Thursday, June 19, 2008

Trade Setup Selectivity

euro1: we had a method 'template chart' for euro trading this morning - what-where were the trade setup combinations that made the trades more than right side base?



why refer to these charts-any charts as template charts? because they are core method --- they combine real price-price action prices WITH base setup components WITH breakout potential that synchs with the price specifics involved-the failure breaks of these prices.

red dot: price momentum divergence swing reverse into the left side diagonal as a price break2 with mex flow entry - go back to 411ct AND see the area low and how it became a right side price specific --- continue to extend the price to the right.

green dot1: this is a clear initial base setup - the left-right price specific break2 with mex flow that also has the left swing as diagonal breakout potential.

green dot2: do you see a base setup here OR is there no trade because mex flow hasn't completed the fast chart roll back - you have 120t mex flow --- i would suggest that price traders have a selective base setup - the trade was done as an addon to green dot1.
  • price specific shift-reject with 120t mex flow - with a higher low
  • left price action from the blue square-the spike reject into the sell - as the right side entry price OR failure-break entry combination
  • into the 2 yellow square right side triple top break
  • which is a failure break of the left side pmd high
  • which is a failure-break of the left side pmd high