I agree. That is the task at hand. I don't expect it to be easy. A simple equation won't get us there. Even if I knew who wins the Superbowl it wouldn't offer an actionable clue for how to bet on a midseason game. Direction is the most important ...

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Funny how you can read people discuss in forums and read dozens of books that describe in detail "typical inexperienced trader mistakes" and then spend a year or two making typical inexperienced trader mistakes. Goes to show there's no substitute ...

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Sell please

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Some hawkish chatter yesterday (although seemingly ignored by currency markets) makes me think it was a bit of a prelude for the minutes today . Leaning towards C.

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Does this look anywhere near legit? Short term map. I understand any action so far on the chart above top of range to represent an extension of highs.

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Thanks so much for putting the work into this. Can't tell you how much of got out of this post even if I'm way off on the following: Point C is where I would look to determine if there is a break of that previous low, and then a pullback, then a ...

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Understood. Thanks. And apologies for dumbing down the discussion for others with more exp.

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Not sure if true but seems to me like from FA perspective the market reaction to news would put the flip right where price is when that reaction begins. In other words Since that's the beginning point of decision bullish or bearish reaction, ...

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.?

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When a Resistance or Support stop being valid? When price moves through the level and closes on the other side -> How can you recognise soft S/R areas and strong? Repeated attempts at this after retrace fail with stronger s/r levels.

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ooooh. tricky that one. good question/point. Only one of mine that looks right to me is the one I labled neutral.

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image In buy

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Gotta be honest. C for me. If I'm close on my short/midterm flips I should hold the long given the push above. But until I'm confident about how Ive plotted the flips it seems prudent to bail on the trade to manage risk. Not market risk but more "a ...

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long term?

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more like this for mid term?

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More like this for short term?

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I think time frame specific makes sense to me in that where bulls and bears put near equal pressure on price would be a different place when looking at the monthly chart or bigger compared to the daily or smaller. Those levels would not be mutually ...

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Agreed. But feeling like this most recent one fits that bill pretty good. At least from my perspective.

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