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If fear is a big issue, then the 50% levels aren't going to be relevant because you're not going to be using them. You will instead exit at the break of every line. If you entered where you entered for whatever reason, you'd exit at the break of the supply line at 0930. You'd then go long on the...

If you want to call that a box, there is no reason for you to trade a reversal at the top since at that time you have no idea what price is going to do. And the only reason for you to trade a reversal at the bottom is the test of 77. Therefore, if you want to define this as a box in real...

Just so there's no kerfuffle tomorrow morning, I should point out that I trade NQ, not CL, and have done so for years (those who've read my stuff know that). And I rarely trade past 1100. Nor do I engage in much "chat".

Price never reaches 02 again after 0807, so I have no idea what you're referring to. There are no boxes in this timeframe that are more than a few minutes duration, unless you have a very liberal definition of "box".

As for explaining using a chart, what one does depends on whether or not he's learning how to see. If you're learning how to see, you must track every imbalance between supply and demand. And while this will look cluttered in hindsight, it will not in real time. Either way, it's a necessary...

It is more accurately BO. I do sometimes buy BO instead of waiting for PB when i feel price may move very fast and even though there will be PB i feel most likely PB will be not reach my stop. Then you're not following your plan. If you need to modify your plan to include all this, you're...

There is no pullback in the second bar. You appear to be buying the BO itself. 0630 up acc to your time axis. And they are not swings in a trading range; they are higher highs and higher lows. If you can't hold through large swings, then trade trend and countertrend until the incursions...

Trading pullbacks after breakouts is fine, but price has to be breaking out of something. You have to define what that something is. I don't see a range here. I see an uptrend from 0630 to 1000. If you had been trading that instead and had been able to tolerate the deep incursions of each swing...

No one's stopping you. Let us know when you have it set up.

What is your trading plan?

Thank you for keeping us in the loop. Now about the spam . . . :)

"CMT" is not ringing a bell but that may be feeble-mindedness on my part. But as for Edwards and Magee, that can mess you up, especially if you're reading an edition that came out after Bassetti got hold of it. If you're really interested in this stuff, I suggest you set the E&M aside and get...

With regard to this post I made in the Ghost thread yesterday, given the magnitude of the trend channel and the price moves and that the thickness of the trendlines themselves can be worth more than a few points, coming within 19pts of the "target" may have to be enough. The end result of...

You can use the 50% levels, but remember that they are there as a measure of strength or weakness, not as yes/no indicators. For example, if price rises and breaches the 50% level then falls back below, that's as much a failure as if it had never breached the level in the first place. If you...

Funny. That's exactly the point I was trying to make in chat today.

I offer that as well, but hardly anyone partakes of it because they think it's a trick :)

Particularly on a day when practically everybody is trading in the wrong direction, a statement like this rings like a Chinese gong.

Another failed trader adopting the role of troll.

Again the chart I posted yesterday. We appear to be on our way to the 3450 area (anywhere from there to 3435), though not necessarily today. Two consecutive days of freefall in the same direction is unusual, but not unprecedented. Incidentally, for the trolls, I posted this two hours ago in...

Half the NQ leaders are weak and half strong, so that's null. OTOH, the up pressure in both the NQ and ES are for now intact. We'll see what happens during the next hour.