Could explain intuitive trading a bit more? Would the expression common sense trading capture the same thing? I like intuitive better than common sense because it is short(i)er and also because profitable common sense trading might not be that common.
by intuitive i mean something that is hard to write out on a piece of paper. for example, today i looked at chart1, chart2, indicator2 and indicator4 and decided to trade in the particular market direction. tomorrow maybe i will look at chart3 and indicator2 and will ignore the other charts and indicators. maybe i can easily write down what chart3 and indicator2 tell me, but it is harder to explain why i focused on these two this time. but i think it is still possible to explain every step in the thought process, it may just take time and effort. so intuitive trading is not some voodoo. basically, i have no clue what i am talking about - this is exactly what intuitive trading is all about IMHO.
what's expected when a major resistance level is tested multiple times in a reasonably short period of time? whenever/if the level breaks, is it expected to be a really nasty breakdown? it is quite interesting that this major level has been tested 4 times in the last two months.
Well most don't consider a close 0.04, or whatever, below 88 significant. That is why everyone is silent. We are still waiting for 88 to be breached for real, and that means a close significantly below, not just a point or two. Surely we will eventually close well below 88 as the market works to complete a right shoulder of an inverted head and shoulders pattern so typical of bottoms. But who knows? You can't make too much of this weeks rise because this is options expiration week.