DAC
- #46,863
- Edited 5:36am Oct 15, 2024 5:25am | Edited 5:36am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
Assuming this is looking Wyckoffian, wouldn't the next phase be an upmove to 2660-2670? But then again, trading is the definition of Apophenia. Seeing patterns where none exist. {image}
Instead an order flow shift in mini structure, with which the internal structure suggests 2627 insight.
The external upward structure remains bulllish.
Even upward Swing structure still intact.
Based on the intraday setup(mini structure), 2661-2663 may be a good place for short(low risk) with TP 2627(Easily bank $25 price move for a $3-4 SL).
At 2627, high possibility for Order flow realignments of internal structure takes place, so worth taking long around this range.
If we are right, we get a high reward. If we are wrong, we lose a little.
Educational link on wyckoff:
Inserted Video
Grab your popcorn
and enjoy the show
More time in the market, does not mean you trade better!
{quote} I'm the same. I had such a good week last week but now I'm putting it all back in because I'm being destroyed again. One minute it's starting to look like it's going to go up, next it's down. I finally get in a decent trend and then closed out because I listened to some random person on the internet about it probably going to 2630 but when I look at the chart, I don't see any reason why it would want to go down there, so why do I listen? I make the same mistakes time and again
- #46,870
- Oct 15, 2024 6:15am Oct 15, 2024 6:15am
- Joined Jun 2024 | Status: Trader | 1,179 Posts
I am a rocket scientist.
