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The 1st day of the last 3 year's ranges were 23, 31, and 36. In each case the following day was a consolidation day. With yesterday's range BARELY 10, do you think today we'll even reach 10?

Everyone has a different time frame. Ammo's call looks pretty good to me, and since when is a broken support trendline not a decent bet for resistance on re-test? (referring to ammo's chart, corresponding to the channel top on this one.)

I hope so. These ridiculous 2-tick 5min bars are driving me nuts.

I didn't mean that as an answer to your question, just a caution about your first comment. :)

YM reversing here unless 10am data kills it.

Good start with failure of p/d high.

How many years have you been trading this system, and does it ever involve averaging down?

Gotcha. I guess I misunderstood your first post ... thought you meant "buy at the top" = "buy the HOD". I found it funny that although Uvol/Dvol, A/D, etc. indicated strong trending ALL DAY, the real trend was essentially over after the first hour. Many thanks for your insightful posts.

Thanks LC. I understand the first part ... not sure I get why they need to wait for 1% higher to buy, or why 1% higher "forces" them to buy THERE.

To me "forced to buy at the top" implies stops being hit and/or margin calls. For those mentioned above, I would've thought they'd be buying at the open today.

There is a better answer than mine, I'm sure. I'm all ears. :confused:

Edit: that should be "LOD", not "EOD"

Thursday's EOD shorters with a 20pt stop? ... don't know anyone who might have been inclined to do that, other than maybe B1S2 ... (j/k B1S2, you're the man):)

Also top TL on daily...

2day R-20?

Very eye-opening post, zboy. Good find.

Nice chart krtrader. A question ... assuming your strategy is trading the inside bar breakout in the direction of the trend, would you have bought the breakout of the solid i.b. preceding your "Fakey"? ... stop and reverse on the downside B.O. on the next bar?

Dow cash trying to make 2-day H&S; SPX intraday double top @ re-test of the big 50% fibo 1121.

Noticed it, didn't pull the trigger. Instead went long YM below 85.

If I'm not mistaken, ammo has been at this for decades. I assume he's not still employing net losing strategies, which is why I for one solicit and appreciate his comments.