If you understand why we turned under 1515 and why Spectre says 1440 and why 1404 is still open target and why any longs could travel to 1560-90 then you understand how big boys operate. Remember who cares what cause price gaps, it's understanding why they are filled that will take you to a whole new level of trading.
thanx apex, its just a projection of probabilities..similar to price patterns, there are real world event patterns that have implied projections..
[Quote from wave: Fear & Greed patterns will never change. The commercials feed off the small fish. The fish(supply) feeds the sharks (demand). The shark fins become easy to spot after many years of looking for them. Wyckoff and even Livermore were experts at spotting the shark fins. -------------------------------------------------------------------------------- There is a lot less to trading than meets the eye, eh?
By the way this is a quote from Adam Trader book written by the great Welles Wilder. He (Jim Sloman) is engaged in a discussion with a trader who is not named who actually made the quote, so true.
Look back on this thread under upthrusts, thrusts, and gaps (filled and unfilled). They appear regularly on intraday, daily, and even weekly charts. It has been said that 95% or more traders are losers. A look at an intraday chart verifies that truth. You can actually see the losers lose. When you see that happen, you want to get ready to take the other side.
I understand your trying to help. My post was aimed at the poster and his method of communication. If your gonna help, help. If not, then don't. I am no newb, but many are and posts like his, stink of shit.
Proximo - If you've got $5000, 25,000, 50,000, 500,000 you can play the retail guy and make money. When you have to move 500 million -1 billion you can't play those retail size account games anymore. Understand