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Thanks Niko

My plan says yes. A bounce at the midpoint through the SL and a retrace, so yes I would enter here.

Thanks Db, I'll try and be more precise in future.

Worthy of an entry ?

OK I see, this one ?. (Weekly) So this will act as more of a magnet to the larger time frame traders?

Sorry... 60 minutes

For better or worse I'm out now.

This one ?

And now

My entry today, SL broken and bounce at 14. Entered at the pull back. Now monitoring DL's. Currently banging against the upper channel but so far no break of DL.

OK got it, were just sticking to lines for now.

Isn't that a midpoint though, and we avoid trading at midpoints? Extremes are where we look for trades?

Buyers have been in the ascendancy up until this point. However 3200 is an important level, as evidenced by the fact that it has acted as support previously and is now causing uncertainty for both buyers and sellers, hence a hinge has formed here. At this point we may see either a...

Thanks Gringo, You are right, I looked again and this is indeed the midpoint of a range going back to the overnight session.

Something else I've noticed while observing price, is the way sellers and buyers push price through the same potential support/resistance. In this example there are clues to their relative strengths. I noticed while watching it real time and sure enough buyers pushed price back up. This...

Excellent, I'll be watching your thread. Have you put yourself through the first stage that Db recommends ? All the best.

That wiki entry makes funny reading, I think I like him already.

Thanks DB, will incorporate some of this and Gringos comments in my notes. I have a clearer understanding now than I had yesterday. I think its safe to saw avoid midpoints for the time being.

Thank You Redneck