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You sound a little defensive Frosty, why the chill? It's only ET, don't let it rattle you.

Dest does not suffer fools or fakes well, regardless of subject matter.

I've been trading full time since 2000 (although poorly for longer than needed) and a member of ET since 2003. Early on I was looking for ideas, directions and resources and in recent years mostly to contribute as most of what I've learned had been the hard way and if I can help others avoid...

True, this place is largely a waste of time with little to nothing to be gained.

I don't need to fix what ain't broke Mick :D

Where do these people come from? :confused:

No matter one's methodology, the best any of can have is an edge. As a day trader, the 20 ema helps me to define my edge. I can't tell the future, no one can but I do know given defined technical conditions what is more likely to happen. If someone has a better mouse trap or are better traders...

Mickey, I'm not sure why I still like you, guessing it's a character flaw on my part but your only "contributions" to these threads seem to be harsh criticism of technical tools of which you clearly don't understand the usage and referrals to your "secret sauce" (shhh, it's a secret). Carry on...

:D

Mickey, nobody is forcing you to use something you don't know how to use :D

:fistbump:

Yeah and it could be institutions were watching the level ;):D

Yep, the close tells the tale.

When you see a tail through a level like that, it suggests that algo's were firing off longs at the level. Of course you are free to interpret as you like.

We are all different and will all trade differently. It is up to each of us to discover what gives us a recognizable defined edge. Take anything you read with a healthy dose of skepticism (especially on ET). Always study and test any concept or tool before you try and use it.

:fistbump:

Don't know what to tell you

Daily 50% retrace bounce from March low to July high...also despite Mickey's skepticism, the 200 SMA