thread: How To Trade With a Naked Chart

950251 Structure (s) NQ today. . .how I see things. . .5M chart....let me know if I missed something .cheers

95025 Hi all... this is my naked chart in per week TF, just look closely at weekly price close.

950251 Structure (s)

95025I'll give you one tip about trading charts,Press y and watch difference.

It will give much more idea regarding market.

95025

quote certain, lil little on USDCAD image 1. As people shorted the way of must purchased the shorts, set ther SLS in the extremities to cover two to aswell. Price dips down below the low, and snaps back up to shut off thge highs , again someine purchased here into new bears entering, 3. The moment we view a markup, caused by actively and aggresively pushing price beyond the drops, the shorts run for cover and there bustops become triggered forming a halt loss cascade, where the ones buying into the down move along with the fakeout will...

ucad update...

95025

NQ today. . .how I see things. . .5M chart....let me know if I missed something .cheers picture

1. Yes buyers at which encouraging price , however we grinded lower, one could have drawn in achannel (little red)
to set some additional activity

2. As price broke the lows of the station on raising momentum, right into oversold region, we snapped back nearly
in precisely the exact same way ie. High momentum, resulting in a timeless V reversal

3. Price was able to drive all the way back into the previous highs / former support, but discovered resistance
then we formed a range and from here on it gets interresting

4. As price attemptedt a rally we where gains near resistance ie. Signs of absorbtion
and also the breakout occured back on increased momentum. .

5. Price quickly and volatile back down right into a level of pot. Sellstops
and violently attempts a rally carrying out the intermediate top of the prior breakout
this is a sign of strenght

6. The best entry to particiapte in this strength occured in the 50% mark of the preceeding rally
which got rejected,.

At best there where to get options. . 4. Playing an aggressive breakout after absorbtion
and the retracement of the 50% mark

950251 Structure (s). .cheers PT . .What would you think of the one. . .eur/usd daily, I'm long.

95025

..cheers PT . .What would you think of the one. . .eur/usd daily, I'm long. image

I would rather wait until price trades at the extreme highs, before considering any longs. Because of risk management


however we're at somewhat at a demandline of an upward station, so I dig deeper to H1. .

As well as the situations I might look at a long atm, would be the following


however tight stops are set up, and a pot. range could develope. . (overnight semester ) whereas sup. Would be in favour of a long setup

so better wait until we hit the extremes and go from there (for me)

great luck

95025good stuff ,cheers .... Where did you learn price action,if you don't mind me asking. . .what do you think of Tim Morges marketgeometry.com?

95025

great things,cheers.... Where did you learn price action,if you don't mind me asking. . .what would you think of Tim Morges marketgeometry.com?

Hey,

well, I heard thru progressing, ie. How far down the rabbit hole do you want go go? Like

books such as

Trading and Exchanges: Market Microstructure for Practitioners
Markets and Market Logic by steidlmayer
Studies in Tape Reading by wyckoff
The Richard D. Wyckoff Method of Trading and Investing in Stocks (a course of Instruction on Stock Market Science and Technique) by wyckoff
Reminiscences of a Stock Operator (jesse livermore) by lefevre

and by simply asking the right questions and go looking for the answers by myself. .

Ie throughout the course of my trip I met and spoke to a lot of individuals, such as pit/floor traders, institutional traders, prop traders, market makers, experts and alike
which gave me insights into their job on a day to day basis, ive adopted what synced together with me , and build up from there. .

Sure many wrong roads went across the way. . But still well worth it

PS. Dont understand anything about marketgeometry.com. . sorry