"price action, swings and sense"

The purpose of human brain is to make sense out of its surrounding to construct a reality. Same thing applies in trading for a trader like george soros or a trader wit 10000 in his trading account, unless he can make sense out of it he will not hold his position good or bad doesn't matter. Every buy and sell is a perception out of current context of what is happening in economy, so if a big trader is wrong with his understanding wit current context he has to liquidate or reverse his position which will effect market & will lead to sudden spikes. The point is there is a reason why humans can see such a narrow spectrum of light or hear a narrow band of frequency. Imagin if human can see AIR and all the dust mites in it and hear them, it will lead to total chaos...

re: "price action, swings and sense"

Welcome back, Saakk!!

Is underthinking better?

re: "price action, swings and sense"

Thankx augubhai.... Yeah may be, got some good stuff on PA, last 2 months doing experiment wit channel's...... simple stuff which make lot of sense (atleast to me).... trying to make sense from available data asap.....

re: "price action, swings and sense"

Types of channels: - UP channel (HH-HL), DOWN channel (LH-LL), SIDEWAYS channel (If CONFUSE channel is sideways).


UP CHANNELS: - Break-up, Break-down, Continuation in channel….. Up Channels are BEAR FLAGS (usually break to downside).

1. BREAK-UP: - BOF—Once failed to break out to the upside price will try to test the opposite of channel extreme (channel support/ UP TL) and try to break it and test last HL.

BO—Successful breakout of the up channel to the upside will lead to increased momentum and formation of a new channel (rare if price is rising since long).

2. BREAK-DOWN: - BOF—Failed BO to the down side of up channel; price will test the other side of channel extreme (channel resistance/ up channel line) and try to break it.

BO—Current Trend end, price will move beyond last imp. Swing HL, Formation of new channel (SIDEWAYS probably).



DOWN CHANNELS: - Break-up, Break-down, Continuation of channel…. BULL FLAG (Usually break to upside).

1. BREAK-UP: - BOF— Once failed to break the upside price will try to go and test the opposite of channel extreme. (Channel support/ Down channel line) and will try to break it.

BO— End of current trend, price will move beyond last imp swing LH, formation of new channel (Sideways probably).

2. BREAK-DOWN: - BOF-- Failed to BO to down side price will test and try to break the channel extreme (Channel resistance/ Down TL) and will try to break last lower swing high.

BO—Successful breakout to the down side of down channel will lead to increased momentum and formation of new channel.



SIDEWAYS CHANNEL: -
BOF-- price fails to BO to any side, Best strategy to trade in sideways channel is to scalp out. BUY LOW SELL HIGH.
BO—Price can breakout to any side and trend (Buy pullback as price will almost come and test the BO area).

In the end Noting is written in stone, it is just an observation.

re: "price action, swings and sense"

Nice sir ji

re: "price action, swings and sense"

re: "price action, swings and sense"

re: "price action, swings and sense"

What is the number one RULE for any PA trader???? that they should only and only pay attention to PRICE and nothing else. Market going up you buy market go down you sell PERIOD........ How bearish or bullish the news is should be of no concern to PA trader, let the fundamentalist wreck there brainzz over it. What ever the f*** RBI governor or FED governor think about the economy is not PA traders concern even if they are literally f***ing the economy by printing unprecedented amount of money.

Only HEAVENS know's how to put a price on its GOODS, Free stuff is always treated as "FREE stuff" (Granted).

re: "price action, swings and sense"

:lol::lol::lol::lol::lol:

re: "price action, swings and sense"


I have heard kodaikonal is famous for its MAGIC MUSHROOMS............