L 4423 Gonna try to hold for a decent move. Maybe 50 points or so. We appear to be on the verge of a large breakout
market is frothy, all it takes is a minor negative to cause a hefty sell response, only bagged 35 points in the last two day, should be interesting.
it's cool. I've posted 135 points profit in the last week or 2 haha. Been a nice run. I feel safe providing we don't hav another 9/11 or something to take them points back from me. No dip is gonna be THAT big without a massive reason, and any dip we get should put in a V shape rally and make new highs
I looked up some of your past posts. You look like a no BS price action guy with years of experience. Any advice from an experienced PA follower to someone like I looking to become more adept in said subject?
algo changed the fine tick tick intimations. Lot more noise in the tick movements, so you have to look at pattern recognition in larger timeframes. Tick to tick movements, you could read the emotions and intent.
macro themes are important also, to put the pattern recognition into context. You need to follow multiple markets.
Interesting and makes sense. This is good to know as tick charts is what I trade off of. For me it is repeat pattern recognition within the correct market context / structure (and there are many) that offers the higher % trade opportunities.