Hey there, Gaps come in with a story of their own, but whats more important here for me would be the fact that there's more to the region around the HHR than just the HHR price level itself. Refer to the chart below: image I would have preferred a ...

Mastering the Art of Trading

Yeah that's because every time frame has its own order flow. Occasionally you'll see a lower time frame setup developing and translating into a higher time frame setup but its always best to treat your time frames differently and independently. So ...

Mastering the Art of Trading

Hey str8, I prefer to use the other end (high/low) of the bar that pushes through and closes beyond the trouble area. So essentially that push through bar becomes your trigger bar. Its still a fake out trade (as in the trade extracts its merits from ...

Mastering the Art of Trading

Hey there, Notice the thick PPZ just underneath the HHR. Makes it tricky to go short straight away. image g.

Mastering the Art of Trading

lol. I didn't even notice. g.

Mastering the Art of Trading

hey pipslearner, You drew the LLS wrong. Refer to the chart below. Also buying straight off of the region you pointed out, is a risky proposition because of all the trouble up above. More thoughts on the chart. image g.

Mastering the Art of Trading

Hey KOS, Where your FTA is too close to allow for sound trade management, its always a good idea to defer the entry till you get a move through the FTA. image g.

Mastering the Art of Trading

It has been "drained out" by the action later on as price went through and across it on both sides. Your LLS/HHR needs to be the price level that hasn't been tested AT ALL since the time that price first bounced off of it to create the swing point. ...

Mastering the Art of Trading

Hey there, Could you mark out the swing low point on the chart that you used for that LLS? g.

Mastering the Art of Trading

Apologies if I sounded harsh or a little too oppressive. That wasn't the idea AT ALL. I am never offended nor irritated by any questions directed at me, advanced or basic. Essentially I was emphasizing on the importance of making informed ...

Mastering the Art of Trading

I don't think he was comparing the two means of testing. Of course if you've got to do one of the two forward testing is way superior, but back testing along with forward testing isn't a bad idea g.

Mastering the Art of Trading

Hey KOS, Yeah I'd recommend that you at least go through the first 150-200 pages of the James16thread. It goes a long way in making sure you have your grip around the idea of side to side support and resistance. With regards to back testing this ...

Mastering the Art of Trading

I am not sure why do we have to weigh the chances of this setup working out or not right now with limited information? Looking up at the sky, what are the chances that it will rain today? Well, yeah you can look at the white clouds and clear skies ...

Mastering the Art of Trading

I am sure this is just a demo trade to test various stuff out. Driving straight for the storm isn't a great idea. Think on the positive side. A delayed entry possibly at the point marked out on my chart, 1) helps see through the trouble area, and ...

Mastering the Art of Trading

Every time that you have seen price pulling back "only just enough to take your stop out before it headed straight back in your anticipated direction" you have most likely been victimized (not by the broker, by the market forces) That said, the very ...

Mastering the Art of Trading

Hey Brother. Glad to have you here! g.

Mastering the Art of Trading

Hey there, Yeah this setup has been a little disappointing. Price rebounding just under the HHR is usually bad news for a fake out setup. g.

Mastering the Art of Trading

Here's a visual explanation of how consolidation areas can trick you into believing that a close above the LLS or below the HHR is good enough. image image image g.

Mastering the Art of Trading

Great questions there! Firstly, I consider single bar LLS/HHR as more stronger than an LLS/HHR whereyou have a cluster of highs or lows lining up. This is for three reasons. 1) A single bar HHR/LLS tells you that the opposing order flow that came ...

Mastering the Art of Trading

A small bar isn't the only way you can get yourself a small stop. And then again it boils down to the story. The problem here is not so much about the bar being small as it is about that small bar looking to reverse and take on all that selling ...

Mastering the Art of Trading