Most traders are familiar with the experience of sitting on trades for large periods of time without realized losses ( the market hasn't hit their stops...and the waiting is VERY stressful ). Recognizing that markets move in a way that drives traders to a scalping type of trading...and this can keep you from capturing the benefits of trading swings...if you could...
Based on the location of the AUDUSD, if I were looking at the pattern, I would rather take a long position ( with reservations )...and yet the DXY favors the buyers ( which means the AUD could go lower ): in other words, I would gladly take a long trade here if I were trading your account.
gold, dxy, oil, copper, enph.
comparing the "old" pattern to oil with highly profitable swings to the way it is swinging ( or not swinging ) now. Then I briefly compared price action of oil to gold.
Important distinctions to be more accurate in judging price dynamics in a way to allow you to be more effective with how you use your trading tools.
Looking at price action around trend lines. Measured moves. Scaling techniques to reduce loss.
This is about avoiding being on the wrong side of the market. Theoretical scaling trade than could have gotten losses back to zero in an intra-day trade.
comparing gold to DXY; potential scaling technique for gold ( probably a little too risky here because of the very bullish three day move higher is the DXY.
This is a different kind of entry than most people will not see or understand. I like to think it involves something I would call market dynamics...but it boils down to buyers vs sellers and fast money vs smart money. I ran out of time on the video...probably a good thing because I was probably getting a little hypertensive base on the tone and volume of my...
failure to make new lows at the 382 retracement: market should retest the recent high.
very bullish market that makes it difficult for buyers and sellers
10.31.19 comparing ENPH bear trap to Amazon bear trap. gold review...and ( accidentally) compared to other gold crosses.
Scaling techniques can have a highly beneficial effect you trading results...and "Bale you out" of costly market corrections if you have a working understanding of market dynamics...and you recognize that adding positions also increases your risk exposure...and should be factored in accordingly. Here is an example.
It may be worthwhile to look into bull and bear traps in the market. They are one other aspect of trading that can take you profits...and even worse...get you on the wrong side of the market.
recognizing changing volatility to adjust your expectations regarding targets, corrections and entries.