Yes Its a short for me. I have the TICKQ divergence which confirms my opinion. Managing these entries is the next phase because price can stay in that range if it wants to.
Well yes... that is a juicy reason actually and I kinda answered my own question when I typed it up too... LOL. I took a short below that bar... held for only ticks though!
I wouldn't get caught long I'd wait for 51/52 to be retested after the breakout if i was to go long at all.
Sounds like a sensible thing to do.... I clearly wanted to live dangerously today! LOL Gosh.. as I'm going through my trades today with a 5 sec chart, its just all so obvious. My god... we just broke 72.... wonder what is causing all of this buying at this hour.
It is all very easy to see in hindsight. In real time, taking today as an example, you were selling short when I was covering my short position and starting a long. I even posted as much right here. And after I posted "long here look at the levels," you tried another short. Now, I don't mean you should have followed me into the trade. But given how price acted yesterday and then this morning at that level, it should have given you some pause on the shorts, imo. You're "seeing" reversals in the middle of nowhere, as though all price activity is random, with no real appreciation for the tendency of the market to move from level to level. But you will only develop that appreciation if you were to stop gambling and take sometime to watch and learn. To continue, when price finally did reach the next level at 45, which was on the RTH charts I've posted the least few days, including before today's open, and price finally did indicate a short might be worth a try, it is then that you finally threw in the towel on the short side and bought, not long after I had closed my long and deciding I had had enough for today. Right now, hope, imo, may be your worst enemy, after yourself. And to repeat, every chart seems easy in hindsight.
I wasn't following my journal in real time so I for sure didn't have this helping hand. Its true that in hindsight charts it all looks easy, but I gotta tell you, as I'm doing my analysis right now, the same things keep popping up in reference to the price action at these levels. I do actually have a huge appreciation for the levels... its why I keep pushing forward because I can see it really works, but my downfall so far has been about what to do around that level. What you have shown me in the past few days is really opening my eyes... so hopefully I can run with this in real time as well. I think you're right in that hope and myself are the two worst enemies... but I know both can be solved. I am shocked to learn this about myself, but you know, going live and learning this about myself is still a positive experience. I just have to make sure to get past this before any more serious damage is done. I'm sure that my life experiences haven't prepared me nearly as well for this trading game and so it might be more work for me to overcome these psychology barriers than perhaps for others... but the payoff is worth the work, and once again... I very much appreciate your help!