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Lest it goes unsaid, 40D made a real time call, explained it and executed it.

DB, would you now expand that range down to 94.75?

Sounds like the calls I would get from a subscription day trading service I subscribed to years ago. End of day he was always ahead. :)

Something I have become very cognizant of in myself, is that when I start to think "It looks like it wants to........ or "This is a good place for it to......., etc. I am usually wrong. Trading what I think rather than what I see has been a big thing for me to undo.

Ouch!

And what are the BB and MACD telling you now?

Hitch, It really was not a "call". Whether or not it was "actionable" depends on your plan. FWIW.

If you mean the pre-opening range, I get it. The rectangle extended into the regular trading hours, which is what threw me.

DB, On the "yesterday's range" rectangle, you have excluded the highs made in the afternoon. What is the reason for this? Thanks in advance.

Well, actually DB, I am on the edge of my seat. My etf trade is still short and now looking for a place to add. Very much appreciate this thread as well as the others

Buy1Sell2, you have made numerous comments which I presume are somehow indicative of a trading methodology from which the casual reader would infer that you trade profitably. Your constant post seem to suggest that you want to share. Why don't you start your own thread and step by step layout...

Did you base it on the bo of the range on the 60 min. or on a ret on a smaller time frame?

The midnight shift :)

Gringo, Does this look reasonable to you. We have a bounce off of a hinge mid point and a hit on the demand line which is also a pullback to the trendline that was broken. Seems like this is a lower risk area for establishing a long position. Please delete if not appropriate for your thread.

If it were not for the big egos, self serving opinions, intolerance and self righteousness, ET would be a pretty good place.

Just to be clear, those were my after the fact readings, not real money trades. I am just refining my act, but glad I am not too far off. Pulling from DB, you and others. Also, Please feel free to delete any of my postings if they clog or detract from your thread intentions. No need to reply.

40D This is my reading of today's story. Starting with the daily, then hourly. Look anything like your trading?

40D, I have to complement you on the simplicity, directness and common sense contained in your post. No doubt, this accounts for your friend's quick entry into profitable trading. Thanks, BMW

DB, I hope this is the appropriate journal for this question. In studying overnight market action, I find that I am asking myself this question, which I have not been able to answer. "In determining a range from the overnight action until the next day regular trading open, is there a portion...

Thank you sir, I missed that post somewhere I guess.