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How would you guys trade this?
I know the idea would be buy low sell high, but that big giant red bar scares me into thinking there would be a second leg down starting on a big red bar.
Is there a Higher Low MTR here? Or the trend is minor
The bear bar is a decent swing short at the top of a developing TR so I would exit longs below and, if the MKT does not switch to AIS in the following bars, buy again, maybe a PB at EMA, betting on the SPBL continuation.
Are you talking about the last bear bar in the picture? Wow you're a psychic. It swung low right after that screenshot for 7 points.
I was watching it grind up and up and am too afraid to take the trade.
Whats SPBL? Does it stand for Small Pull Back Leg?
Are you talking about the last bear bar in the picture?
Yes, I thought this was the bar you were asking about!
It swung low right after that screenshot for 7 points.
Top of TR and great reversal bar so decent swing short.
Yes, I thought this was the bar you were asking about!
Oh I was just talking about those bars in general. Since there was no clear up or down, I guess the best way was to swing between the extremes in the trading ranges.
But you're a f****** genius predicting that massive swing that follow that last red bar. I was so sure that the bulls were pushing higher and higher and it was Always in Long.
I even put in a long order in my SIM the bull bar before that red bar.
** Keep it clean guys! Richard : )
But you're a f****** genius predicting that massive swing that follow that last red bar.
I didn't predict nor I knew it was going to happen but what we learn here is that this was a decent swing short setup therefore bulls had to exit below the bear bar and bears could sell.
Hope it helps!
** Keep it clean guys! Richard : )
Sorry Richard, I was just excited
