Price Action--I
After being here for a little over one year, the methodology I use is pretty much established in most readers of this thread, whether you are a silent viewer or an active participant. The charts with the green or the purple background with the ichimoku and all the spaghetti (As Eagle calls it.) is what I use to base all my trading decisions and forecasting on. Everything works together for my to form a perfectly unified conglamorate that helps me to accurately forecast the markets. Yet, I am also a constant student of the markets. Sometimes questions run through my head such as, "What if we no longer have access to the indicators that we do now?" Even those answers come without much cogitation.
We are about to embark on another journey that came from one of those answers. Much of this information popped out at me, as I was doing my S&R's over the past several weeks. This series is going to answer questions like:
1. How do I know how to get in on a trend?
2. How can I be forewarned that a correction in the trend is going to happen?
3. Where do I put my stops?
4. What if I just want to ride it out, maximize the potential of the trend and add positions as I go?
You may wonder how is it I have never been a fan of price action and candle formations and patterns, and now I'm going to do a series on all this.
Simply put, if somebody slapped you in the face, you would take notice. This was just about the same effect.
BTW, as far as the price action pros are concerned, if you have some additional light to shed, you feel free to pop in and do so.
As far as this series is concerned, price action and candle formations is about how Pips sees things in his own little world. Now, if you want to enter that world, as always, it my sincerest desire to be of service. Those who have some additional light to show, then it will be my sincerest desire to be your protegee. Regardless of how it comes down, the bottom line is we are all going to be counting pips and lots of them. I may have developed my own personal cliche along those lines, even though I hold with disdain the warn out ones.
Any rate, enough talk. This 1st insertion is only an introduction. The 2nd is coming when most of you pay a visit with the sandman on Thursday night. In my world, it is time for me to visit him now. Poor guy. He never gets to sleep. Someone is always visiting him.
I assure you this series is not going to be a 33-page PDF file.
After being here for a little over one year, the methodology I use is pretty much established in most readers of this thread, whether you are a silent viewer or an active participant. The charts with the green or the purple background with the ichimoku and all the spaghetti (As Eagle calls it.) is what I use to base all my trading decisions and forecasting on. Everything works together for my to form a perfectly unified conglamorate that helps me to accurately forecast the markets. Yet, I am also a constant student of the markets. Sometimes questions run through my head such as, "What if we no longer have access to the indicators that we do now?" Even those answers come without much cogitation.
We are about to embark on another journey that came from one of those answers. Much of this information popped out at me, as I was doing my S&R's over the past several weeks. This series is going to answer questions like:
1. How do I know how to get in on a trend?
2. How can I be forewarned that a correction in the trend is going to happen?
3. Where do I put my stops?
4. What if I just want to ride it out, maximize the potential of the trend and add positions as I go?
You may wonder how is it I have never been a fan of price action and candle formations and patterns, and now I'm going to do a series on all this.
Simply put, if somebody slapped you in the face, you would take notice. This was just about the same effect.
BTW, as far as the price action pros are concerned, if you have some additional light to shed, you feel free to pop in and do so.
As far as this series is concerned, price action and candle formations is about how Pips sees things in his own little world. Now, if you want to enter that world, as always, it my sincerest desire to be of service. Those who have some additional light to show, then it will be my sincerest desire to be your protegee. Regardless of how it comes down, the bottom line is we are all going to be counting pips and lots of them. I may have developed my own personal cliche along those lines, even though I hold with disdain the warn out ones.
Any rate, enough talk. This 1st insertion is only an introduction. The 2nd is coming when most of you pay a visit with the sandman on Thursday night. In my world, it is time for me to visit him now. Poor guy. He never gets to sleep. Someone is always visiting him.
I assure you this series is not going to be a 33-page PDF file.
