This concept is key to my being here. I had a sudden insight several months ago that even my written setups were based on just guessing.
It seems the longterm short is about to be triggered. 66-67 if I got it right? Could also just stay in the range and/or develop a hinge... CouldaWouldaShoulda...
Are you expecting to short the first RET after the BO of the range? We are discussing the Range in the Son thread if you want to join. http://www.elitetrader.com/vb/showthread.php?s=&threadid=278341&perpage=6&pagenumber=175
Actually I don't have a high mastery of anything. But I do trade behavior rather than price movement (or "action" or whatever; price doesn't give a damn about nomenclature). This appears to be so unusual as to be almost unique. I have no idea why. As to simplifying and "slimming", that has largely to do with an ability to ignore anything that is extraneous, like currency fluctuations, economic reports, opinions, panics of one sort or another, and so forth. This appears to be related -- whether as cause or consequence -- to a heightened ability to detect bullshit. Where this came from I have no idea, but my first recollection of it is of my attending Sunday school at age five.
Ok, 10 minutes from the open and we are once again at 80!. Buyers rejected sellers at 70, lets see if they can hold the market all the way to 92-98.
I see price hovering between 80 and 82. This is the first thing to notice for me. Then 70 and 86 area.
I must add here that without a RET in my arsenal, I would have been chopped today. No RET, no entry! 9:39: Possible SL break? Or am I hallucinating.