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WHAT are the setup components? I can see the dc dot shift and
ttm reverse - 2 right side indicator only components. I don't
see a price line setup - nor is there mex flow on a retrace
into the trade. Further considerations: look at the size of
the buy swing AND your yellow dot trade would be right at
trailing support for that trade. I showed the dark blue
line-dark blue circle as the momentum extreme and higher low
at the point - that is my current hold area for the last
trailing contract.
IF the blue line-blue dot had occurred - I would have done
that trade as a reverse - trading into/through the first break
of the blue line AND the dark blue line. I would consider that
trade as a swing failure after the pmd. In this case - the
trailing contract is still open at the last bar of the chart.
Something else to consider when you are studying your examples
AND thinking about the various trade offs - how many times is
the trade entry that 'shouldn't' be done - still available BUT
as a 2nd break? The situation then becomes - the first break
AND the typical loss is avoided BUT the same price is
available as break2 AND that break becomes a winning trade. |
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after the yellow dot sell - the area of the lower high into
the break becomes the center-focus line AND a key price to
break and then shift back to support to keep the buy 'going'
The eventual short was a break of the line AND then retrace to
a lower high with mex flowing down - the trade entered on the
next break of the blue line AND into the triple diagonal break
at the 2 dark blue dots - this is the breakout potential of
the area the gave me the swing-failure setup after the pmd. IF
still flat the next setup that isn't that isn't a breakout
chase - would be the retrace-reject of the blue line - yellow
line matched price break2 at the blue dot. |
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WHAT are the setup components? I can see the dc dot shift and
ttm reverse - 2 right side indicator only components. To this
I could add that the pmd is at support AND this would be the
resumption of the left side buy. Do note that when I mentioned
the pmd reverse trade winners AND pointed out what I felt you
would find that they had in common - that wasn't to suggest
that those were method setups after a pmd - this still isn't a
pmd-swing reverse setup.
IF the blue line-blue dot had occurred - I would have done
that trade as a reverse. Again note - I am showing what I
would view as a pmd-swing reverse setup that would be
available at the same price BUT this didn't occur and the pmd
failed - continuing the sell. In this specific case - I have a
trailing short that was still held. |
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the swing high wasn't a pmd BUT IF it was - the sell could be
the same trade if the price movement was the same. The dark
blue line is the key to shift to support for the buy. Note the
price action at that line at the blue line: hit1 retrace to
lower AND back to the line with ttm reverse - hit2 retrace to
another lower high WITH a dc dot shift AND with mex flow down.
When this trade is done - the entry is through a setup price
line AND a triple break setup.
The sell gets p1 and a reduce p2 as a response to the pmd at
support - the trailing contract remained open. After the
pmd-ttm reverse rejects the area of the sell break - there is
a momentum resumption AND the blue line break becomes a
pmd-failure WHICH is a continuation setup to our method AND in
this case - is also a matched price failure which became done
as an addon.
blue dot sell: IF the red dot sell isn't done - this is the
first continuation setup.
yellow dot sell: IF you have never entered this swing AND/OR
are considering an addon - this is not a trade setup - you
will be selling a support breakout into the pmd. |
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