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Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods
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 Post subject: March 26th Thursday 2009 - Hang Seng HSI Futures
PostPosted: Fri Mar 27, 2009 9:07 am 
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 3453
Location: Canada
Price Action of the Day

Hang Seng HSI Futures
5min chart

The opening gap setup this particular WRB price action to become a key change in supply and demand as described in tutorial chapter 3.
The resistance gets further confirmed by other WRB's being followed by long shadows and small intervals...

All representing declining volatility along with confirming the WRB Resistance Zone as a price congestion area as the market changes from demand to supply.

Simply, WRB S/R Zones can be very dynamic...they can identify trend reversals, trend continuations or congestions.


Note: The "price action of the day" is just a simple trading tip (not an entry signal) that correlates with some of the concepts being taught in the strategies (VTR, STR, APAOR or AJCTR) and WRB Analysis Tutorials.

Simply, the purpose for this trading tip is to encourage questions by those that have a sincere interest in purchasing education materials to learn advance trading concepts and advance understanding of the price action.

Further, if you're already a fee-base not join this discussion forum. Instead, if you have questions about this trading a link to this message post at your private forum for fee-based clients and I'll respond at your forum.

M.A. Perry

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