Because i don’t believe in trend line. It like illusion of bars/candles on time series.
Yea, I get you If it makes any sense, what I’m interested is not in trend lines or bars/candles. Like I don’t care if price breaks a trend line or even the shape of the pattern so much. I’m interesting in understanding what the traders are thinking. I want to see how they are reacting around key levels. I want to see to which direction the supply and demand is pointing. Let me show an example from AUDUSD H1 This is a trade that I’m waiting to make as soon as price gets to somewhere around the top trend line and make a good PA.
Look at what happened to AUDUSD No TZs or anything needed.. just pure candlesticks and a bit of trendlines.. It’s not easy to always get it right though. Because its easy to make mistakes and not see the clear picture and be biased. Takes some time and a clear head. I will post more live examples whenever I find the time.. with the holidays coming up, I’m taking it a bit easy this week and doing more relaxing. So look out for more activity from me in the new year! Hope everybody have a very happy holiday with their loved ones!
- This reply was modified 7 years, 4 months ago by Saver0.
Attachments:You must be logged in to view attached files.
Focus, Patience, Determination & Order in chaos