Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
if the volume is good enough and doesn't go through the resistance, that might be something wrong, we call it effort vs result, which is the red flag of that move, and the following price action will tell if that red flag is true.
well for one point scalper, they don't need wyckoff they might like PATs stuff....
This is very true, a very short time scalper may use his principles at certain times but not very much. That been said, describing the situations are not as effective as seeing the actual charts, so if you have a chart @rock that has the example you are referring to why not share it and lets see if we can learn from your view point.
PS. You can never be 100% right otherwise the most successful traders wouldn't need stop-losses but they all use them.
Maybe @supermht can share the HLC bar chart @rock stoke about that is the one he posted on Feb 3rd and I scribbled on
I took the low volume down bars after the mark up as "successful test" Look at AOL after the mark up. The next down bars were down on diminishing volume. But quite odd as it fell almost back to the trading range. So I wasnt expecting a follow through.
As for JNPR, Looking at PnF chart, there was a long period of accumulation prior to gapping up.
Thanks! Looks like hypodermics. And it's on a new high. Going back to old trading range fast wasn't a positive sign either. The last 4 bars were feverish. All point to weakness.
they might like PATs stuff....
