessary besides maybe a moving average. The indicators and everything...

emehoke

Control Price is "A pivotal support or resistance area inside the value area. The best way to think of the control price, or pivotal area, inside of the value area is that it acts like gravity, attracting price above it and below it as long as price is within the vicinity of the value area. In this picture I attempted to draw in several control points and circle...

emehoke

I am doing something I read from a book.

emehoke Updated 

Nasdaq looks to be respecting upper trendline resistance. Look for excuses to get short. RSI giving me nothing.

emehoke

All of my money is otherwise allocated so maybe someone else can wait on a pullback with these lines. Or else maybe it goes to 60k and never looks back. I’d bet there will be some further correction. It’s current pace just seems ridiculous. Let’s hope it doesn’t lose all value when coins stop generating.

emehoke

Looks like it’s ready for a TLB to resume major uptrend any day now. Don’t forget American markets have been selling off recently. Might want to wait for Bulls to take control of the market before getting long.

emehoke

The lines wouldn't have been drawn in until after the move was made. I don't think you could have caught this one using the S/R and TL extension confluence strategy. At least I don't think I could have.

emehoke

I bought some EOS on a whim thinking I would hold it for maybe 10 years. Here is a breakdown of using fair value areas to make predictions. I would be bullish thinking it’s due for another kick up like we saw last month.

emehoke

In my last post I was simply marking points on a chart. In this post I'm kind of trying to trade it. Yes, I am holding a long position in this stock at the moment, so my bias is to the upside. With that I am taking not of the floor turned ceiling as the biggest point of inflection on the chart. I'd really like to see that get broken and some follow through from...

emehoke

I have some text on the chart that explains a little bit. The idea is I'm trying to do some active reading from the book called "Price Action Breakdown". The first chapter suggests you do this exercise. That is my only goal with this. If there is someone else in the learning stages, or refreshing stages, please feel free to comment how you would do it differently,...