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Excellent! Congratulations!

That's right. Retail traders sitting at their kitchen tables aren't going to move oil. Or gold. Just watch price and follow the big money in its wake.

Rather than let this lesson go to waste, I'll point out here that this current activity provides an example of when and where and why to segue from AMT trading to SLA trading (see post #101). The trades all day have centered around trading this range, long at the LL and short at the UL, all of...

If by "supply" you mean the supply of oil, yes, for the most part. As for the talk, ignore it. What matters is price since it is the doers not the talkers who move it, i.e., who put their money where their mouths are. Reason has nothing to do with it. When oil reaches a price where big money...

Ockham's razor :)

File this lesson away. :)

If you can trade a 5pt range profitably, you're to be congratulated.

As Buy1Sell2 has been so kind as to grace us with his presence lately, extensively, I decided to return the courtesy and spent the day on the ES Journal thread with 40D where we went through the process of trading a range from before the open up to the time of this posting. Those who are not yet...

Do you not know how to trade a range? If not, I suggest you review all of today's posts.

Word of advice: stack the odds in your favor by trading the extremes. Since the NQ is already past the PDH, there are no extremes. Rather you're trading a hoped-for failure. This takes practice.

Success is where you find it. You needn't be terribly concerned about what other people do. Remember, the success rate is pretty much crap. Following others, therefore, is not necessarily the best course. Follow the market itself.

Did all that before the open.

Now at the UL of the "macro" range, which is topped by yesterday's high (64). Edit, 1317: I realize everyone is gone, but I want to call attention to tactics regarding the trade of the breakout v what might have been another reversal. If one were to exit at the UL of the range, he'd be faced...

So, before this breakout, 51 NQ points total today. However, if the reversals were entered 2pts inside the UL and LL of the range, this total would be 45pts.

And here we are back at 60. And it has nothing to do with bar intervals. The range is what it is. Ockham's razor.

Except of course for solar.

What does any of this have to do with the OP?

And here we are back at 43. Does AMT make a little more sense now? And all of this was plotted three hours before the open. Ockham's razor.

Keep in mind that a particular candle exists only in a particular bar interval. Change the interval and the candle disappears. What is more important is the price behavior that is creating the candle in the first place.

What they probably saw was what Wyckoff called a "hinge", and what pattern people call a "coil". The apex of this was about 13. Price rejected 13.12 at the open, so . . . (The NQ, by the way, is doing the same thing)