Bride of If You Can Draw A Straight Line

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Quote from dbphoenix:

0430 demand line has been broken decisively.

0818: and a retracement

4:30 in NM is kind of early! Or you just moved to Europe? :)
 
Quote from dbphoenix:

Hey. Early birds catch worms. But I was referring to the demand line that began at 0430.

Hehehe, I was looking for the 0430 break and couldn´t find it. Lets see if we can get some worms.
 
Anyway, regarding that, If I had been at the screen at 7:50 my focus would have been on the DL that started at 6:55.

Do you factor in those farther away lines in the line+ret analysis? Or were you looking at an interval longer than 1 min.
 
Quote from niko:

Anyway, regarding that, If I had been at the screen at 7:50 my focus would have been on the DL that started at 6:55.

Do you factor in those farther away lines in the line+ret analysis? Or were you looking at an interval longer than 1 min.

Given that the move that peaked at 0630 went nowhere, I looked at a "longer-term" demand line. But that's just a tactical preference.
 
Quote from dbphoenix:

Given that the move that peaked at 0630 went nowhere, I looked at a "longer-term" demand line. But that's just a tactical preference.

Thanks!
 
Quote from timokrates:

0914: RET Entry leaving the chop?

If you look at the chart from the 8:43 perspective, you really had a RET after a parabolic fall, there was no chop just yet, but it did look suspicious.
 
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