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January 2023
context
context I see the word context banded about quite a bit at the moment. so i thought i'd try and give some .... errr .... context around it. when i think of context i think about the 'bigger picture'. as technical traders we all have our price patterns we look for to get us in (or indeed out) of the market. but without building a bigger picture of what's happening, you will more often than not get steam rolled. as an example, here looks a juicy setup on eurusd five minute timeframe. its already dropped quite a bit, so this is just a...
fractals
fractals this annoys me more than pips and ticks used incorrectly annoys trader dante. i have a bugbear with the way people incorrectly use the word fractal. they know the market contains fractals as they've read it at babypips or wherever, but they apply the name to something completely different. what makes this worse is that unbeknown to them, it probably is a fractal yet they are demonstrating something different; a repeating pattern. i'm not picking on anyone here, this is literally the first one that popped up when searching on twitter. they are using previous price action to determine what might happen in the...
