Market Price Action Context? What to Look For, How to Decipher

[arjfca 10]

Hello

 

I was reading an old post (#5) from user wrbtrader http://www.traderslaboratory.com/forums/volume-spread-analysis/1480-wide-range-bodies-big-candles.html One line struck my attention when he was commenting about the usage of Japanese candlestick

As mentioned many times by me at another forum in a thread called Trading Hammers (revisited)...don't use Japanese Candlestick patterns or anything else (including WRBs) without understanding the price action in context.

 

Not applying a setup in a proper price action context......

 

Ha!!! that could be a good reason for my mix result. I'm applying my setup, sure they are there at every profitable move, but also there with a lot of false one. I just never taken in account the market price action context

 

With that said, How do I decode, understand, comments, Price Action Context .

 

That is the question...

 

Martin