The Foresight Thread

I'm not sure what your getting at except that the range highlighted in red held no support.

 

The 1310 bar that dropped 10pts in one minute, through 80.

And where did we reverse? 72.

 

Yes, I see that! So this morning's run up was sold into by "big money", thus creating a lot of trapped buyers. The 13:10 bar drop was caused by the trapped buyers puking longs. Is that what you are getting at?

 

No need to think that much. 80+/- was the postulated halfway level of the advance. When price plunged through it so hard and so fast, that confirmed the thesis.

Ditto 72.

This is what Auction Market Theory is all about, and how one profits from an understanding of it. That the "experienced" traders "lol" about it speaks volumes about their "experience".

AMT represents a well of profit. To ignore it is not wise.

 

Still not getting what your trying to say. What thesis?

 

The thesis that 80 was/would be important.

 

Still don't understand why it is important other that what I have said?

 

Do you plan your trades in advance?

 

yes, as I showed earlier.

 

You mapped halfway levels. What was your trading plan for the day with regard to those levels?