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TO
TonyC
Rep: 99
Posts: 471
GLOBEX swinging wide.

MR
mreiserer
Rep: 110
Posts: 2,220
flush now?
TO
TonyC
Rep: 99
Posts: 471
yes very weak..im out
TO
TonyC
Rep: 99
Posts: 471
no reason to fight the tape right now
MR
mreiserer
Rep: 110
Posts: 2,220
they may just try to postpone the decision at this key spot here...
MR
mreiserer
Rep: 110
Posts: 2,220
happy drones
MR
mreiserer
Rep: 110
Posts: 2,220
883.75, takers?
TO
TonyC
Rep: 99
Posts: 471
if they move it in the overnight, well, so be it. I'll take the next ride.
MR
mreiserer
Rep: 110
Posts: 2,220
they are certainly not giving up
JI
jimkane
Rep: 3,058
Posts: 33,089
I hope I didn't lean you towards closing that, T. I am just posting my thoughts out loud for everyone to ponder. You never can tell when they come in explosively. I'm just looking at that big weekly line, and thinking maybe the sea change has started for a bit to the downside.
MR
mreiserer
Rep: 110
Posts: 2,220
well, so far I am right with regards to dicking around in this range...
MR
mreiserer
Rep: 110
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.