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TonyC
Rep: 99
Posts: 471
GLOBEX swinging wide.

MR
mreiserer
Rep: 110
Posts: 2,220
watch IWM here
JI
jimkane
Rep: 3,058
Posts: 33,089
The price action here is extremely weak so far. No robot drones like I'd expect. They may come any second, but the area didn't trigger them, which is curious.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, TF at new LOD already.
MR
mreiserer
Rep: 110
Posts: 2,220
interesting IWM flushes and ES still holding steady
JI
jimkane
Rep: 3,058
Posts: 33,089
The most important point so far to me is, this is the first time we've had a dip and they don't come in like crazy for it automatically. We may have our intermediate top.
MR
mreiserer
Rep: 110
Posts: 2,220
there must be a slew of stops right here somewhere
JI
jimkane
Rep: 3,058
Posts: 33,089
We are now deep in the primary area. Let's see if this activates the manipulation ramper robot drones... (MRRD's?, a new term?)
JI
jimkane
Rep: 3,058
Posts: 33,089
876 is a gap fill.
JI
jimkane
Rep: 3,058
Posts: 33,089
The drones just have to hit this... If they don't, it's a total sea change.
MR
mreiserer
Rep: 110
Posts: 2,220
well, I don't trust them and I'd be shocked if they didn't do their thing
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.