Support and Resistance Trading Forum

Re: Sugar Rally
By:Shifu the ONE NOW
Date: 5/8/2010, 9:45 pm
In Response To: Re: Sugar Rally (Erich)

For those who are price chart trading interested:

Seeing (visually) to understanding and to truly know, price "fractal" up and down swing flow/s and the count of them, will clearly show up as price swing flow top and bottom reversal "pattern formations" (swing tops and swing bottoms) in a chart.

As some do know, that small size patterns, make up the medium size patterns and medium size patterns make up the large size price patterns.

"IT" is the small size price fractal reversal patterns, that we focus on and trade off of. Because they possess the price's key pivot point area, price flow changing zones and the price's reversal key points. Offering a super low risk loss trade, with a greater potential profit size gain "market trade positioning" ... senario/condition. As the trade's timing is everything.

And will give you the carefully and focused sharp eye observer, the true Res. (ceiling) and Sup. (floor) "levels or points" (price follow continuation or the opposite bounce).

Meaning a Res. or Sup. level can "hold" (price rt bounce) or "fail to hold" (price flow continuation). Also understood by most traders as a price breakout "continuation" OR a no break out reversal "bounce". They say, I got trade whipsawed. I got trade stopped out. Which is a so commonly heard happening and trade complains and cries of a trade unhappiness result.

The basic price "flow reversal patterns", are only made (constructed) of one, two or three price bars.

This is so critically important, in Seeing to Know what is actually happening in a price chart. To See "IT" Early and Get Trade "in" Early BEFORE, "IT" actually happens. The trade entry point is executed near or at a price Sup. or a price Res. point. So a true determination and the identification of these key Res. and Sup. " price points", are so paramount.

I call them trading "in" the sweet pots or trading "in" the zone.

Meaning a trade entry "position" (timing), that offers a low risk loss tight trades, that also have a real potential of a larger forward price swing gain.

Sorry imo, having a trade risk reward senario ratio of just only 1 risk:1 reward... just won't cut "IT", in this trading risk and profit business.

Would you risk a known $500, to make a future unknown reward of $500?

I myself certainly, would not go for that "poor deal"... percentage wise.

I prefer to have a trade set up condition ratio of 1:3 or higher. But that is me and my trading way.

Do not complain about my trading price chart posts, because "YOU" do not understand true price fractal action charting behavior... to trade by and is either self frustrated, is self lost or is self jealous.

The above post is my own trade fractal price chart analysis methodology, in sharing what ... I Clearly See Know and Do.

Shifu the ONE NOW.

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