Shit, I took an overnight long on the idea that Asia might help after this downdraft, forgetting that China is now on 2-day holiday. *le sigh*
This sell off was all predicated on the 15 min chart H&S sell off formation from yesterday...
how many of you recognized that ?
The 15 min is extremely valuable and should be observed through out the day....
5 Min shaping up for a sell signal as well... potential 3 O Clock Drop .....
Looking for a Buy signal here ... just not getting one... Missed the morning session unfortunately as there was a beauty at around 10:50....
So why did you buy yesterday at 24 and not sell?
I've done this myself, I see something than I do something completely opposite of what i first saw. I have this habit of going micro after i spending time doing macro and end up missing the move?
Kudos for being honest, but its hard to remember everything, its not like we're machines, i fck up all the time.
I trade on 5M chart but keep an eye on 60m and daily as well to have an idea about the bigger picture. This is how my 60m looks:
I see that. Double bottom around 3:30 am and then a 45 pt move up. Nice !That was a fun session between 2 AM and 4 AM ET![]()