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Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Don't say I didn't warn you, lol!!! Now that is what I call a spike!
Take a look at the footprint as it began really all the way from yesterday's close level. There was a huge seller(s) up there. You can see a huge drop in delta and then a gradual decline before the market completely fell out of balance. Also note the buyers that were buying the lows either bailed or reversed. Someone got nailed here!
I thought we needed at least to wait until the close of the "B" and start of the "C" period in order to know that we have single print in the "A" period. Just the fact that the "B" period is inside the "A" period doesn't mean that we have single prints in the "A" period.
I was suggesting that i wanted to see the see "A" TPO period hold
I was just trying predicting what was going to happen before it happened
This of one of the Key skill required i think to use "Market Generated Inofrmation"
To see some thing before it happenes and then act on your belief
Im far for as good as i need to be, but im learning fast
Look at private banker......predicting that we would see the spike down into the close
I know that a diffrent situation...but never the less. Its reading into some thing before it happens
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Trying to predict anything is a surefire way to become a mediocre trader. Ideally, you want to identify certain areas that offer a low risk but a great reward. You want to do this ahead of time to be prepared to all eventualities. I know it seems like playing with words but there is a subtil difference.