A different view. It's easy to see strong support and resistance on this chart.
The horizontal lines are cup rims. Where they congregate you will meet buyers and sellers.
When the PX comes down to a green Buy the Dip area and bounces I buy back a Pawn and start a new Pawn for a King trade. Typically, I will only buy it back if I get a minimum 200-point pullback.
Today I bought back several Pawns in the indicated area and pocketed $$$. I'm still holding several in case the PX goes lower. I also pocketed $$$ from the Breakout aspect of A Pawn for a King trade plan.
This is how it works -when it bounces, above the high of the bounce I sell one Pawn and Buy two Kings. Whether the PX goes up or down I will profit. As a bonus, I also pocket $$$ from BTD trades and Pivot trades.
I nearly always have several A Pawn for a King trades going on. Today I started a new one @ 12:50:35. Using a 2/1 ratio, I bought 2 @ 24840 and sold 1 @ 24839.5. Using a 19.5-point profit target, I had 7 profit-taking trades. (I also had 15 additional profit-takers earlier in the day, all from A Pawn for a King trade plan.)
The PX pulled back and I started a 2nd Pawn for a King trade. I sold 1 @ 24759.5 @ 14:43:41 and bot 2 @ 24760 @ 14:43:42. Using the same 19.5-point profit-taker I pocketed 4 more. .5 points above each profit-taker I buy 2 more. I climb the profit-ladder all the while having a Pawn to buy back. I try to get a 200-point pullback and bounce before buying back a Pawn. Sometimes I get more. Sometimes less (but not much less).
I hope all this detail doesn't make it sound complicated. It's not. It is very simple. Demo trade it and see for yourself.
For these trade plans view my prior published ideas. Make them yours. Demo trade them. Get good at them.
It's a very simple, profitable plan.
My mind glazes over when I write numbers. Hope I wrote them all correctly. If I flubbed, forgive me.
The horizontal lines are cup rims. Where they congregate you will meet buyers and sellers.
When the PX comes down to a green Buy the Dip area and bounces I buy back a Pawn and start a new Pawn for a King trade. Typically, I will only buy it back if I get a minimum 200-point pullback.
Today I bought back several Pawns in the indicated area and pocketed $$$. I'm still holding several in case the PX goes lower. I also pocketed $$$ from the Breakout aspect of A Pawn for a King trade plan.
This is how it works -when it bounces, above the high of the bounce I sell one Pawn and Buy two Kings. Whether the PX goes up or down I will profit. As a bonus, I also pocket $$$ from BTD trades and Pivot trades.
I nearly always have several A Pawn for a King trades going on. Today I started a new one @ 12:50:35. Using a 2/1 ratio, I bought 2 @ 24840 and sold 1 @ 24839.5. Using a 19.5-point profit target, I had 7 profit-taking trades. (I also had 15 additional profit-takers earlier in the day, all from A Pawn for a King trade plan.)
The PX pulled back and I started a 2nd Pawn for a King trade. I sold 1 @ 24759.5 @ 14:43:41 and bot 2 @ 24760 @ 14:43:42. Using the same 19.5-point profit-taker I pocketed 4 more. .5 points above each profit-taker I buy 2 more. I climb the profit-ladder all the while having a Pawn to buy back. I try to get a 200-point pullback and bounce before buying back a Pawn. Sometimes I get more. Sometimes less (but not much less).
I hope all this detail doesn't make it sound complicated. It's not. It is very simple. Demo trade it and see for yourself.
For these trade plans view my prior published ideas. Make them yours. Demo trade them. Get good at them.
It's a very simple, profitable plan.
My mind glazes over when I write numbers. Hope I wrote them all correctly. If I flubbed, forgive me.
Nota
If you put a Fibonacci sequence on this chart you will find that it aligns with the cup rims. Amazing - the order we find everywhere about us - even on our charts which show the actions of thousands of traders from all over the world, all working independently and coming together as one on a beautiful chart. Nota
10.17.2025; 05:52:00Just cashed in 3 Pawns for mega profits and started a new Pawn for a King set @ 24520 2 Kings and 1 Pawn @ 24519.50
Nota
Not the prettiest bounce ever seen but it is a bounce with volume at a strong support. Have already hit one profit-taker.If it goes lower and bounces I will start a new Pawn/King set always in a 2/1 ratio. Still have 1 Pawn to cash in.
Nota
I hope your trading fingers are all limbered up, warmed up and on the field. Nota
On a 5m chart we've got a W with the right leg lower than the left leg. I think they work better when the left leg is lower. I don't have data to back that up. It's just anecdotal. Does anyone know of data that backs this up or refutes it?On a 15m chart we have 3 exhaustion candles and what I call a Whitetail- the 04:15 candle with a long tail and a good-sized white body on strong support.
This bounce looks legitimate, but the Market reserves the right to go lower.
Nota
10.17.2025; 06:57:0015m chart beautiful S-curve forming.
Nota
Beautiful. Absolutely beautiful. Will it close above the wicks and keep going?Nota
10.17.2025; 07:02:00It closed higher and I now have four 19.5 point profit-takers in my pocket.
Nota
10.17.; 07:28:00I'm eying a reach to ~24865, a pullback to ~ 24780, a bounce and then I start another Pawn for a King trade, 2/1 ratio.
We'll see.
Nota
I'm getting out the pom poms now and cheering you on. If you got in with me @ 24520 - let's say you bot two Kings and sold one Pawn - you would now have had ten 19.5-point profit-takers in your pocket. Sure, you'd have one Pawn dragging on those profits, but, hey, profit is profit, and you have the security of buying back that Pawn should the PX nosedive.If the PX keeps rising and you get another pullback and bounce you start another Pawn for a King trade in a 2/1 ratio. And so on.
Soon you will have a train with several engines, many cars and numerous Pawns.
Nota
You'll be up front with your elbow out the window, your engineers cap on and a smile on your face as you roll along the tracks with a growing payload of Pawns and Kings.Nota
The only stops you'll make will be to take on more payload. You'll grab profits like brass rings on a merry-go-round.Nota
10.25.; 08:45:00There is a BTD area from 24865 - 24780. I'm waiting for it to punch through that zone, pullback and bounce before starting another Pawn for a King trade. Maybe it will happen, maybe it won't. We'll see.
Fourteen 19.5 profit-takers in my pocket from that 24520 entry of 2 Kings and one Pawn @ 05:48:23.
Nota
Even considering a new set of Pawn and Kings with a pullback and bounce @ 24625.Nota
This chart looks like it is ready to pop @ the 09:30:00 NY open
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.