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Cobra, do u have time to say somethingCobra wrote:Volume surge and a bear bar, let's see if any further pullback here. Nowadays simply every bull reversal is one legged V reversal, no 2nd leg to test low, speechless.
No, not that simple. Judging by your question, I suggest you not to take day trade for awhile. You can go to "Getting Start", in there, there's a post called "What is Open Range", you can download a book there where you can at least get some idea. Then you go to "What is L1/H1, L2/H2", there, also some books you can download. If you can fully understand them, then you can try, otherwise, just forget it. It needs some years of experiences.Jennyahwu wrote:Cobra, do u have time to say somethingCobra wrote:Volume surge and a bear bar, let's see if any further pullback here. Nowadays simply every bull reversal is one legged V reversal, no 2nd leg to test low, speechless.
" I want to know how to trade when you observe 5 mins bar? does it mean when you see 3 bar in green , then to buy it? thanks
EvilTrader:EvilTrader wrote:this market is insane.
I 've been making trucks of money, then giving it back in small pieces...
But lately i am starting to "get it" again...
Simply old-fashioned stats dont work very much, evry thing is pumped up in steroids
Agreed!Traderwill33 wrote:All I know is that every message board is in a frenzy.... bulls are getting longer every 5 pip pullback and bears are either pulling their hair out or have left the building... out the window. We have to be close to some sort of a turn.
Cobra wrote:Ok, here's a detailed explain, in 1 min chart, it's 3 push up, so the last one could be the back test of the previous high therefore a potential reversal trade, and later, it breakdown below the double top neckline, so I'll assume some bears may take the trade. Normally an experienced trader doesn't need to look at 1 min chart, simply from 5 min chart he can see what's happening. And normally, I don't bother to say things like that but since this is still the beginning of our watering thread, I'll try to water a lot.