Had to re-do my post, trouble with the attachment. -- Quick look at the morning. Getting fairly comfortable with spotting a clean trade or two with a very obvious LOLR. I can definitely see potential to expand into consistently capturing a greater percentage of price movement in a given session, but it would probably only become necessary for me to put effort into that if I began to run out of liquidity. Still a millennium or two away from that, haha.
at 10:19 we had a higher low so I was observing only places to go long, then at 11:04 we had a lower high so I was observing supply line to look for shorts now since 11:30 we had another higher low so I would be only observing the demand lines and a retracement to look for longs
agree we have been in a trading range between 3331-3337 since about 11:50 cst but still demand and supply lines to observe
After reviewing the day I am not so sure about the 3rd and 4th trades as I was in the chop, although they were not losers I think the fact that price made a LH below the bottom of the premarket range and just after making a HL after 10:00 was an indication. Now if I don't take the third trade I don´t have a way to take the short on the plunge as the RET occurs before the bottom of the range is broken