IgazI wrote:PTG wrote:
--edit-- blame it on Russia.
Putin is Russia.
Sounds like a reasonable guy then, Russia. Unlike the screechers who appear to want to cover up something by pointing fingers without proof.
"They only understand force"..
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IgazI wrote:PTG wrote:
--edit-- blame it on Russia.
Putin is Russia.
PTG wrote:IgazI wrote:PTG wrote:
--edit-- blame it on Russia.
Putin is Russia.
Sounds like a reasonable guy then, Russia. Unlike the screechers who appear to want to cover up something by pointing fingers without proof.
"They only understand force"..
IgazI wrote:Thought I'd give LB charts a shot.
That tall green line at the beginning of the chart is part of a "bearish fakeout" or what we commonly call "prev. buying"
After the trend break you would simply buy into prev. buying.
When the close drops below the low of 3 then you have a rounding top, looking left we see prev. selling and we are good to go.
Bearish expansion, similar to the rounding top we are short below 3 with prev. selling to our left.
Bullish fakeout, prev. buying to the left..."buy in an area of prev. buying", there is nothing not to get.
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IgazI wrote:A 'cup' is simply a pointy place that is facing away from the direction that you wish to trade.
If price bounces off of the 40 SMA then you take a trade at a pointy place that is facing in the same direction; preferably the one nearest to the bounce.
You can see a long lower wick on the M30 followed by a cup which was followed by a 2 SMA (close) that went down to form a price level from which you could go long and that lower cup.
On the H4 price has been hugging the 40 SMA, which has been trending downward, and price finally closed above the line. We see a pattern break on the M30's 2 SMA, we have a cup, price is above the 40, & we have decided to go long at the cup AFTER the next open.
Where did people buy? This is not a trick question.
Massive up spike from the first cup (buying), long lower wick (buying), another cup (buying), ... so in what price range did you see buying?
"But I saw selling too!", ...we are looking to buy
Analysis based on closes, triggers after opens; simple!
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