PowerX Strategy "PowerZ"

[IgazI]

Rome wasn't built in a day.

If you want to be a swing/position trader, you need to learn to sit your a++ in that chair and wait.

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[IgazI]

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[Yirbu]

This is my interpretation of your "dots" and pattern.
Entry on M5 but structure on M15

Feels like I am missing an element (Am I?) looking at your picture, but I am taking trades like this quite often (just don't post them).
First trade was nice but not going anywhere.
Second trade penetrated deeper into the 50% zone.
Nice short but I wanted to reverse and go long because price touched a weekly Z-Line (purple)...
I was too late but still happy with the shorts.

[IgazI]

This is my interpretation of your "dots" and pattern.
Entry on M5 but structure on M15

Feels like I am missing an element (Am I?) looking at your picture, but I am taking trades like this quite often (just don't post them).
First trade was nice but not going anywhere.
Second trade penetrated deeper into the 50% zone.
Nice short but I wanted to reverse and go long because price touched a weekly Z-Line (purple)...
I was too late but still happy with the shorts.

Outer space hath not a distance between stars by how far you are off =)

[Yirbu]

This is my interpretation of your "dots" and pattern.
Entry on M5 but structure on M15

Outer space hath not a distance between stars by how far you are off =)

Ah crap....I'll read your posts again.
My idea was that the first dot is at a structure, then a break out down... A new structure and a new breakout, now upwards... That makes the bigger pattern.

[IgazI]

I really don't want to turn this thread into 5000 posts going over the same thing.

1. what is this? a breakout.
2. what is behind a breakout? a pattern.
3. what is this? a breakout.
4. what is behind a breakout? a pattern.
5. what is this? a breakout.
6. what is behind a breakout? a pattern.
7. what is this? a breakout.
8. what is behind a breakout? a pattern.

The "main pattern" is somewhere in the middle. . .
where is the middle? 2, 4, 6, 8.

You now know that some tradable pattern exists in the shape of a square or a triangle.

This is very easy stuff, you just have to stop skipping steps

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[kiwiarian]

I really don't want to turn this thread into 5000 posts going over the same thing.

1. what is this? a breakout.
2. what is behind a breakout? a pattern.
3. what is this? a breakout.
4. what is behind a breakout? a pattern.
5. what is this? a breakout.
6. what is behind a breakout? a pattern.
7. what is this? a breakout.
8. what is behind a breakout? a pattern.

The "main pattern" is somewhere in the middle. . .
where is the middle? 2, 4, 6, 8.

You now know that some tradable pattern exists in the shape of a square or a triangle.

This is very easy stuff, you just have to stop skipping steps

sezMeStreet.png

Based on that last description, this was my revised attempt

breakouts2.JPG (80.07 KiB) Viewed 21112 times

[IgazI]

I really don't want to turn this thread into 5000 posts going over the same thing.

1. what is this? a breakout.
2. what is behind a breakout? a pattern.
3. what is this? a breakout.
4. what is behind a breakout? a pattern.
5. what is this? a breakout.
6. what is behind a breakout? a pattern.
7. what is this? a breakout.
8. what is behind a breakout? a pattern.

The "main pattern" is somewhere in the middle. . .
where is the middle? 2, 4, 6, 8.

You now know that some tradable pattern exists in the shape of a square or a triangle.

This is very easy stuff, you just have to stop skipping steps

sezMeStreet.png

Based on that last description, this was my revised attempt
breakouts2.JPG

Yeah. =)

[Yirbu]

I really don't want to turn this thread into 5000 posts going over the same thing.

1. what is this? a breakout.
2. what is behind a breakout? a pattern.
3. what is this? a breakout.
4. what is behind a breakout? a pattern.
5. what is this? a breakout.
6. what is behind a breakout? a pattern.
7. what is this? a breakout.
8. what is behind a breakout? a pattern.

The "main pattern" is somewhere in the middle. . .
where is the middle? 2, 4, 6, 8.

You now know that some tradable pattern exists in the shape of a square or a triangle.

This is very easy stuff, you just have to stop skipping steps

sezMeStreet.png

Hmmm...made some drawings today and I think it's getting clearer now.
II guess I need to let it sink in. thx.

[IgazI]

Hmmm...made some drawings today and I think it's getting clearer now.
II guess I need to let it sink in. thx.

It is easier to see when you are not looking at multiple colors and various indicators.

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You want the analysis to take place in your mind, not on the chart.

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