Thanks both of you for your help I think that I am trying to trade every little move and I need to just trade with trend until I get confirmation and maybe some more experience!
I have a question since we were in an obvious uptrend around 1216cst we made a higher low and it failed and then at 1232 we make a lower low but this trade was good for about 6-8 points in real time how can you tell the difference?
I'm not a counter trend trader but I want to know if I'm reading the price action correctly. At
139 CDT the nq made a double bottom at 3057 then rallied for 12 points is this considered a buy or not because we did not break a supply line?
forty and dp thanks for all of your help hopefully I can still ask questions! Dp your book is turning into the best $30 I've ever spent I love the section on supply line and demand line it's all starting to make sense!
So when price broke down out of the hinge this morning then reversed and started back up towards its highs at what point do you reverse and go long if you shorted the break out of the hinge?