GLOBEX swinging wide.

885-86 area

loaded up on the calls. playing the DTabcd as it has triggered me in @82.

Jim, you still hanging tight with your short or already flipped?

who knows this may be it for short, but if price action says weak somewhere around here...

quote:

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Originally posted by mreiserer

if they send this back up to complete the ABCD we'd also see the 4pt completion

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M .. do you mind to give me points on 5 min chart for example?

check out the Schiff LOD to last high to 886 low

For Tomo, it's risky because it means your intent is to fade the higher context

the LOD hit the support TL of 4/1 Low- 4/22 low as it also hit the DT's 1.618ret, the lower// of my AB leg pattern set I mentionned yesterday , grouping at 880 area, SpikeLine, etc. All that weakness going into the area is obvious with the open down extension gap with run away price action. I'm liking the odds here.The risk size is visibly small from here.
Now I just manage the trade.

885.25 is my sweet spot

notice potential three drives into area..

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.