I'll update this first post later.
I'll update this first post later.
Starting to study Price Action with "Caps - RBD/DBR". Task: Mark 200 caps and watch how the price reacted on each one. Write down how the price approached the caps, how it reacted on arrival and what happened after breaking the cap. Here is the first chart:
Here are some old graphics:
Here I continue with the second graph, I am especially interested in how he reacted after the breakup.
Interesting approach, but do you really think dialing 200 caps will give you a valid sample? That�s pure masochism.
I like your discipline. I wish I had the patience to analyze so many areas.
The only thing you're gonna get is to go crazy watching so much useless retrogression.
The idea is to identify consistent patterns of price behavior, even if it's tedious, I need solid bases.
If the patterns are repeated, it will be worth it. If not, at least you will learn to filter bad setups faster.
Don't get excited, that then when you're going to operate in real it's not as pretty as backtests.
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