Hooti's Journey

Ok Hooti,

"What We Have Here, Is A Failure To Communicate".

I will make my rebuttal brief. Hooti, I don't believe I paraphrased anything that did not come from your own keyboard. And my own sense of personal integrity would not allow me to even entertain such a thing. I'm sorry you feel as you do, and I fail to understand why or how you would reference, or come to such an invalid conclusion.

However, I do recognize an exercize in futility when I see one. Therefore, I will remove myself from any further input to your thread.

In any case Hooti, you still have my best wishes for a speedy recovery!
 
One trade today
8:11-8:19 Short 1301
tgt 1298

-1.75 pts... could have gotten out immediately when the 'retracement' to the moving average failed.

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hooti,think of the market as several pieces needed for each move up or down,when they are in place,it's a big move,when not its chop ,u need to watch supp,res in a few and see where they are ,the pieces move together once lined up,they often turn together also ,95 % of the time those signals will be right..maybe 5% of the time you will be surprised ,there are 250 trading days in a year,that's 1 day a month
 
Quote from ammo:

hooti,think of the market as several pieces needed for each move up or down,when they are in place,it's a big move,when not its chop ,u need to watch supp,res in a few and see where they are ,the pieces move together once lined up,they often turn together also ,95 % of the time those signals will be right..maybe 5% of the time you will be surprised ,there are 250 trading days in a year,that's 1 day a month
More...

Ahhh, there might have been a support line drawn that that big 8:00 bar bounced off of?

Imagine you are talking about a lot more than just that. Let me think about those 'pieces moving together' for awhile.
 
those sideways looking studies are new to me... 'TPO' it looks like they are called?
It time to retire for the night here. I'll look at them in the AM. Thanks.
 
on think or swim, on your es chart,click studies,click profile,they will come up,look for the widest and narrrowist points and the ledges,wide is a nip,narrow is cleavage and a large support or res is a ledge,mrkt tends to move to these points,add them in with the trendlines for supp and res added a crude drawing to the chart below
 

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