spa wrote:MightyOne wrote:
How is every body doing?
Can't say the same here...
live long and prosper V.
we're trying to move forward ...
looked at this real time and after the fact and still things ain't as clear as they should... how would you have played it? price formed 2 fat cats on 45 min CC and on 90 min CC after touching the crash zone target 1
1. What is the greatest period of time that this extreme represents.
Go look at that TF and get a feel for where you are.
If it was a yearly high then look at the yearly, monthly, weekly, & daily.
What does your smaller TF look like (4, 6, or 8H)?
Now back to your trade TF...
2. What line did price close over or what line should price close over or what line should your average order be under...yeah, that line.
3. What line did price not close under?
Now that you know where you are and where you are going, you can safely move to where you are trying to get.