Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
After that divergent high on the daily, a complex correction is not surprising.
Non-valid example, because without fuel engine will not run. Volume does of course move price, but in which direction? One moment volume is driving price higher, next moment and it's driving price lower. To me, looking at volume for directional clues has never worked, saying that I have never delved deep enough after having witnessed others that do come up with similar win/loss ratio as my own.
So why ovetcomplicate? I just look for price patterns + implementation of PRM.
This buy should carry us at least into the low 2280's
If we take out yesterdays lows, am more inclined to think it corrects into the 30s-40s.
Here is an example from this mornings price action on a 5 min chart. I will probally get a boatload of derision....
Bro, real-time calls please. Historical examples are not so evident, as real-time.
A second example happening this morning right after the first. If you see more than one set of footprints on the beach they might be pointing out the direction of the walk.
Looks great for upside now.
I just told you beforehand in post #550 that more selling was coming. Price was at MA and correlated with vol it indicated more selling coming. That was statement was made 38 minutes ago before this present selling took place. Are you reading my posts? This was good for a 3 point scalp. It was a gift but narry a person took it as in the dark corners of their minds mockery and derision were reigning supreme.
wrong ...more selling coming. At least for a scalp maybe more.
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