All of these setups were
valid examples of my price action trading edge, two of them happened to be winners and one happened to be a loser, but there was NO WAY we could have known for sure WHICH ONE would lose and which one would win before they came off.
All of these setups were
valid examples of my price action trading edge, two of them happened to be winners and one happened to be a loser, but there was NO WAY we could have known for sure WHICH ONE would lose and which one would win before they came off.
Not exact matches
The share
of a large car manufacturer, for
example, may trade on a low P / E ratio, and have a great Dividend Yield, but if it has a pile
of debt repayable next year then the low share
price might be
valid.
In contrast, a
valid «magazine story»
example is the headline that appeared in Commodities Corner
of Barron's Magazine on February 12, 2001, after a protracted slump in gold
prices: «Tarnished!
All
of these trades above are
examples of valid price action setups that I would have traded, and I did actually trade and profit off
of some
of these setups.
Not every
valid price action strategy works out and this is a clear
example of that.