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Greetings fellow traders, I've decided to start my own thread. I've been a member for a few days and have posted a couple of trades on the "Price Action Mack Style" Thread. Although I've traded for many years I'm a part time discretionary trader who trades for a hobby. I will be posting trades as I see them. Have a great day, JP.
Shorted at 23711 after seeing a strong selling candle. Waited for a retrace then went short on the second red candle. Target was hit at 23664. I was not able to post live during this trade as I was attending another matter. 91 ticks in the positive today.
Also, at approx 2:08 est I most likely would have bought the market as PA touched support (Lt. Blue Rectangle).
Thanks Rassi, I manually draw my S/R based on what I see on my charts. After more than 10 years of trading it seems second nature. Please feel free to post any charts or trades. Thanks again for your post, JP.
i also like to look for divergence using the 2 period, 2 smooth RSI. Especially when PA meets R/S. It's similar to having a tool that measures Delta. This chart shows a good divergence (yellow arrows) at support around 2:08 pm,est, JP.
What’s drawing your