6 December 2018Published by SallyU on 6 December 2018Categories UncategorisedThis is what the PA looked like before a break downI wonder how much consistency is there in the PA before a break? Sometimes it’s a very clear pattern, such as a triangle with a horizontal
6 December 2018Published by SallyU on 6 December 2018Categories UncategorisedWhy it pays to keep long term price charts in mindToday – 6 Dec 2018 – the market returned to levels not seen since Autumn 2016. Back then 10800 was a powerful resistance level and the
6 December 2018Published by SallyU on 6 December 2018Categories Pre-market and end of day analysis6 Dec – Bears are out but levels react … then collapse in the US sessionPre-open Scenarios Again, we saw a big move down ON, so again, we were presented with the same question: would the selling continue or would we
5 December 2018Published by SallyU on 5 December 2018Categories Pre-market and end of day analysis5 Dec – Rallied to close Friday’s gap and closed where it openedPre-open Scenarios The market saw a big sell off after the cash close – firstly just closing Friday’s gaps but then much further – so that
5 December 2018Published by SallyU on 5 December 2018Categories UncategorisedHow waiting for confirmation increases riskThis is a principle that I have been taught by Chris Capre Why Confirmation Price Action Signals Crush Your Trading Success. It felt very high risk
4 December 2018Published by SallyU on 4 December 2018Categories Pre-market and end of day analysis4 Dec – Opens below low and early buyers lose enthusiasmPre-open Scenarios With the gaps below and the ON action signalling an open below yeserday’s low, the tone was bearish – at least in the short-term.
3 December 2018Published by SallyU on 3 December 2018Categories Pre-market and end of day analysis3 Dec – Huge move up and then… nothingPre-open Scenarios The market gapped up at the open ON and held on to it’s gains. This was the picture at the close of business on
2 December 2018Published by SallyU on 2 December 2018Categories UncategorisedHow to build a position by taking partial profitsI was trading this in the wrong direction as it turned out, and the higher-high in the screenshot was the clue to that. But using this
27 November 2018Published by SallyU on 27 November 2018Categories UncategorisedTrading a triangle with the broken triangle reversal patternFor this pattern to be valid, the following features need to present: The market forms a compression or a triangle at a KL. It breaks one