That the last swing high of the current up move wasn't breached - nature of the trend is still up.
Right around a previous swing point (4185), but below the 50% area. Price couldn't hold past the 50% area.
The importance of holding above the previous swing point is that, the general nature of the trend is still up. In this example, I was using the...
The following bar is a pause, but two bars after it illustrates more of a 'failure' to retain that price level. Price didn't advance further.
Per the suggestion of Db to not exclude the overnight action, I've reviewed it using 15 minute bars (rather than 1 minute bars) as the behavior is...
Alright - I'll review and make note of what transpired.
You mean the overnight action?
This morning was another interesting session to watch. Overnight, the market had been steadily climbing and breached the 1/12 swing high at 11AM....
I was doing a lot of reading yesterday and didn't post my chart commentary. As I mentioned in my response to Gringo, the down move wasn't a huge...
Thanks for your post, Gringo. I'm working on trying to see the signs and signals that the market provides and not be surprised when price hangs...
One more… [ATTACH]
More practice/review. [ATTACH] [ATTACH]
Another day and seeing the movement of price so differently. [ATTACH] [ATTACH]
I didn't do so well on Friday and some of the posts by Db caused me to take a step back and realize that since I took quite a bit of time off, I...
Sierra Charts
So I'm back at it. The first step was figuring out a plan/set of rules for me. As I alluded to in a previous post, I might be limiting myself,...
Not 40D, but in my charting software, it's just called "close line." We tend to most often see the candlesticks or OLHC, but I recall Db...
So it may have seemed that I came back into the fray only to leave again. Well, I've been doing work outside of the ET audience. It's certainly...
kp - I know you gave a lengthy response as to why trading in sim just won't put the same kind of pressure on you as live trading, but I really...
Not trying to pile on here, but is there any reason you didn't take a few days, a week, a month to test out your rules in SIM and see how they...
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