Thanks, I think I just need to be hit over the head with things. If in doubt let the pair ride out out till I see a revers and can get my count going againf451 wrote:first off - the level counting is guide -sometimes the trend is too strong for a reversal, so there might be 4 or 5 or move days of push. Typically there are three pushes, but that's only typically. if you can't see the levels, move on to another chart where you can.
This one still bugs me. I can see the hunts on 15M, and they do often happen at end of Asia, start of London. But I still question why that one push is a stop hunt and not a push. Oh well, I'm a young hunter, hopefully it will come to me.f451 wrote:on higher timeframe charts stop hunts can and do last for days - on a 15M chart the stop hunt is probably around 4 to 8 bars. it depends on how big a position fox needs to accumulate or offload.
It does once you say that a higher high (the gap close) "resets" the count. Nice! Thanksf451 wrote:I've marked up your chart with my understanding of the level count - I think the three push idea actually hold here - at least that's my interpretation
Guess I was thinking about holding a long term position for all 3 levels, maybe, I should save the advanced trades for later.f451 wrote:with regards to returning to previous price levels - that will happen, and I don't think you can plan for it - I would just move on to another pair and trade something more obvious.
