Anyway got a chat with rallyartist and exchange some ideas to blog it down;
1. Price consensus
basically price move in a trend in high volatility period until it develops into low volatility whereby a new trend (reversal or continuation may develop)
2. Time delay,
it naturally strikes me as being opposite the supposingly desired direction of the trade but rallyartist mention it may not be so.
3. z 2nd entry still can enter which is quite unique to me
4. Magnet trade( from bo yoder)
A strong moving average like 200MA will normally have the power to suck it up
5. Failed Technical setup
This strikes me more recently especially in event like what if formation fail, do we trade opposite technically
6. Reversal
Mon or Tues?
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1 comment:
Hmm.. some comments.
1. We've heard efficient market hypothesis that market discounts everything at all times. I believe instead that prices tend to move into and away from equilibriums (at which market discounts everything)
3. Is it? Seems a significant discount in edge by entering at 2nd signal.
4. My guess is having come near to 200MA, price must have broken key resistances/supports like 20, 50, 100, etc. That in itself is a trend and suggest likelihood of continuation?
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