FLAG !!!!! Scoobydoo: Hi Harsh, In the green box you've marked, he's ust saying that i " didn't break the #revious im#ortant $eve$ %as A did& then the subseuent FL ormed (ou$dn't be as im#ortant) "asica$$y saying the most im#ortant FL's are the one's that occur right ater breaking the $ast im#ortant FL josh1125 *ery (e$$ ex#$ained scooby)))that's scooby)))that's exact$y (hat I got rom #edini's diagram) +nce you've mastered this sim#$e yet #o(eru$ diagram, you (ou$d be sur#rised ho( things rea$$y come together) together)
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If studied properly, you will come to a point where everything gyrating around FTR, Price engulfed important level and FTR becomes FL FTR overlaps each other become compression FL engulfed price retrace to FL becomes QM Pole and a drop and compression to FL become can can drive ! it another form of compression compression Thats the meaning IF say they are not pattern traders" Pattern trading is basic" #is wor$ is beyond that" http%&&www"fore'factory"c http%&&www"fore'f actory"com&showthread"php( om&showthread"php(t)*+-. t)*+-./0page)*/0page)*-
-)9ASI;+<+! 56="9I= SA FI= I> ?+>A ?+>A <= S< Ater you have gotten used to ;s, H@S, ect)) you may not see them as #atterns any more)) you might ust sim#$y see them as #u$$ back congurations) 5he #u$$ back being the HL or LH on ; or the right shou$der o H@S) Bhen #rice is reversing at the to#bottom it usua$$y has to #u$$ back because it is reacting to a $eve$ that o##oses the reversa$ and consumes it) 5hen due to this reaction, #rice has to #u$$ back to a $eve$ (here the buyers and se$$ers (i$$ continue the turn) 5his is either an S6 $eve$ or a S< $eve$)
=>G9LF: So I've been doing quite a bit of reading in the Engulf thread, and I'm going to spend some time combining concepts. In the following chart , I've marked zones, and engulfs of highs highs.. Just trying to identify the engulfs, and the origin of the engulfs. I've circled these engulf origins, which are the areas price should bounce at.
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> will $eep its definition of engulf up until ?&5 get engulfed, so trading the return to ? would still be on the table as long as it is respected""" I hope that@s not too confusing %blin$% http%&&readthemar$et"com&inde'"php&forum&homewo http%&&readthemar$et"com&inde' "php&forum&homewor$!rooms&r$!rooms&-/.!engulf!or /.!engulf!or!a!fa$eout(limitstart) !a!fa$eout(limitstart)
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I ust read the reuest and (ent straight to the charts to dra( u# the ans(er)
Sudden$y an a$arm started ringing in my mind, and I (as reminded o a chat I had the other day (ith a cou#$e o my o$dest trading riends) I had mentioned a conce#t, and one o them asked me to ex#$ain it) I kne( u$$ (e$$ that I had ex#$ained it beore, so (as taken aback to be asked about it as i it (ere a brand ne( idea) It (as an extreme$y im#ortant $esson, and one I thought (ou$d've been instinctive to everyone by no()
I got to thinking again that a $esson served u# on a si$ver #$atter in a ree (ebsite may indeed have $itt$e #erceived va$ue
So, beore I ans(er this reuest, I (ant you guys to (ork it out as best you can) In doing it, I (ant you to consider: F$agsEo$es F56 %actua$y the same as above& Su##ort6esistance Su##ort6esistance breaks %I ho#e you noticed by no( that F56 is the #recise science o this!& EA? %Same thing again!&
I you can tie a$$ o these things together (ith the engu$, you have the unied theory o market dynamics, and you'$$ be astonished at ho( sim#$e the market is to read) ou'$$ actua$$y be ab$e to boi$ it do(n to I , then
I do ho#e you a$$ have a go at doing this 0 It seems that the best $essons are the ones (e (ork out or ourse$ves A$$ the ino you need to get the ans(ers is a$ready here in the site 0 so go and #ut it together
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