price action trading

[saakk]

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[saakk]

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[saakk]

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[saakk]

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[saakk]

Sitting and observing what market "IS DOING" is the most important SKILL for any trader. Thinking that I (trader) knows what MIGHTY MARKET gona do next is a fools game because even if i follow pure PA along wit many who are trading naked chart or NOT will make price ADJUST accordingly and if price make 2 FALSE breakout now or "whatever" it might do it 4,5 or n numbers of time (false breakout) in future, i should able to adjust and adapt that new information into my trading, unless i do it i might miss trade of the day or week or even month. As markets are FRACTAL in nature, PA pattern is applied on every TF 5 min to quarterly, if trader have enough DATA. I had a realization that closing of daily bar is very imp. for intra day and intra week trader atleast, because if bar closed as DJOI or below open there are high chances of lower opening after testing resistance.

 

[saakk]

For me Chart has turned into a WAR MOVIE, just like battle on country boarders; Bulls and Bears fight at support and resistance (Straight or Diagonal).... :lol:

 

[saakk]

Yesterday was one of the best day of my trading career not money wise but "Following the RULES" wise, waited for appropriate bar to enter, add, exit no pre-decision and front running of market not even in a single trade, week away from trading (not market) has paid off. Al brooks in all his material always stated that market is in constant BO and BOF state, If only trader can put market into a structure and understand the attempts by bulls and bears which is a fundamental to any supply/demand structure, chart will come ALIVE and price will tell you what to expect. Support and resistance line are DIAGONAL too and not only HORIZONTAL, PA trader just have to play around wit it little bit even when it is not making any sense but after sometime it all will start making sense. Nothing will come in a month, 6 months or in a year's time, learning is constant and no teaching can paramount over looking at your own trades after the market hours, After entry; next bar itself will tel if this trade going to work or not, how strong is dominant side or the side which is defending, every thing is there. With enough EXPERIENCE understanding a chart will become as simple as reading this post, Charts are just a LANGUAGE of market.....

 

[starscream]

Can you post your chart?

 

[Vertigo_1985]

Yesterday was one of the best day of my trading career not money wise but "Following the RULES" wise, waited for appropriate bar to enter, add, exit no pre-decision and front running of market not even in a single trade, week away from trading (not market) has paid off. Al brooks in all his material always stated that market is in constant BO and BOF state, If only trader can put market into a structure and understand the attempts by bulls and bears which is a fundamental to any supply/demand structure, chart will come ALIVE and price will tell you what to expect. Support and resistance line are DIAGONAL too and not only HORIZONTAL, PA trader just have to play around wit it little bit even when it is not making any sense but after sometime it all will start making sense. Nothing will come in a month, 6 months or in a year's time, learning is constant and no teaching can paramount over looking at your own trades after the market hours, After entry; next bar itself will tel if this trade going to work or not, how strong is dominant side or the side which is defending, every thing is there. With enough EXPERIENCE understanding a chart will become as simple as reading this post, Charts are just a LANGUAGE of market.....

absolutely :thumb: , those who blabber about ' it's only good in hindsight' should read above.

 

[saakk]

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