Going up or going down. It's just lines that make them round.
If you are ever unsure of where the trend may be heading, try and find the curvature of the Price action.
Or how I now call it, 'The CodyCurve'
I'm sure there is a more professional term for this, but this is how I see it.
You can notice when the Sellers are in control because of that Bleeding out effect; like a waterfall, when going down is natural.
When the trend starts to shift and the Buyers are in control, the bottom naturally begins to round to the upside.
Because we going to the moon obviously, and gravity can suck it.
On the Micro you'll see it grappling back and forth. Sharp V shape reversals are there for a reason too.
Some swings make it obvious, while others need to play out till the end.
If you're constantly frustrated with how the market seems to be going too sideways, or swinging too wildly.
Try to understand that price action is painting us a picture.
While playing tug of war with itself.
And only being able to use a line a minute to make a Micro-Macro image.
You need to be patient and pay attention. But don't jump to conclusions too early, there will be times where the price makes S-shaped fakeouts.
Even oddly squared channels. But hopefully this way of thinking and viewing the market helps out anyone who needs it.
I hope you guys enjoy my thought process with how I try to paint an image or describe a story.
I always find life and the things in them happen for a reason, and giving it a story helps me follow along with less stress.
Have a good day everyone.
Or how I now call it, 'The CodyCurve'
I'm sure there is a more professional term for this, but this is how I see it.
You can notice when the Sellers are in control because of that Bleeding out effect; like a waterfall, when going down is natural.
When the trend starts to shift and the Buyers are in control, the bottom naturally begins to round to the upside.
Because we going to the moon obviously, and gravity can suck it.
On the Micro you'll see it grappling back and forth. Sharp V shape reversals are there for a reason too.
Some swings make it obvious, while others need to play out till the end.
If you're constantly frustrated with how the market seems to be going too sideways, or swinging too wildly.
Try to understand that price action is painting us a picture.
While playing tug of war with itself.
And only being able to use a line a minute to make a Micro-Macro image.
You need to be patient and pay attention. But don't jump to conclusions too early, there will be times where the price makes S-shaped fakeouts.
Even oddly squared channels. But hopefully this way of thinking and viewing the market helps out anyone who needs it.
I hope you guys enjoy my thought process with how I try to paint an image or describe a story.
I always find life and the things in them happen for a reason, and giving it a story helps me follow along with less stress.
Have a good day everyone.
Yorum:
Yorum:
Yorum:
Disclaimer: I personally prefer to use Heikin Ashi candles. It smoothes out majority of the volatility and allow us to better gauge how strong a certain move down or push up will be by maintaining its color till it begins to slow down,
This helps you catch when the move is losing momentum, as it begins to shorten and even hover over an area. I use that as a potentially important area of support/ resistance for the future. Also an area you a can place a partial profit off your position, depending on what makes you comfortable.
This helps you catch when the move is losing momentum, as it begins to shorten and even hover over an area. I use that as a potentially important area of support/ resistance for the future. Also an area you a can place a partial profit off your position, depending on what makes you comfortable.
