GLOBEX swinging wide.
MR
mreiserer
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I'd love it if they sent this back up for a 4pt, but then you'd have to take some heat...
TO
tomo
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Posts: 238
It is nice read m and jim. But sometimes I am lost .. I do not have even half the lines you both see on the chart :) But really good stuff. Jim I hope you can sometimes make those post facto setups as this helped a lot to see later what you see real time :) I shorted today in the morning as I saw ABCD on 5 min chart. But I was ready to short anyway and this ABCD only added conviction. But the rest you talk about is sometimes a mistery :)
thank you jim and M once again.
thank you jim and M once again.
JI
jimkane
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That might be a substantial HL there. The primary area is still in play.
MR
mreiserer
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Posts: 2,220
quote:
Originally posted by jimkane
Nasty, mean bulls. They just won't quit :-)
you mean: f!#ing drones!
MR
mreiserer
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welcome, Tomo. I am still making way too many mistakes, mostly due to lack of focus. It's really hard.
MR
mreiserer
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Posts: 2,220
if they send this back up to complete the ABCD we'd also see the 4pt completion
MR
mreiserer
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Posts: 2,220
I understand what you're saying, T.
I guess my comment was referring to traded timeframe and management.
If one were to trade this as a DT at a key line and 447 the traded timeframe should be a 120min chart.
Based on that it produced three minor bars that, imo, are inconclusive either way.
I didn't take the trade because just a trigger off the PTA wasn't good enough for me. For a daytrade I wanted to see a nice Wave 2 type pullback to get in (which it ultimately still might produce on the traded timeframe). It didn't give me that so I stood aside.
I guess my point is that I have often mismanaged trades in the past because I got caught up on lower timeframes where everything is magnified. while I find it important to see what goes on there and it has helped me understand price action better I have also found it misleading at times.
Like you said, you have the experience to tell the difference on a lower timeframe.
For me it's a work in progress.
I guess my comment was referring to traded timeframe and management.
If one were to trade this as a DT at a key line and 447 the traded timeframe should be a 120min chart.
Based on that it produced three minor bars that, imo, are inconclusive either way.
I didn't take the trade because just a trigger off the PTA wasn't good enough for me. For a daytrade I wanted to see a nice Wave 2 type pullback to get in (which it ultimately still might produce on the traded timeframe). It didn't give me that so I stood aside.
I guess my point is that I have often mismanaged trades in the past because I got caught up on lower timeframes where everything is magnified. while I find it important to see what goes on there and it has helped me understand price action better I have also found it misleading at times.
Like you said, you have the experience to tell the difference on a lower timeframe.
For me it's a work in progress.