Supply pressure looks light. It ~could~ move through that negative space to make another leg to the high side. However that’s too risky for my taste and prefer it cool off a bit and come down to where I have a target set. I’ll start looking at that 50% retracement area and if that doesn’t work, that last demand block.
And if it doesn’t come down and takes off without me getting a piece, so what? I’ll look for something else or wait. Look for those soft spots in the volume. It’s a dead giveaway to where price will go. The circle sorta represents the low volume right below it. You can see for yourself. You just need to be patient.
Patience is THE most difficult skill to master in TA. You can read volume or have an indicator that tells you exactly where to enter and most people will still be incapable of waiting.
There is no trick. You don’t have to buy any special videos or online schemes. You already know if you are patient or not and there really isn’t any method that can change that. It’s fully on you. 99.999% of what people are selling is BS.
All you need is an account on TV that allows you to back test. That’s it. You need reps. Trading is like playing an instrument or learning a martial art. It takes people 3+ years to even begin getting good. The only possible way for any of us to master technical analysis is to back test thousands of times until you are at a 100% win rate. This is doable but only after 1000 reps of back testing….
In my opinion of course.
And if it doesn’t come down and takes off without me getting a piece, so what? I’ll look for something else or wait. Look for those soft spots in the volume. It’s a dead giveaway to where price will go. The circle sorta represents the low volume right below it. You can see for yourself. You just need to be patient.
Patience is THE most difficult skill to master in TA. You can read volume or have an indicator that tells you exactly where to enter and most people will still be incapable of waiting.
There is no trick. You don’t have to buy any special videos or online schemes. You already know if you are patient or not and there really isn’t any method that can change that. It’s fully on you. 99.999% of what people are selling is BS.
All you need is an account on TV that allows you to back test. That’s it. You need reps. Trading is like playing an instrument or learning a martial art. It takes people 3+ years to even begin getting good. The only possible way for any of us to master technical analysis is to back test thousands of times until you are at a 100% win rate. This is doable but only after 1000 reps of back testing….
In my opinion of course.