all part of the speeding up curve. The 4 hr has another 2 hrs to go and a lot of energy for the downside, then a big pull back and a bigger move down.
Often before news the market goes dead and I use the 1 min and the tick charts to position and re position. Lots of 5 - 10 point moves and then bang, the ATM loads up.
That little 1 min pullback looks innocent, but when it's banging the T/L it can pay big time.
Later I'll show where the emotion on the daily chart is and give a brief lesson on how I draw T/L using the 5 points of emotion - it will help you understand how/where emotion breaks a market.
This is something a developed from techniques an old timer used in the 20's but it's been forgotten. I studied his intraday techniques and saw something he didn't. Pretty unique.
Often before news the market goes dead and I use the 1 min and the tick charts to position and re position. Lots of 5 - 10 point moves and then bang, the ATM loads up.
That little 1 min pullback looks innocent, but when it's banging the T/L it can pay big time.
Later I'll show where the emotion on the daily chart is and give a brief lesson on how I draw T/L using the 5 points of emotion - it will help you understand how/where emotion breaks a market.
This is something a developed from techniques an old timer used in the 20's but it's been forgotten. I studied his intraday techniques and saw something he didn't. Pretty unique.
