who's not heeding the wisdom ? great question..it didn't reverse it poked below
which might be a red flag to some.
i mean why draw the TL if you won't heed its wisdom?
maybe, its a 'fuzzy' TL kind of like fuzzy logic whatever you want it mean?
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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You and B1 are a little upside down it seems ... it poked DOWN below and then reversed UP ... doesn't mean it will keep going UP ... But if we cannot agree on the difference between UP and DOWN and BULL and BEAR we might as well shut ET down, sit in a corner, and rock ourselves silly.
Looks green to me..
1) It was drawn before the breach
2) I do not generally draw these, but I drew it to respond to @cowf's post - it is called social interaction
3) Trendlines, MA's, Bollinger bands, stochastics, etc are not "there" in the market, so why use any of it?
4) Even price bars, candle sticks, line on close charts etc. are simply derivatives of actual trade activity that has already taken place, so why draw any of it? (Some don't and manage to trade quite successfully).
Why? Because this is about processing information to decide what is most likely to happen next. If price drops through a trend line and then recovers, that is important information. Only someone who has attached an inordinate amount of magical power to the trend line would think the information to be now of no value.
EDIT:
2) I do not generally draw these, but I drew it to respond to @cowf's post - it is called social interaction
3) Trendlines, MA's, Bollinger bands, stochastics, etc are not "there" in the market, so why use any of it?
4) Even price bars, candle sticks, line on close charts etc. are simply derivatives of actual trade activity that has already taken place, so why draw any of it? (Some don't and manage to trade quite successfully).
Why? Because this is about processing information to decide what is most likely to happen next. If price drops through a trend line and then recovers, that is important information. Only someone who has attached an inordinate amount of magical power to the trend line would think the information to be now of no value.
EDIT:
let;s think about this. look at last friday. does lighening strike twice in smae place, hell ya actually more likely
vol is zero. We're not touching 10 nor 40 today.
Last day of the quarter and The Money would prefer to take no chances on letting a very nice looking quarter get dinged after the numbers many managers had to post at the end of last quarter. If vol does expand this afternoon, I would expect price to move up rather than down ... there's enough pent uppotential to take out the @volente_00 stop which is around 40ish, I believe.
Dude, you ought to think before you post, then you wouldn't have to delete so many of your posts soon after the fact. Now that price has unarguably reversed UP almost 5 points, you delete your post denying the reversal.
You ought to start a journal
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