Breakout Trading - Smart Play or Fool's Game?

[Redneck]

If something comes up in real-time....say off a longer term chart (15 mins++++) that could be watched developing over a period of hours to days, could you post it here?

Here Ya go Sir

FB - 240 min chart

I'll not insult your's..., or anyone's intelligence by forecasting

We'll see what happens

RN

 

[Autodidact]

A different perspective for Redneck.

 

[Redneck]

And here's the last range on the 240 built off volume

RN

 

[Redneck]

A different perspective for Redneck.

Not a different AD..., it all the same PA

Just another aspect to factor in

I don't have a bias either way

Thank You Sir

RN

 

[Autodidact]

Not a different AD..., it all the same PA


I don't have a bias either way

Thank You Sir

RN

As it should be, no line or confluence of lines is ever-infallible.

 

[Redneck]

infallible.

infallible = certainty = fools game

This is trading

RN

 

[Redneck]

Here's a follow up to the last chart I posted yesterday

Breached the diagonal (actually opened below the TL and never attempted to go back above it) and breached horizontal it was in




Trading was a lot more work today than what this particular chart reflects - I'll post why next

RN

 

[Autodidact]

infallible = certainty = fools game

This is trading

RN

You just repeated what I said.

 

[Redneck]

Below are the 5 & 1 min charts respectively

Today was one rangy ass day (most ranges I marked - and yes most of the ones I marked were after the fact)

I did this only to draw attention to the ranges..., and the subsequent BOs / FBOs

Fact is..., price made em

Our job; identify / pick up on these real time - create / implement trade plans accordingly

or not..., I guess

========================

Today wore my ass out

RN

 

[Redneck]

Same 240 FB chart - did adjust the yellow horizontal lines a bit to marry up to the range rectangle

Price - it go down...., then it come back up

Wonder if yesterday a FBO

We'll see

RN