Or the buy signal it shows at noon ? What good is a indicator if it is not reliable ? Coulda woulda shoulda means nothing in this business. What it comes down to is do you have the balls to pull the trigger and take your shot when the opportunity tilts the probability in your favor. In the end price is all you need. Once you realize this and focus on the underlying and not the derivative you will find your trading will improve greatly.
Fear of T BOYZ and their documented perpensity to kick a shorts @ss last couple hours of the day. Strength from LOD and momentum through near term res. (To me)
Good question, but that is advanced stuff. In short, because there was no trend established before that.
I am VERY glad it is 'advanced stuff'...too rich for me!!! To the 'unadvanced' it looks like selective calls /notions.... To each his own... Good luck if you trade it live... NiN
sh 13,offer 14,15 tues lower nip and 20 pnt pullback in djt rally...edit add 16 yesterdays high...17..avg 15
Pek, with all due respect... why did you ignore other top and bottoms of the W%R??? is there another condition you apply on top of it hitting extremes??? thanks.
I actually did answer NiN's same question. Because there has to be a trend first. Now technically the 11:15 long would have been a valid entry too... You can use the Williams in 2 ways: 1. On sideways/ consolidation days you can pretty much just take every extreme hits. Of course the trick is, who knows in advance if it is going to be a sideway day? 2. In trends (and that's when first you have to wait for a trend) you use it for pullbacks and timing your entry WITH the trend...