Nevertheless its been a good month so far and We have got weekend and month end together, so need to sumup few good things and time for learning has started once again.Holiday season is now gone and few panics in the currency worlds seems to be clearing up. So during the remaining time of the week and in the next week I would clear help you all to understand what is "Value" and How we trade value and I would clear all the important "Indicators" in determining the value and How we need to spot such opportunities and what is it importance in continuation and pause trends.
So, keep checking the blog from time to time till I update the blog with seem live charts and videos and help you defining the backbone of Price action with some good candles traps and setups.
As I have explained earlier in my blog about the value that value is the most important factor need to be considered in strong trends and rallies to the opposite direction are the biggest traps for fresh longs or new money to be introduced by strong holders. Recent example below is the biggest one for the trend to resume or the shift in Value as We have seen large consolidation followed by trap to the downside. As you see in the chart that there is no strong rallies to the downside and the one that has been was followed by even strong flow or attack by bulls.
You need to notice that after rejection price has move with no hesitation and this often happens with Shift as there are some strong movers that have come in and ready to move the price biggest way and consolidation prior was a strong set of "Accumulation" or example of buying with every rally to the downside.
You might notice that I have used bollinger bands and RSI in this chart which I hardly use in my Price Action strategy, but when it does help you and You use them to sort out the trade and has no hesitation then there you have every reason to use them. As You see in RSI price moved in the overbought conditions as that candle is very strong and moved out of Bollinger upper band when price moved from below and the candles is in itself a large candle and Price has moved out of bollinger upper band We should immediately buy the price with the move as this type of moves move price for atleast on the particular day(on hourly chat) when it happens.
