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M6E Micro Euro futures friendly competition


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M6E Micro Euro futures friendly competition

  #281 (permalink)
 
jackbravo's Avatar
 jackbravo 
SF, CA/USA
 
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Alright, glad to see we're getting some participation! Lots of work to be done here. Let's address these points one at a time, and see if we can come up with consensus or contentiousness or, ideally, both.

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #282 (permalink)
 
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 JMP3 
rochester new york
 
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TradeTheLevel View Post
Reversals in Uptrends tend to have a large thrust at their peaks in my opinion. Also notice they try to get that head and shoulders look more often. If you don't get a good thrust, you have to question if its really a top.

On bottoms, the market likes to test the low and create a fakeout. Many times you will see a 3 drives pattern.

Allot of these depend on timeframe your looking at as well. Major tops and bottoms have allot of what I described. On a lower timeframe, you may see a slow and chaotic turn. Larger pivots require time to form as there happening on a larger scale.

No fancy artwork today


(The following is just my opinion)...

Trading is all about Supply Demand, Fear and Greed. It's been my experience that when Price has a strong, very fast upthrust into a Supply area (not a resistance area but a supply area, there's a big difference) it's simply a push by big money to capture large Resting Sell side Liquidity at that level. Who owns that sell side liquidity which might have been sitting at that level for hours? It belongs to the same institutions who caused the initial push. Why would they do this?

Large firms know that when they Initiate this fast pace push upwards there will be others who will join them in this buying frenzy, emotional buyers. Once their sell side liquidity has dried up these larger firms will push price back down eating away at the stops of those unsuspecting buyers. This will initiate others to join the downward momentum causing price to tumble.

If you have ever wondered why price reversed on you to the tick when buying in a fast pace upward market this is most likely the reason why... Again, this is only my opinion and I could be completely wrong, However I look at trading as a big psychological game and this train of thought has worked for me so far, JP.


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  #283 (permalink)
 
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 jackbravo 
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@TradeTheLevel
@JMP3

Gentlemen, if you would be willing to illustrate your points with some visual (ch)art, as your time and inclination permit, of course, that would be greatly appreciated!

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #284 (permalink)
 
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 AnvilRob 
Smithfield, VA
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jackbravo View Post
@TradeTheLevel
@JMP3

Gentlemen, if you would be willing to illustrate your points with some visual (ch)art, as your time and inclination permit, of course, that would be greatly appreciated!

I really tried getting out of that. Lol

If time permits I will.

Today I stripped and waxed the floor I instruct on. Took all day and still needs three coats. Free time is coming!!

My classroom. Before photo.

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  #285 (permalink)
 
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 JMP3 
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TradeTheLevel View Post
I really tried getting out of that. Lol

If time permits I will.

Today I stripped and waxed the floor I instruct on. Took all day and still needs three coats. Free time is coming!!

My classroom. Before photo.

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Rob, you missed a spot

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  #286 (permalink)
 
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 AnvilRob 
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JMP3 View Post
Rob, you missed a spot

You would say that!! Hope the after photo looks nice and shiny. Like us military peeps do.

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  #287 (permalink)
 
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 jackbravo 
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@TradeTheLevel - nice! what do you teach?

Also, there's no rush on the demonstrations - this overall topic will likely takes months to discuss.

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #288 (permalink)
 
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 AnvilRob 
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jackbravo View Post
@TradeTheLevel - nice! what do you teach?

Also, there's no rush on the demonstrations - this overall topic will likely takes months to discuss.

I teach advanced electrical on MTU engines. Like schematics level troubleshooting, CAN bus systems etc.

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  #289 (permalink)
 
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 jackbravo 
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@TradeTheLevel - I don't know what any of those words mean. Is that a freaking submarine??

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #290 (permalink)
 
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 AnvilRob 
Smithfield, VA
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jackbravo View Post
@TradeTheLevel - I don't know what any of those words mean. Is that a freaking submarine??

Lol. If it was I wouldn't be able to post the picture. But it is a fast response ship. The engine room obviously. And those baby's scream! Hearing protection required

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Last Updated on March 28, 2018


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