Read structure of the market first. Structure is the market language. Use patterns to initiate your trades only when you have an idea of what direction the market is more likely to go. Cheers)
Hell of a trade if you ask me!! Nicely done, wish I spotted it yesterday...
Very nice and to-the-point analysis, keep up the good work!
Akil_Stokes
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Brilliant!
Alexander_Nikitin
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Honestly, I expected it to be a looser because I had nine winners in a row before it. This only proves that the trade never depends on previous trades. How silly I was having such expectations in my mind!)) They could easily influence my perception and I would get what I expected.
Akil_Stokes
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Not sill realistic. We know that the losers will come eventually, especially after a nice streak of winning. Good lesson, on sticking with what you see and not what you think. NOT YET LOSERS NOT YET!
adan3ter
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beautiful, excellent chart analysis. Simple, gets the job done.
IvanLabrie
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Excellent.
One of the indicators I use colors these 'impulse' legs automatically.
Excellent level to short, 50% retracement of the big bar impulse leg, and also a nice retracement following a string of lower lows.
IvanLabrie
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(black is inside or outside bar)
Alexander_Nikitin
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Yes, indicator makes you be objective with identifying the ranges. Although I use only eyes to identify the ranges)
IvanLabrie
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Comes in handy for quickly spotting things. But yes, developing this 'vision' is key.
Very nice and to-the-point analysis, keep up the good work!