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A reminder that the market doesn't give a damn about your lines. What it does care about is swing highs and lows. So the swing low just after 1100 matters more than the apex of the hinge.

ES is too much of an anchor.

http://www.elitetrader.com/et/index.php?threads/trading-the-sla-amt-intraday.289624/page-2#post-4086460

Lajax is going to love all these hinges.

A retracement this deep into the previous ret is not a plus.

This is what's called "grind".

With regard to that DB, you may want to save this because it shows the difference in quality between a climax and a secondary reaction. The volume isn't all that important.

RET confirmed. Next hurdle is 64. If nothing else, 48 is confirmed as something important.

I'll bet. Be careful about rushing back into trading.

Don't hope. Focus on price.

Ret getting a little long in the tooth.

No. But if the NQ isn't moving as expected, I try to find out why. The first suspect is the ES. After that come AAPL etc.

This is where a retracement can become a reversal.

Possibly making a swing low.

The apex of a hinge isn't exactly a barrier like an extreme, but it does represent an inflection point since it is that level which represents equilibrium. If and when you pass through it, the dynamic changes. The place to enter, of course, is the DB. If trying to enter at the apex, be prepared...

ES finally moving.

That earlier move is the kind of excitement you want to see when you initiate a trade. If you don't, be extremely careful.

Compare the current test of 48 with the earlier one.

Yes.

DB But not much excitement.