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But, 88.50 whatever, has enough reason to justify it that there would be a momentum swell out of the gate, if it was right. Probably. Never definitely. Never.
Can you help answer these questions from other members on NexusFi?
Crude is difficult to tie down into a .30 swath, Sometimes it can be, but it is so swift. Within .50 +/- is more useful,
You know the most interesting thing about defining high timeframe levels, is how rarely we take the full benefit. I would bet on the odds that the majority do.
My sim trade just generated an unexpected golf clap. Changed every sound in SC. Stops just go, "blip". Targets receive applause. No sound for cancelled, or pending. "Filled" is some great bland male voice with a computer-generated speech impediment.
But the golf clap just came out of nowhere. Forgot about the trade by now. Not in my memory of the space, but the trade. Sim has less meaning to me today, and yet I understand it's purpose. So I am keeping sim trading with live, and what I do in it is trade things where I see I am not paying attention as much. Like taking more swings. Should not even look at the $ win. The sound would be enough to resolve what is needed. Behavior changes with Confirmation.
So, yes, I still trade the majority of my "best" trades in simulation. Maybe tonight I have defined the enemey as perception of time.
And I swear that I personally clck the mouse for whatever happens on my worst. Also somehow related to time. Impatience. Or hesitance.
Crude has broken a major low tonight (red dotted in in first green zone). It is now entering the range to complete TWO acb corrections, one higher than the other, but both within a range of roughly 88.40 - 88.90.
Crude could break and retrace back up through, and then go after taking your stop. It could miss the high of "support / responsive buyers" by 5-10-25 ticks. It could pull back up $2, and then come back and test. And take you stop then...
But in the broad sense of "where", price is knocking at the door if not already inside.