On the daily chart I mark the Always In direction, that I see the market is in.
AIL = Always In Long (look to get long)
AIS = Always In Short (look to get short)
For some time now, I’m experimenting with volume to improve the entry signals of the Price Action Indicators.
Decreasing or less volume, when approaching an old support or resistance shows a lack of interest from professional money to participate at these areas and prices are more likely to reverse.
The most crucial prerequisite for a Wedge reversal is a clear trend channel line overshoot and in particular a second overshoot.
Other strengtheners / requirements are: Continue reading “Trade the 1st Pullback after a Wedge – the W1P!”
“Barb Wire” is a special kind of a tight trading range, where the price action is confined to a narrow range made up of small bars, many of which are dojis (large tails and small bodies). Continue reading “What to do with “Barb Wire”?”