Had 85-86 as solid support and just working the dips to long side. If we trade below that I'll look for shorts.
i see that. But isn't YHOD solid resistance? why work dips to long side, but not peaks to short side in a down trend??
It looks like aapl might trade back down to 377. I was watching Fast money yesterday and one of the guys was saying to just buy at the open... what an idiot.
Well if I was just looking at the intraday chart then I might be in the short camp, but I put more weight on the 60min and daily chart.
YHOD is not depicted on your daily chart?? From the open to 10:30am is a huge 60 min red bar. Yet you fade it? Trying to scalp a couple points off daily charts is doomed to failure, imo.
Yea if I scalped for a few points off the daily charts I'd be dead. But I actually trade off the intraday and fast charts. I use intraday, 60 min, and daily charts for areas of S/R as well as the market's bias. But I put more weight on the larger time frames. And yes I do use prev HOD/LOD on my intraday charts, but I do not pay much attention to individual bars or candlesticks.