GLOBEX swinging wide.

HC time

895 wouldn't surprise me, though...

quote:

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Originally posted by mreiserer

bounce and roll to 888.50 at best

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Here you go, as an ABCD to boot. But it really needs a bigger bounce to get ready for more downside.

894 would be great for a beautiful TD, but I just don't see it

look how it's struggling.

881= major lower // and 447

right at ML here

look at Euro go off

Euro exploding on the tick chart.

Funny, I didn't refresh and posted that, and then saw you already posted it well before I did.

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.