Heh, just noticed that price bounced off the exact MP of the channel posted this morning. Still kind of cool how events like that re-occur so often.
Those of you who are getting lost in the price movement, I would recommend to revert back to sticking with only supply and demand lines. Once you have mastered that and are able to see price with a demand and supply line perspective, then move back to paying attention to support/resistance, overnight low/high, opening low/high etc. There no point in getting frustrated. Any time confusion sets in just revert back to the basics. Soon your reverting back will take less and less time to get your bearing back. You'll naturally know what to do when a signal comes, and will more likely to be calm enough to start scouting for more complex price behaviour. Gringo
There's always the option of moving back to the Bride thread. In many ways, the Bride, Son, and original threads are much like the stages of rehab.
Today was a good day if one was fast enough with exits, in face of the range bound context. The thing is how to be able to switch from trend mentality (hold it as much as you can) to TR mentality (exit as fast as you can at the first sign of S/R). Multiple contracts, could be the answer. The great thing is that so far most of the thread followers including myself can spot the proper entries, weather it makes money is a matter of the exit, but at least you are not at the intersection wondering which way to take.
Ok, here is the day. The main error, did not follow the drill. Both shorts were taken AFTER the line was broken. the longs worked just fine even the second one with the 2,5 adverse excursion did not hit LSL. before going to look for buyers at the top if the TR that by that time had turned into a TC.
Compiled a few of your posts to make them easier to discuss. We can clearly see that the open quickly smashed through the pre-open climb upwards. However, it hit a wall around 81, which is kind of the middle of nowhere, at least in the bigger scheme of things. We could say it found support at the same level that a lot of the overnight congestion occurred at. The first thing to note, imo, is that it rebounded immediately without getting sucked in. Seems like an indication of a retest of the pre-open high at the very least, perhaps even the overnight high. I remember skimming over your post briefly and disagreeing that 81-87 is a chop area. There is a clear failure of sellers to travel lower, and price heads up almost in a straight line after that. There aren't even any inside bars on the 1m. 9:34 briefly touches the 50% mark of the tiny movement so far, and continues upward. You note again that there are overlapping bars, but I don't think this is too much of a concern, considering they are continuing to move in a single direction with little fluctuation. Perhaps a little slower than we might like, but I didn't perceive much ambiguity. If you move out to a slightly larger time-frame maybe the up-move from there will look less like chop to you. There is a clear entry at 8:41 using the line method if you're seeing a failed BO attempt of the few day's channel at 89 instead of a return to chop, and a second chance at 8:43 as well. SL gets up a little before 9:45 I think. SL eventually gets broken like you said, and I see that you got the long off the retest of the pre-market low after having opted not to take the initial rejection. Price can't even make it back to opening high, signaling some weakness, but stalls slightly before dropping. Unfortunately this is where I was feeling a little uncertain of the price action especially since it looked to be holding at 83 for a period of time, well above the 50% mark of the climb, and right in the middle of the opening scuttle too, exited the short on a lack of weakness rather than a sign of strength, which is a common mistake of mine. I wasn't watching at the time, but the failure to continue past 86 at ~9:45 was also a pretty obvious short signal.