yes, 45 was a decent level, also a breakout test of the last H2 on my 5 min chart but the 1st BO of a CH often fails, I call that setup a 1CHBO bears probably S the 62% fib of that CH from the HOD (high of day) nevertheless, the PB to 47.75 broke the CH by taking out two LHs and bulls B the 2nd failed BO of the low of the bear CH
yes the 43.5 was also crucial level, but 45 i had been tagging it since 12:08 today and that's where the major tug happened and was anybodies game around noon, where bears did put up a major fight. So i was hoping that the bulls would put up a show of force around that area later when price reversed from 49.00. but 43.50 turned to be major bull buying. all these are just my opinions formed during the trading day today and have no major proofs of either being a support or resistance from the past. So it is just good for short term and works for me, only. ha ha
all learned from Cad, the guy from that blog 43.50 maybe a tick or two below is where a bull swing trader would have his stop going below 43.75 breaks the bull trend and puts us in TR context and another reason to B 43.xx is the 50% PB of the last swing (hindsight though) on strong days bulls just add on the 1st trend break also we got another CH up from there What made you having 45 (12:08) on your radar so soon?
You know ... I caught both those shorts and the reversal ... covered the second short and went long at 32.75/33 ... not my best but it worked just fine. I put your three charts up tonight across my top row of monitors and I'd bet you and I are generally in the market at the same time and in the same direction - for example, I got long around 13:10 at 2944 and I see that your 1500 tick also was signalling long. I assume that per your quote above that if the higher interval chart is giving a long and you are in a short based on the faster chart that you'd typically close the short and take the long, and vice versa ... correct?
Generally I wait for the first one to either gain, lose or BE as I use targets and then look for the opposite direction should it setup. And yes I've noticed we often enter close to the same area. Most "calls" I ignore as they make no sense.
You are so FOS!!! An excuse for everything! Some calls are intraday, some are outtraday, some are wishful thinking, no spreadsheet or records to summarize, no one knows what calls are what, pat yourself on the back constantly when you make a couple of dollars but never acknowledge your huge dumb trades which are countless. As for an ability to read the market you are wrong so many times it sheer stupidity. There's a dozen people climbing all over this thread making calls and you claim this is the best journal on the intraweb, well its certainly not from your smoke & mirrors trading. And then everyday.... "I'm off to play 18 holes". LMAO!!!