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With a selling bar on the left hand side of the chart, we immediately got a spring and retest (ST). I believe this was a probe to remove weak longs. Price action after the spring was lacking demand as we didn't immediately react positively and make new highs.
Price is currently moving sideways at the upper end of the range and lacks demand.
The positive, each attempt to go lower is met with buying pressure due to the overall trend.
I believe the range is about to mature, we are moving closer to the right hand side however demand is needed or supply will take advantage of the lack of demand. My thoughts.
Hi @aquarian1,
Just wondering if you wouldn't mind sharing your story on becoming a profitable trader? Im quite interested in the struggles you went through and how you overcame them.
Come now youre not going to sidestep it that easily
Unless of course you have found trading so easy that the mere suggestion of hardship is comical? I would never believe it anyway so I would guess that your self discipline has to be strong in order to still be in the game after all these years. What was your turning point?
(I'm in the Canary Islands on the beach,, surrounded by pretty girls, champagne and flowers and my associate
is taking them - :-) )
From the Simpsons, the dwibe is asking the mock-off of Arnold how he sleeps at night.
"On bags of money surrounded by beautiful women." - said with an Austrian accent.