Not only do we have a massive divergence in the RSI, but we have this little rising flag, which had the same
type of price action in the last two major market moves lower.
...... then quantitative analysis can be conducted on tens of thousands of trades to correlate, amongst many other things, the expected loss per trade for
different types of price action, as determined by the volatility of the price action and the cycle of the price action.
The EURJPY is moving above 136.10 resistance Several stocks made
reversal type of price action yesterday, making a new highs early in the session and falling back heavily in late trading to close below the previous dayâ $ ™ s low.
When a stock undergoes
this type of price action in a weak market, particularly if the stock was a former leader, it often presents a rather profitable opportunity for our subscribers who are prepared to bring home the dosh in both uptrending and downtrending markets.
This is exactly
the type of price action we actually like to see during periods of consolidation, as it serves to shake out the «weak hands» who typically sell when stocks and ETFs break obvious technical levels of price support.
This type of price action is directly linked to the previously mentioned market sentiment.
This fear is for the most part unfounded, because this form of trading allows trader to profit from
all types of price action.
This is the second time we've seen
this type of price action in the past seven sessions.
This type of price action is considered bullish, and suggests that market bulls are buying into weakness.
This type of price action is considered bullish and nullified what could have been a day of distribution on Wall Street.
Shareholders eventually lose interest in
this type of price action and jump ship in search of a more exciting trading vehicle.
This type of price action is very difficult to handle emotionally, and you can easily get into a game of «this time it's going to move / breakout», only to get sucked out of your position as the market once again consolidates against you.
This is
the type of price action that the bulls use to make stealth moves...
These are the times to make money in the markets and hopefully today's lesson has given you some insight into
the types of price action trading strategies to watch for.
Unless you have been trading Forex for some time and can secure a favorable entry on the intraday charts, you are better off avoiding
this type of price action.
We like to see
these types of price action setups here at LTTTM, we hope that you enjoy our simple yet highly effective take on price action trading, for more education, setups, and commentary check out the member's forum
This should provide a few more examples to look at, but still keep things focused on
the type of price action we're interested in.