Yep, each bar waits for a confirmation of another...but there are points where the probabilities lean in one direction or another, and a trade could be taken.
I am not pointing them out right now....because I want the readers to start to see "what the chart is saying about itself", for themselves (and hopefully begin to comment on them, so I know we are getting somewhere....). It is no good if I just say exactly what will happen in the future, all the time, because no one will learn anything....
Trading (including money management), and chart reading, are two completely different subjects, of roughly equal size (very big, and quite complex).
We will probably look into some trading mechanics, once most who are following this thread have a reasonable understanding of the 'chart reading' side of things.
If I try to do both chart reading and trading at once it will probably become really messy and confusing....and I already use most of the space on a chart to just explain a few bars.
And to be honest this thread started out as a Wyckoff style chart reading thread.......not an actual trading thread, no matter what the title says...
cheers
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