A short transcript excerpt from a trading tutorial (YouTube) where the speaker describes a downtrend-focused price-action strategy: wait for price to move into the 50% retracement of a range and trade the subsequent move rather than trying to chase risky attempts that fight the overall downtrend. Emphasis is on entering at higher-probability levels and avoiding unnecessary risk by not trading counter-trend moves.
Price is tumbling. Yeah. All I want to see is price trade into 50% of the range here and then 50% of this range. Yeah. And all I want is this move right here. Because at that point, even though the trend is this is the trend, if this is going to continue to here, great. If it's not, it's most likely going to reverse from here. Yeah. Yeah. So all I need is this move right here. I don't need to trade from here to here because this is a risky move and I don't need to try and grab this because this is fighting the overall downtrend that we're currently in. Yeah. Yeah. So I only need to do that. So how do I do that? Right.
