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How far back do we look when we are evaluating the context?
You won't like the answer: it depends on what context 🙂
I would recommend pasting an example chart that you would like to discuss rather than talk in abstract or general terms.
No, thank you for the honest answer! I appreciate it. I was being too vague. I was just thinking in a particular scenario where a trend reverses intraday if the context for the morning was down and a few hours later it completely reverses then do we stick with the original context from the morning and when do we begin to accept the new context?
When you have a developing TR, you buy low and sell high so in your chart, any longs you took before bar 46 should be exited either at 60 final flag or below the third or, definitely, the fourth bear bar closing on the low, 64.
Thank you! This was helpful
Yes, the context question is very critical... How far we have to look back to get the right context... I have submitted a request on this forum refering it to AL
To kindly make a bonus video on context... As this is most critical thing... kindly support that request.. that video will be very helpful for many traders in forum
Thanks
Sir I am doing BTC for commodity market. I have read context,and gap three times and I have noted down important points. In slideshow I am understanding full concept, but when I go to the live chart it seems completely blank. Can you suggest any way of better understanding and implementation of these slides.
I only know one: switch to the EMINI and compare your reading with Al's. Only then you will know what you are doing wrong. And even then prepare yourself for a long journey (years) or you will not be able to cope with the frustration that will come from time to time, as you are now experiencing...
Good luck!
Sir in yesterday emini 15 min chart,there was tight bull channel but there selling pressure also. At arround 0600 we got Two bar reversal and follow through after that TR. At 1130 we got strong bear signal bar and follow through bar. So why should not we sell below follow through bar and should it not be counted as second entry for bear.
It is a LH MTR but both the prior selling pressure and the break of the trend line were weak and therefore it was probably going to become a minor reversal (=PB). Check again videos in trading MTR tops and you will see that you needed much more for the MTR to work...
