Thanks for all the insightful educational articles Alex. Eagerly waiting for your detailed article on Swing Low SL and breakout candle Low Of Day (LOD) SL.
Hi, Alex, sorry, newbie here. I found your articles very good and easy to follow. But in this one, I simply do not understand why $8.18 is a pivot in your last chart, the one with the failed pivot. It means that candle should be the last LH and then be followed by a HL, if I understood the concept correctly. I do Could you please explain it a bit to me? What point is considered the HL? Thanks.
Hey there! glad you like the articles :) This is a pivot because if you look closely and maybe it would be easier on a 65m chart for example, that you get a swing high on that 8.18$ candle high while the price is still in the DTL. The HL is then formed if you look the overall price action with the HH of the initial breakout, and then the HL is the failed 8.18$ candle high. put a DTL between the 2 "tops" and you'll see more clearly on the daily chart. Such a bum that we can't put chart in here loll. That's the kind of things that I explain in the Discord too. cheers!
Thanks for all the insightful educational articles Alex. Eagerly waiting for your detailed article on Swing Low SL and breakout candle Low Of Day (LOD) SL.
Hi, Alex, sorry, newbie here. I found your articles very good and easy to follow. But in this one, I simply do not understand why $8.18 is a pivot in your last chart, the one with the failed pivot. It means that candle should be the last LH and then be followed by a HL, if I understood the concept correctly. I do Could you please explain it a bit to me? What point is considered the HL? Thanks.
Hey there! glad you like the articles :) This is a pivot because if you look closely and maybe it would be easier on a 65m chart for example, that you get a swing high on that 8.18$ candle high while the price is still in the DTL. The HL is then formed if you look the overall price action with the HH of the initial breakout, and then the HL is the failed 8.18$ candle high. put a DTL between the 2 "tops" and you'll see more clearly on the daily chart. Such a bum that we can't put chart in here loll. That's the kind of things that I explain in the Discord too. cheers!
Thank you for the quick reply. Indeed on 65m chart I see more clearly both the LH and the HL. I need to keep exercising studying charts.
Chart reading is an ESSENTIAL skill to learn in swing trading :)
Thank you for the article. This is what I have been trying to mastering this year; executions and cut losses quickly.
That's the Holy Grail! 😊
Amazing thanks Alex !!
👊
Do you recommend H1 given current market conditions