PTG wrote:Allow me to also dump my freshly acquired 0.02$ into this madhouse of joy
This is what I see and by no means the only thing that can be seen, just what I see, and this may or may not give you some ideas which in both cases is quite alright
MO and others always hammer on putting things in a bigger perspective. Allow me to be the hammer this time around
Just so you know what you might have been concentrating on and perhaps were not aware of.
If you don't know where to start, start here! Don't be afraid to ask questions.
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PTG, your my fav guy/gal today, good explanation, thank you
What line? The line that tells you which way you are trading! - MO
dieselboy101 wrote:So my game plan for tonight is to watch the market if its goin up, plot zlines and wait for momo to the downside praying that i can get into a begining of a move..same thing if its goin to the downside.
Up or down, that's the question
EJ follow-up, compare to previous chart and look what happened:
In less than 100 minutes the current H4 will be closed. I don't know what price is going to do. However, look at the pattern below. Stuff like this happens all the time, and you can use the fact that it is likely that price will return to a support/resistance level (retrace) when it has gone through. That should keep you occupied
Then, in less than 100 minutes, you might want to inspect H4 to see if there's any action. No idea really, wait and see. Price will go up, or it will go down. It's like a teeter-totter with people hopping on and off on either side all the time !
This is my new signature: "new signature".
Brookmyre + dieselboy101, here's a prayer for you:
The Chartist's Prayer:
May my assessment of today's price action be based upon the facts, all of the facts and nothing but the facts.
May I not be influenced by fear, greed or the ill advised comments of others, which may be made in their interests and not in my own.
May I take into account the past history laid before me on this chart and make my assessment based on my knowledge and logic, and not on my emotions
Source: Anna Coulling