Question for Grob/Hershey...

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Quote from ktmexc20: I personally don't use bars, per se, and I barely even consider "price" as commonly perceived.
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Thanks for the thought-stimulating comments.
 
I took a trade on a flag on ym. I´ve seen these kind of strong moves, a flag and a new strong move a lot on dax, but that´s maybe not a good reason to trade it on ym :confused:

This one turned out fine, but was it a good trade? I can´t really decide if I had good reasons to take it or not, comments on the morning action welcome...
 

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I might clearify -
I think the market is much more difficult to read when it takes off and doesn´t look back like it did this morning. Dax do it all the time, but es-ym doesn´t do it often. I don´t know, there´s nothing there to relate to on mornings like this, sort of. Do I make sense?
 
Sometimes you can think too much. Was a fine trade imo. It was more of a breakout than a pullback but I like those if they happen in the first few bars. All market stats were positive.
 
When you look at the market statistics to get a general feeling for direction, do you look at asia and europe, or just american markets? Are there any stocks or sectors that has a tendency to be leading indicators? Or do you just look at the indexes?
 
Sure. I check all the markets before the open. If theyre all green like this morning it makes it a bit easier to take an early long setup. I dont pay much attention to individual stocks or sectors but I probably should.:( The longer I trade it seems the less I look at. The 5 minute chart is about as much as I can handle.
 
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