GLOBEX swinging wide.

Thanks M .. I thought context is down now :)

look at the daily chart

not even a lick here for 4pt, blasted right through

Sweet, M, they just overshot it a bit.

look at that flush. That is wild

quote:

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Originally posted by TonyC

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.

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Yes, T, this is what I have been referring to as the 'primary' area in today's posts. But I am wary of it...

well it's a B=D

my feeling is that they're just gonna dick around in this range for the rest of the day...

key spot here at schiff lower//

could setup for a flush here

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.