Interesting approach to tracing trendlines. What technique do you use for that?
See Looks like mean reversion. I will look into that.
One question for oil traders. Why did it stop at 36 today, I was trying to understand that level as Support, but I just can't find a reason. Some...
So you consider that if you have volume increases in the upwaves within the congestion area you are in accumulation, but if you have that volume...
Could you tell it was accumulation or distribution before the break out based on volume analysis or you realized it was accumulation because it...
I was looking at today´s price action and although there were enough R levels to justify taking the short, I am not sure if it is prudent given...
Thanks
Thanks for the insight, not currently looking at treasuries.
Yesterday, the day ended up turning into a congestion. It all started with an uptrend at the open, that breached R at 98 and 99 and kept on going...
Yesterday, Prices had more levels to deal with, at first there was an attempt to form an uptrend that was followed by a LH/HL and finally a break...
This was two days ago, as we hit S after the open with a downtrend, the path was down, but prices reversed fast over the last swing high, meaning...
And here is Friday, again Horizontal S/R Levels are enough as filters to take and manage the trades. Price risk is something that will be needed...
I gave it a try again today. I waited until S at 2969 was broken and took the first Short, this one was stopped out, so I waited either for a long...
[ATTACH] I have been observing the behavior of ES around Previous Days Lows and Highs, I definitely I can see how these levels provide supply and...
Hey NQ, couldn't be here during this week, thanks for the take on CL, this is what I see in hindsight. And none of this I saw in real time,...
Finally, 1,25 pts below my expected R I got a Trend break and a LH so I closed. All comments are welcome. [ATTACH]
I feel comfortable using any interval I have tested enough with a written trading plan, so that is not really an issue. As I said I am trying to...
Thanks I will then include the range extremes in my observations. Will look into this as well. I use 1 Min, as I always do. I currently trade...
Now taking into account the 2 levels that were "hit" today (from the previous post), how do you take into consideration those turning points in...
Ok , so just to be clear. If we are looking for S/R Levels at the extremes of RTH H and L for the last couple of days. Would these be the levels...
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