It'll take me a while to translate all this into NY time, and I'm kind of busy right now. If you aren't sure what to do, observe and take notes.
The Trouble With Scribbles
- Thread starter Buy1Sell2
- Start date
It'll take me a while to translate all this into NY time, and I'm kind of busy right now. If you aren't sure what to do, observe and take notes.
DB, would you now expand that range down to 94.75?
Certainly can't argue with your results, eddie. You seem to know what to look for with respect to reversals, and how to use a ret as an entry point (assuming I am reading your chart correctly: gray backgrounds suck, imo. I prefer white with black font or black with white font - and larger rather than smaller font size
) which means to me that you must have some sense of the continuous nature of price. You want to foster that, and move away from the notion that "bars" somehow represent discrete packages of isolated trading.Signing out 'til later. Have a good day everyone - scribblers and non-scribblers alike - skin this cat with whichever tool feels most comfortable in your hand!
Those who were actually watching this in real time noted that extreme struggle that went on among traders from 07 to 12 for nearly ten minutes. Traders -- remember these are traders, not price points -- tried to exit through the top of this, but stalled a couple of points from the overnight high. This is not a pattern. It is a matter of buyers not being willing to pay the ask. That leaves two choices: sideways or down.
Considering the context provided in the lower left-hand corner, what are your objectives in these trades?
to make profits
