Master one trick only

jetking

Well-Known Member

jetking

Well-Known Member


A: a wide spread with good vol bear candle,indicating the selling pr,but note the lower wick,which indicate that there is some buying is also coming and note that candle is in the "demand area"of yesterday,so wait for next candle to decide
B: narrow spread bear candle with vol more thane pr candle,clearly indicating that there is all the supply is being absorbed here,a possible reversal is on cards
went long abobe this candle with SL below the low of this supply area
next two candles were bull candles,but vol is low,so the up move is not validated
C: after a series of narrow spread candles,this wide spread bull candle formed,but vol is not supporting the up move,moreover it could not breach the pr high,so decided to reverse to short below this candle
D:wide spread bear candle with good vol,selling pr is growing,but exit half at the close of this candle by looking at the lower wick
E:price than pulled back with low vol,so re enter short
F:again a low wick good vol candle,exit half
G:re enter short
H:exit half
exit rest at EOD
 
Stumbled across this beautiful thread and have read most of it. However a few things still remain unclear to me. Can anyone share the book YTC Price Action..... here? The one available on 4shard is only the chapter 2 of it.

If not here, kindly pm the link etc to me.

Thanks
 

jetking

Well-Known Member

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