Is this some sort of dog-and-pony show that you take on the road, repeating it over and over again? You need some new material.
Follow up to this mornings chart, price did continue to trade lower and did it in what I thought was very orderly and easy to read PA. Granted I'm not live, but watching the market for the last two weeks, intentionally not thinking of entries and exits has helped me see price in a new way. I feel self conscious saying this but for someone who's struggled for as long as I have, I feel like I've found the "missing piece". On the flip side I really won't know this isn't all fantasy until I trade live. Right now I'm afraid I'm going to wake up tomorrow and find out I've been deluding myself once again. I'll deal with that tomorrow, tonight I will study, as opposed to reading, which I confused with studying but now thanks to FD and DP I know better LOL. 1.price was making LLs and LHs on the 60 min chart, the OVR was lower than yesterdays daily range. I'm not sure why I thought price was going to continue to trade lower its not anything I've tested, anyway at the open SL brk and LH with a RET or for the right tickers the 9:35 bar while it made a marginal HH it also made a LL this was followed by another bar with a LH and a LL if you look at the sequence of opens and closes (leaving the bar out of it) selling pressure was obvious. 2.RET after LLs have to sell weakness. 3. I wasn't sure 4342 would act as support being from Nov. but there was some buying (short covering?) price traded as high as 64 before SL brk and LH
3-11 premarket price took a rest at 4328.50 it wouldn't be unreasonable to see some short covering, MP at 4375 price trading below 28 implies lower prices we have a SL brk and RET on the 60 min though price looks sluggish at this time. Anything can happen and usually does, the market teaches us how to fail and I was a good student for a long time.
Note that you have HHs and HLs, and the key is the LSH at 50. If you were in, that might be what you've chosen as an exit trigger. You would then have to look at opportunities to re-enter. But of course you've thought all that out in advance.
You would do well to just use the RTH charts. The bars pre-market are just that--they're pre-market. They have very little or nothing to do with what happens during RTH.
I'm not sure what happened today , felt pretty stoked this am just didn't SEE anything happening till it was to late ...... I'm going to do some replay
yesterday impressed on me the importance of a written plan, I am using the SLA/AMT protocol but how I implement it is mine. This will be done this weekend, today on the daily chart price appears to be sitting on lateral support I have the mean of the TC at 4256 some 67 points away. Looking at the 4 hr one can see LHs and LLs and price is trading below 23.50 which I pegged as the lower end of a mushy zone of support from the Nov highs and the top of the TR that followed. Dropping to the 60 min price is trading in a range from 23.50-14.50. the TR is to small for me to trade so I will wait for BO followed by RET. good trading to all
earlier this am 30-40 were the levels I was watching but traders have since tested 26 so at the open it looks like 26 -40 the 60 min levels are 04-48
I think I'm going to take a break from posting just for a short time , there are other things I need to work on thanks for everyones help I will be back!! lol