Breakout Trading - Smart Play or Fool's Game?

Here Ya go Sir

FB - 240 min chart

I'll not insult your's..., or anyone's intelligence by forecasting

We'll see what happens

RN

 

A different perspective for Redneck.

 

And here's the last range on the 240 built off volume

RN

 

Not a different AD..., it all the same PA

Just another aspect to factor in

I don't have a bias either way

Thank You Sir

RN

 

As it should be, no line or confluence of lines is ever-infallible.

 

infallible = certainty = fools game

This is trading

RN

 

Here's a follow up to the last chart I posted yesterday

Breached the diagonal (actually opened below the TL and never attempted to go back above it) and breached horizontal it was in




Trading was a lot more work today than what this particular chart reflects - I'll post why next

RN

 

You just repeated what I said.

 

Below are the 5 & 1 min charts respectively

Today was one rangy ass day (most ranges I marked - and yes most of the ones I marked were after the fact)

I did this only to draw attention to the ranges..., and the subsequent BOs / FBOs

Fact is..., price made em

Our job; identify / pick up on these real time - create / implement trade plans accordingly

or not..., I guess

========================

Today wore my ass out

RN

 

Same 240 FB chart - did adjust the yellow horizontal lines a bit to marry up to the range rectangle

Price - it go down...., then it come back up

Wonder if yesterday a FBO

We'll see

RN