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Pardon my ignorance but what is surfing ? Is that trading parlance ?

Of course 78 when you look at it is the mainstay of activity. I was focused on the attempts to break 80, would that still be valid?

Here is an example of the FTSE at the moment. I have got the range as 560 to 600 Have I got this wrong ? should this be spit in two as traders seem to be gathered in the separate midpoints

Thanks Db, I'll be adding this to my notes. I see how that works because I would have pegged the current range as 90 down to 60. However you are right, price has clustered around 80...

Something else I only noticed or discovered recently if you like. The importance of drawing the range from the previous day. After drawing that range, then looking back at previous days. Low and behold we can be in a multi day range. This is a simple and primary way of discovering...

I see what you mean about this being a small range, especially when comparing it to the range between 3145 and 3060. Many more opportunities. I must pay closer attention to the ranges as well as the behaviour of buyers and sellers. Thanks

Thanks Db, I see that range now you have defined it. I will try and include ranges that I think are in play in the pre market observations. Just eyeing the chart now, do you think this is part of the bigger range back down to 60-62, with 74 as a midpoint ? Is this on the cards ?

Sorry forgot to attach chart for part 1. It wont let me add it if I edit the post.

Part 2 Observations - First 90 Minutes 6. Price now follows through on all this weakness and drops out of the hinge. A small charge back up is made by buyers but is quickly rejeted, a low high is made and it resumes its downward trajectory. 7. But sellers now have to contend with the...

My observations for the NQ this morning in 2 parts. Comments welcome. Part 1 Context and Premarket 1. NQ Drifted down from yesterday's high down to the midpoint of yesterday's range. 2. Buyers stepped up at this midpoint to push the price up 3 points, followed by a reaction. 3...

Thanks Db, I will avoid looking for entries and just observe what I see unfolding. Although its quite a hard psychological habit to break considering we were taught to look for "setups." Could you give me a brief outline of the road map from here.? How long should I carry on this task.? Is...

Hi Db, Thanks for this thread and the many others you've sponsored. I've decided to take the plunge and follow your prescribed instruction to observe the market with intent. Without looking for "setups" in real time. Please find attached a chart of the FTSE from this morning and my...

Ha seems to be working now, must be 6 posts for anyone interested

Help, when can I contribute something to this thread (or site) without having to wait an age before anyone can see it???

Should one always view the market with this kind of narrative ?

Hi DB, Thanks for this thread. I've got a question with regard to price bouncing around at a support or resistance level for an extended period of time. In the past you have said price was trying to penetrate a resistance level for 18 hours, if it was going to push through it would have...