As a rule I don't go looking for fractals, I try to keep it simple with horizontal lines.
The next level of analysis is seeing the triangle/channel after which I might see the fractal; at which point I'm doomed to over analyze
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MightyOne wrote:Another thing that I have been working on:
As a rule I don't go looking for fractals, I try to keep it simple with horizontal lines.
The next level of analysis is seeing the triangle/channel after which I might see the fractal; at which point I'm doomed to over analyze
aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"
Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1
RicG wrote:aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"
Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1
I don't know if Jason "coined" the phrase "structure leaves clues" or not , but he and his business partner Todd Brown, both, use it all the time.
aliassmith wrote:RicG wrote:aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"
Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1
I don't know if Jason "coined" the phrase "structure leaves clues" or not , but he and his business partner Todd Brown, both, use it all the time.
I watched a lot of Jason's videos even the fibs (ratio) trading stuff. I'm still not a Fibonacci fan but his other vids were interesting.
aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"
Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1
Jalarupa wrote:aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"
Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1
I was trying to trade the exact same setup (albeit that I was too early to the party.... as usual...) So I take it yoiu first wait for MOMO out of the failed Zline level before you commit?
Also do you often trade the close of the NY session?
I keep hearing traders say that novice traders open markets and experienced traders close them... Any truth to that statement?
On a plus I am glad that I am seeing a little better after your involvement in this thread alias