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The above chart is NOT the only way to trade TR behavior. It is one technique: Fading the outer ranges and averaging down while fading. If a range is broad enough it will often have 2 or 3 legs as it moves to the top or bottom of the range. And in such a cases there will be other tradable PA...

Wash that gold away?

I suppose it could be said that way. But basically I am looking for opportunities to "fade" the edges of the ranges. Sometime I do pay attention to the MA's for entries. Like a second entry short L2 (low two) that may be based around the 20 EMA. Or a H2 (high two) long in the bottom of the range...

Fast and furious is a sign of TR behavior. Races to the top. Races to the bottom. Traders get excited about the race to the top and go long and get whipsawed out minutes later. Ditto for the bottom. However, they should get excited about races to the top to short and races to the bottom to go...

I have been to 5 family reunions (even hosted 3 of them) between 3rd of July and now. So I haven't had much time for posting in this journal. I do want to revisit my charts posted in my post #743 but at this moment I want to post a chart of Friday's 7-24-2020 price action and make some...

Here is what I am talking about. 80% of BO ATTEMPTS from top or bottom of the range will usually fail and price trades back into the range within 5 bars. So what can a trader do that understands range trading? Well you short in the top 1/3 and cover on moves down to the middle or even the...

People are hilarious!

Yeah but you still got them PB’s to the 50. Did you forget the 20?

Maybe you can't write english? LOL.

Well what was it rated? 8999 out of 9000. ROFLMAO

Now, I too, would go long at the bottom of the range ...even average down long and scalp out in the middle or top of the range. But I would not go long at the top of the range without a BO that had FT as 80% of BO attempts out of the top or bottom of a range FAIL and price goes back into the range.

FT stands for follow-thru. Since 80% of Bo attempts from ranges fail and price trades back into the range within 5 bars I prefer to see a BO attempt succeed then enter on the PB for a second or third leg up. For instance I would be shorting on any of your points above and averaging down short...

If it is a BO of a TR I wait for FT usually enter after the first PB if it doesn’t close the gap back into the range. Then I look for a measured move up or down, usually the height of the range. If a broad range than can be a multiple leg move for several points. Not sure how far beyond the...

Depends on BO. Bo of what? Range? Pb? Triangle?

Mickey ain’t gonna do that....

That is correct. If it moves 1 tick it is because an institution caused it or wanted it to happen for “whatever”reason. We retail make up 5% of market action. Computers with algos HFT’s...etc make up 70%. The other 25% are large institutions like banks..pension funds...Etc. We do not move the...

I believe, based upon observation, that the markets have a principle of organization. I believe the markets form patterns because of a reason and that these patterns are graphical manifestations of the inherent pressures in the market, created by market participants. I believe whatever happens...

I don’t believe the market is random and it has nothing to do with religion or destiny.

I have a friend who thinks the earth is flat. Hilarious.

No people in Florida won’t because they are stubborn and want to do whatever they want to do regardless of how it affects others. Numbers dropping....the natural life of the virus. It will pass. So surge it is really the people. Mandating won’t work cause they can’t and won’t enforce it. The...