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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, all the way back down now, and will it break to the downside instead of the expected upside? I think so.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there's the downside breakout.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now up after the sweep, or a bounce and roll? I think all the way back up is slightly higher odds. Let's see.
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
screen shot 2014 01 08 at 2 58 00 pm png
RA
rat89
Rep: 0
Posts: 7,015
could explode out this area
JI
jimkane
Rep: 3,058
Posts: 33,089
There it goes.
RA
rat89
Rep: 0
Posts: 7,015
looks like a trap
JI
jimkane
Rep: 3,058
Posts: 33,089
I think that other than the occasional strong trend moves, it's all just one trap after another. That's the game, in my opinion. I like to think of myself as a player of traps.
RA
rat89
Rep: 0
Posts: 7,015
that was a good one
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, and really an important concept when figuring out a 'Trading Plan', I feel.
RA
rat89
Rep: 0
Posts: 7,015
at an inflection point where either the move higher is confirmed or a pullback