I made 1 trade yesterday...bought /ES London pre market at 1390.75 and sold this morning when I woke up at 1399.75
This was my first trade since I closed my Gold position on 08/02. I'm just waiting and watching the development up here.
No rush or hurry to get into something. The -12.50 was an accident.
you're getting "Buddhist" on us eh?...or confucious...on just plain stoned....or maybe I am...or maybe the whole universe is just an atom in some idiots finger nail....and he's scratchin his butt right now...
where's your protege?.....
By the way, that fade we talked about ended up working well. I was saying how the 1412 may have been a bit soon, and the "stop run" would be that 1414 POC you referred to. We did creep a bit past 1412 after the close and got pretty close to that 1414 POC, but I was patient and gave the 1412-14 range more time to top before fading down. Believe the high was 1413.5, so 1.5 points of pain before rolling. Seemed that POC was enough overhang of supply to fade us back down to the next lot of parked buyers.
Right on that 1406-7 target now.
Candlesticks are great, but for me, price is price and this expanded version of MBs helps me see accumulation so much easier.
I feel it takes out a lot of the noise and helps me make better swing trading decisions.
I also like how it shows the end of each day so I'm almost looking at a daily chart within a 4hr chart.
The close of each day is the white triangle. The only hang up is you can't look back very far because they are larger and take
up more space.
It's pretty much a bar that has the highs and lows for each period.
Then it shows the open close for each day. So I can see daily open/closes
with 4hr highs and lows. Easier for me to see accumulation periods before a markup/markdown.
I'm not into reading bar by bar like in the past. I like to take a period of bars into account instead
of just one.