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Market Geometry is a lie?
Pretty well done with trading for another run, time for the annual summer vacation. Thot I wud drop a thread on geometry and see if there is any P&L-ers out there.
Feel free to call me an ass, full of sh*t...etc etc.
I have looked into some trading ideas over the years and have found this one to be useful.
At this time of the year b4 holidays I get bored and welcome anyone of the same mind to jump in.
Anyway here goes.
I will set up some levels for tomoorows trading later this evening.
But for now I thot I wud drop a chart or 2 and a brief explanation of said charts.
TL1 Chart:
Identifies where the YM wud hit the Weekly pldot refresh area for a possible trade.
TL2 Chart:
Identifies an exhaust into an extreme(blue) 13,200 for a short to envelope bottom(gold) 12,960, where it exhausts(blue)... IF pldot(cyan), did NOT poosh up. It did NOT as you got no C wave(a close above the red upper envelope top)
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