Exactly! Close above, Close below is 70 percent of how I trade. So many traders want to complicate it. The biggest advice I can give people, because it is hard to explain, is put up a naked chart, and OBSERVE. Really observe and make a list of things YOU notice that happens. You will begin to reprogram your brain and start to trade off others emotions and not be part of the slaughter. It sounds cruel...lol..but nobody knows where price is going. The biggest indication of where it may go is history. Every trader thinks differently and processes what they see differently. Observe and find your way. (best advice I can give).
When you understand this, you will smile!
Im working on incorporating a version of space that fits me now which will act as a ladder to higher time frames and huge returns.
dojirock