Technical Strategy

Once or twice a day you will have an "outside" bar. This unusual bar extends beyond the ends of the prior bar. It also casts a shadow into the future. It is possible that several of the following bars will be found in the shadow that has been cast. This represents a lateral microchannel where price consolidates. While you are not making money during this period of hold, you are witnessing the extermination of the market impact of the bars and formations that occurred prior to the outside bar. At this time you mentally close the door on all of the incidents that have happened prior to the outside bar.
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You've alluded to the significance of outside bars a few times now. Has the increased frequency (e.g. four times in the first 28 bars of day 1) affected their role or significance?... if the question is premature, I can ask again at a more opportune time.
 
Day 1

Make sure you have the task at hand (going from entry to point 3 and doing a look back to enter point 2)

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Quote from MandelbrotSet:
Good enough TUMS, I'll cease and desist, as I certainly have nothing to complain about. :)
We'll see how well you apply the exact same strictures to Jack Hershey and whatever other new alias pops-up on the scene.
Oh, and btw, I'm as far from Rcanfiel as the Earth is from the Moon.
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I have been fair ever since I took up the moderator role.
I have deleted OT posts from Jack, Neoxx, Swordsman, among others.
I have left disagreements intact, when they are on topic and without obscenities.
I have also set up threads on SPM, so that T28 can have a platform.
If you see an offending post, please use the complain button.

Thank You
 
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