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Well there is the drop I was thinking was coming this morning. Totally missed it. I had already gave up on the day. No trades for me. But I was productive and focused on refining the entry points.
Can you help answer these questions from other members on NexusFi?
I don't understand what you mean with 200 ticks, because in the right scale there is not 200 ticks considering there is 4 tics per point in the NQ. Can you explain please.
Looks like a quiet night so far. There was a signal to go short but it occurred before I got set up. I have a pending long above where that signal generated.
We may see the second leg of the drop today. We are re-testing overnight lows right now. Wonder if they will wait until late afternoon before making the move like they did yesterday.
One news thing to watch is Fed Chairman Powell testifying today at 10 a.m. eastern. I know this can and does have an impact on the currency markets so I am sure it will have some impact on the stock markets at least to some degree.
Watching price drop is frustrating when you don't see a good way of jumping in. It's just something you have to deal with when trading. Sometimes the train leaves before you get there.
Here is why I didn't move the green horizontal line down to that small swing high. It would have put me in a buy right at a support/resistance area that had been tested twice recently(marked by the blue line).