Posted by: joetradingplace | April 24, 2015

Price and Time

This is something I use very often and it helps me to read price. Look at the chart below, notice how it took buyers 1 day (blue box) to move price from low to high…notice that sellers managed to move price the same distance as buyers…but it took sellers more than 3-4 days (purple box) to do it. I am always looking for these setups..its a gauge that shows me who is stronger in the market even when price is in a range. In this instance you can see that buyers were more aggressive, also notice that when price was moving down, it was so compressed…and usually yu know that when buyers jump in the move will be quick…as you can see. You remember i took the long on this pair..thats was my thought process when i took the trade. I like these scenarios because they are easy to notice and price moves quickly for you if you time them right. Hope this little technic will help you in reading price.

Screen Shot 2015-04-24 at 13.12.28

Screen Shot 2015-04-20 at 22.13.21

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