I would like to short this, but if it runs through 1700 it is quite likely to run 20 or 30 points up even if it did then retrace and stoprun 1700 and plunge.
[qimg]http://clip2net.com/clip/m0/1375287630-clip-41kb.png[/qimg]
patience required, and take them on demo.
which is
exactly, what it did, it didn't go as high as I thought it might, but it did retrace, then stoprun 1700 again, and drop. thus far, pretty bang on eh? foresaw the possibility of a further fakeout up, that would most likely come back again?
There is another clue here to the sharp eyed, a while back in another thread I explained how it is unusual or "unnatural" to see more than 5 or 6 blue or red in a row, and how it becomes exponentially more unusual to see 7, then 8 etc. please count the number of blue bars up into the final highs, and the matching number of reds back down.
that, is "unnatural market action" defined. if you combine it with "enhanced" spreads (on forex anyway) and you think you are at the top of a defined cycle, the probability is, that you going to be right.
Can you get in safely without being robbed? ..is another question entirely. "The Perfect Entry" - I didnt take it, but the perfect entry is defined as the exact place to take the trade at the beginning of the push, where it immediately runs into profit and you never have to sit in negative float waiting for it to go, or watching your stoploss.
here's one you Americans might be more interested in, Apple. Am sure lots of you own this one way and another.
[qimg]http://clip2net.com/clip/m0/1375282806-clip-18kb.png[/qimg]
just looking today for the first time, and lo, it's a short
[qimg]http://clip2net.com/clip/m0/1375283352-clip-28kb.png[/qimg]
no surprises as yet, but also might be early and the wrong side of another stoprun yet too.
there was a mild surprise here, I was on the wrong side of another few days distribution at higher prices and stopped. not exactly rare for your first ever demo trade on something though lol. and I am perenially too early.
ideal target where it gapped up from at least, let's see. I would expect it to bash up and down in that triangle on the monthly chart for maybe a while longer yet (a few bars, so months)
the second one however, is going a bit better. moving forwards after the basing up and down resolves, these are the probabilities, IMO
and this is what's going on inside that tiny, tiny monthly pin. just very much business as usual.
edit. clarification on Apple Trade. it is of course not a given that the price continues down, and this is really where the disputed term otherwise known as manipulation comes in, because unless we see that, at an expected point or higher, nobody is taking that second trade, because it could be about to do one of three other things:
a) run up, hit my stoploss at zero and then roll over and plunge
b) stop run the floor hard and reverse up into 3 upwards cycles
c) surge up "inexplicably" - or it could gap past my stoploss at zero from here and steal my money anyway.
anything can always happen, but the probability over time, is that after push 1 from a reversal top, comes two and three.
that's what we are trading, probability, and only with exact entries signaled by the dirty word.
so as ever, everybody is free to believe what they want to, but these are the facts. from monthly macro charts to 1 minute charts, the same 3 push cycle is running. whether your brain allows you to process the visual input signals correctly to perceive this, does not change the facts.