Australia's largest stock trading and investment forum Australia's #1 stock forum

I was too conservative, would have missed a good trade on the...

First 34 Last

Share
Profile

Follow
FreeYourself

681 Posts.

52

14/04/18

16:43

Post #: 32457397
Share

Originally posted by Jako8557 ↑

Quiz Answers

In a nutshell, because price never looked like closing lower after the gap up poorly closing bar, an entry could be considered.
A 'rising buy' being the most likely type of entry, there are a couple of examples shown on the chart.
If there had been a marginal downbar on light volume in response, it would have been questionable.....and a clear downbar on strong volume would have suggested it was a probably a liquidity pump.
View attachment 1057723

..
..

The right hand edge was showing a pretty clear case of potential Bullish Absorption.
In response price breaks out and accelerates away, then comes back and tests the breakout, before accelerating away again.
View attachment 1057726

cheers

Expand

I was too conservative, would have missed a good trade on the first one there. Although the LV PB (no supply) to the high of the UHV bar would have been where i'd have looked for an entry (providing i wasnt too jaded about missing my initial entry )

Cheers
3 Upvote

Reply

There are more pages in this discussion • 38 more messages in this thread...

First 34 Last