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Market Geometry

  #20 (permalink)

Carleton mi
Trading Experience: Beginner
Platform: TOS Ninja
Favorite Futures: CL,ES
Posts: 47 since Aug 2015
Thanks: 78 given, 69 received

Rrrracer View Post
I usually have a set of forks up on my HTF charts and do pay attention when price nears them, and have scored a few nice reversal trades off them. Now whether that's due to some big players actually using them, or some Fib/wave/something else that I don't have plotted, I can't say for sure, but I have seen them work.

I've also seen price blow through them like any other line when the time comes. When I plot them in retrospect, they seem to line up and work a lot. The biggest problem for me is making them actionable when up against the hard right edge. Seems like it would be prudent to pay close attention, give it a chance to work a bit before entering, and keep stops tight until it either proves us right or wrong.

One of the things that Tim talks about is waiting for retest him MLH before entering a trade.

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