Advanced trading lessons - page 11
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now remember!!
remember earlier when i said: when a spinning top closes on you time frame that is
a trap on a lower time frame.
those traps are N or W's. that's it.
so when finding knowing what freq. your trap is on (that's money in the bank.)
we will get to that part later.
for now v patterns traps.
trendchangetrader's hay my friend how are you?
ok lets look at this last shot again only edited'
ok in down trend the n pattern the first swing starts against the trend.
in a W pattern the first swing starts with the trend.
trendchangetrader's Avatar trendchangetrader
i hope that makes things clearer to you? let me know.
if not we will look at it from another angle!
cool
good to talk to ya. i will be back in a few. have to take a break.
there is also the backwords z
the back words z is a positive pin bar in a downtrend, i was saving that till after
the v pattern so we will get to that soon.
the N - W - V- and Z
that's all of them.
learning the patterns is impotent.
knowing what freq. or time frame they are going to occur on is impotent.
ok break time.
the back words z is a positive pin bar in a downtrend, i was saving that till after
the v pattern so we will get to that soon.
the N - W - V- and Z
that's all of them.
learning the patterns is impotent.
knowing what freq. or time frame they are going to occur on is impotent.
ok break time.don't understand
xx i will do this
i am gong to do this:
i am going to hand drawn diagrams so every one is clear.
this will help. it may take time but i must make this clear.
xx. try this
the z formation is backwards, rather then call it a back words N. or back words z
i just call in z that way it's easy to remember and say.
this shot is identifying the price action inside spinning tops. this is impotent.
next we will look at the V pattern spinning top.
note
note: the backwards z , or z can be bearish also, but majority bullish.
the other two can be either way at any time. bullish or bearish, the formation
is what counts.
xx
i hope this more clear?