Don't be so obtuse. THIS HAS NOTHING TO DO WITH LOGIC OR WHETHER THE MARKET IS IRRATIONAL OR OTHERWISE. What the piker is saying is that he himself belongs to the lucky 1%, whereas you and me are clearly in the other 99%. The idiot should be dragged out and flogged.
So what I've decided to do is just answer my own question...its really the only way. Just have to study break behavior myself and decide what's best. Thanks for the help everyone. Ive worked my way through several of the suggestions and have benefited.
Sounds like you're not happy with the answers. I too had some trouble trading on Friday. The range you see below tripped me up and I fumbled pretty badly. What would you have done? Let's also not forget that oftentimes you wouldn't know it's a chop until it's well over.
you are not dumb market is designed to fool you. patterns can fail and reverse or seemingly fail and morph into a larger pattern of the same type. THIS IS EXTREMELY difficult to understand and manage . took me a decade so it is a process of learning . swing trading require a lot of management and in 5 min it needs a hell of alot more than 15 min and you have only 5 min to decide. and you are trading one min and 5 min and then coming saying HELP HELP trading is simple ..simple to make money or lose. but to know why it happens is complicated. and that is what troubles novices and either you take time and trouble to learn or do it simplemelike way. but as he says THAT TOO did not work and he lost i can exp[alin it any number of times like brooks does. explanations take time need time. today i have a criminal case hearing so ...
Compare the two charts... It's also worth noting that you wouldn't have known at the time that would turn out to be a range.