thanks. you seem to be right but what told you? - no secrets just what you feel you can share... does too deep refer to something like volume profile ...?
I'm no wizard, but usually you have to take out stops and make a higher high or lower low to get the steam to take out the other side of the range. The bulls may have puked here as their solid effort was for naught.
thanks.. so because the upward push ran out of steam (before running the the high stops) it was a red flag to exit?
we are in a big downtrend now, so that plays a factor too...just have to pay attention..i have sucked tonight as i keep gettin out just before a big move....i always exit at SR levels....i will hold my short now until we make new lows.
I certainly agree about the downtrend. I am looking for a push up and failure to short against. I missed the start of the multiday downtrend so that's where an up day against the trend - would be right for me.
We had that pushup and failure, if your time frame is shorter. Sounds like it might be longer. Wish I had the patience for that. Some day
Yes much longer. Many days I go without trading. I am looking for a high early in the day with a 15+pt fall for the multiday entry -so as to have some wind to my back. For intraday I must see 6 pts profit potential on the trade and that means a minimum 12pt, but really 15pt est range for the day. As today only had a 13.50 pt est range - and now looking like a chop-slop day,so perhaps less or the move at day's end -- it is not on my list. -- thanks for sharing your thoughts - going to close it off for today..
wow...these cute little lunchtime bulls and their "excessive exuberance" shorting again here at 85 irrational exuberance...sorry