Pay Me Later? Glossary of Terms

General Discussion
#1

Looking at the chart models and see a Pay Me Later level? Does anyone know what this means? Any other terms not listed on the Frequently Used Terms area I should watch out for? First day so I haven’t checked YouTube or other sites or areas here for How To videos. Thanks.

#3

“Pay me now or pay me later” is a common phrase. It means pretty much what it says. In Jim’s work, he uses it when referring to price action attacking retest levels or speed lines most commonly. An example with AMC is when the melt-up he was expecting in June had a “wet blanket” thrown over top of it, stopping it from attacking a speed line. In Jim’s model, these lines MUST be hit. With the example of a speed line, the longer they hold the price from attacking the line, the bigger the move becomes.

Pay me now. Or pay me later.

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