GLOBEX swinging wide.
JI
jimkane
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The set line is dead nuts. Most key set, too. If they weaken off it, and then burst up strong and over, it needs more (next bigger move set is the next spot I'm watching), and could run the rest of the day.
JI
jimkane
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And that's exactly what they did. Just under 90 is my next area. As soon as I see this isn't a headfake.
JI
jimkane
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Glad to see the bears haven't given up, as I am really hoping we have our intermediate top in place, right off the time factors I showed in the commentary.
JI
jimkane
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Okay, this is the spot they'd have to pick it back up for me to have any confidence the rampers can do anything more here. Otherwise I'll be wishing I had taken that short...
JI
jimkane
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quote:Kill the drones!!!
Originally posted by mreiserer
yeah, death to the drones
JI
jimkane
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roofer loves the drones, his work essentially picks up every last spot they hit, it seems.
MR
mreiserer
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quote:
Originally posted by jimkane
Okay, this is the spot they'd have to pick it back up for me to have any confidence the rampers can do anything more here. Otherwise I'll be wishing I had taken that short...
funny I just posted my reply without reading this
JI
jimkane
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Posts: 33,089
I actually can't say I hate them, as they move things around and give us plenty of opportunity, I only object when the drones are being funded with taxpayer dollars to push agendas that have nothing to do with free markets. Free market drones I have no issue with. Hence, when I say 'manipulation ramper robot drones' (MRRD's) I am referring to the tax dollar drones.
MR
mreiserer
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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.
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.