Do you watch out for a trade every time a new daily h/l is established? Yes. Reversals happen. do you put your stop above/below the h/l price reversed from. Best place for a stop would be below the low/above the high. Naturally, you adjust your ...

Trading is as simple as 1-2-3

image Brown line marks lowest open price. When price crosses above this line, price is moving up relative to that line.

Trading is as simple as 1-2-3

image Setting up. In summary, a bar makes a low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. "Successful people ask better questions, and as a result, they get better ...

Trading is as simple as 1-2-3

image What happened after the 1-2-3 HL-LL-HL

Trading is as simple as 1-2-3

Hello NaughtyPip: How do you define price action?

Price Price Baby

""95% of the time price will close above or below the open." Amateurs will never see the edge in this quote, unless a professional point it out where the edge lies within this quote." image Trade away from the open rather than towards is the ...

Higher Edge within a Single Candlestick

Why do I complicate things? Human nature. Why don't I use only a line (like I always do in the Past)? You got distracted by indicator du jour.

Higher Edge within a Single Candlestick

image 1-2-3 HL-LL-HL Trading today in tight range. No news to push price.

Trading is as simple as 1-2-3

This video resonated with me: url

Higher Edge within a Single Candlestick

Welcome Anusragger. Unsure of exactly what you are asking since you omitted a quote. I will do my best to answer. A) The high would be the daily high. When price makes a new high for the day on the previous H1 bar[1] and fails to make a new high on ...

Trading is as simple as 1-2-3

"It doesn't matter at all where they are on the chart one does not hold more weight than another...ever." There was a study, on a another forum, showing this is not the case.

Higher Edge within a Single Candlestick

image When we talk about price we usually refer to price as "up" or "down" or "going up" or "going down". The reference point is usually an open, in most cases the daily open. Another perspective or reference would be "moving towards" or "moving ...

Trading is as simple as 1-2-3

Welcome baidovich. What you mean by reverses ? In this case reverses means the current bar opened below the high of the previous bar, price went up but did not reach the high of the previous bar and then price starting dropping. Sell when price ...

Trading is as simple as 1-2-3

Welcome Emmpoli. A1) Chart period is immaterial. The brown line is at the open of the M15 bar that happened after the low of the day was established. The M15 bar failed to make a lower low. Price reversed and an entry at the brown line would have ...

Trading is as simple as 1-2-3

Welcome MikeCo. "All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Arthur Schopenhauer This is fascinating! Your first opinion or impression is that of ...

Trading is as simple as 1-2-3

Do you read the "simple" trading threads here on FF and other places? One thing most have in common is after 100 posts or so things start to get complicated. Something as simple as a horizontal line cross trade chart has a gazillion indicators and ...

Trading is as simple as 1-2-3

Secret is not believing in trading secrets. Sticking to the plan is the edge. Mastery of the simple. Rejection of nonsense.

What is your secret and edge?

Candlesticks, bars, lines, etc... only represent what price has done.

About Candlesticks: Why they were created? What do they reveal?