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That is correct, it did basically OTF all day. But I still split out that thin area. It coincides with two areas I would look for lower support on other charts. Just referred to it that way more as I was splitting the day between E and F.
@Silver Dragon, back to the "is it working" question, today it has helped me create a strategy on the day. Price came into major resistance and for some reason I guessed "neutral" or "normal" even, although I am still waiting for a break.
I have the 6 range open today also, with the ETH Vwap. Look at that whipsaw mess. That is what I used to try to trade of of, every day. Some days it worked great, others I got chopped to pieces.
Today I knew better and my trades have been fades. Won't always work, I know, but it at least gave me a firm direction on the day. And that is why I am dealing with losing more often right now. To come out the other side wiser and with better consistency. Stay posted...
I had a feeling something was off when volume started to build, but still got stopped out. But what a crazy volume profile, where value kept developing then moving higher, then developing...
My journal link takes me to a page where I list things that I need to include, so that I see it first whenever I open it. One is things about myself.
I still believe, had it not been for the news about Syria, that today was to be rotational, but that is theory. What I do know, is that when it took off and could not even get to the 1.5+SD, I sat here like a deer in the headlights. My book education says "buy", but I couldn't do it without a pullback, and waited, and waited, and waited...
I have seen a couple geopolitical perceived risk rallies. There was Libya, that I remember becuase I thought to myself as I saw the news on the TV at the gym, that I should run home and buy crude. I can't recall what was the trigger before that, but something was in my memory that caused me to feel that way. And so, I would think that on the third time I would just go in head first.
But, I didn't.
I just watched it take out high after high after high.
The good news, unlike times past... I DID NOT TRY TO SHORT IT. HOORAY FOR ME!!!!
( And I will take that as a win too. )
But still, I am very disappointed with myself for being frozen and not even trying to ride that move. It does not happen that often is my guess why. But I "knew" better. And could not pull the trigger. And having pulled the trigger at far worse moments it amazes me how hard that was.
" 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"
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