same,market ebbs and flows,doesnt move in a straight line,how much money would gs or jpm make if it did,they get 300pts(erroneous number) out of 100 with all the back and forth,customer keeps the 100
Due to your limited style of directional trading you would do much better during bearish seasonality.
with market profile or tl's it works better on the way up as you have a map on the pullbacks as targets to close shorts were recently drawn in
what are the indicators that you use called? i see you circle a small spot.. this is a volume indicator.. and you expect back fills or something?
i've pointed this out to you a couple of times in the past note the cleavage,nip ledge areas on chart,,,if we are near one of those heading in that direction,chances are it will touch,usually a stop or stall,sometimes a reverse sometimes continues thru,based on momentum,wider the nip in relation to rest of chart,better chance of a reverse,temporary or large,depends on the rest of the markets Attachment: 2011-08-10-tos_charts.png mp notes.png This has been downloaded 168 time(s).