THIS CHART IS TELLING YOU SOMETHING.. WHAT?
RANGE
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- TheRumpledOne
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RANGE
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Oh, lol. I thought this was one of your tests...Any idea where the _tro_range indicator is located...I've searched the motherlodes and I'm not sure which one it is in... I will stare at the chart for a couple more hours and see if I can find anything.
Can you post another screen shot?
Can you post another screen shot?
-Jeremy
MCSE MCSA CCNA
MCSE MCSA CCNA
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this chart is telling you something.. what?
I do not know for sure but here is my guess.
New buyers came to the market at three approx. levels: 110.925. 110.850, 110.750 (bottom). Now, breaking of the 110.925 level North was the significant one, as the sellers panicked and covered shorts posted at around this level, which caused short squeeze. Since there were many interested buyers and panicked sellers, price rose fast with extended bar ranges.
In view of the above, the TRO_PLOT may possibly be used for detections of such squeezes. But this would have to be tested.
New buyers came to the market at three approx. levels: 110.925. 110.850, 110.750 (bottom). Now, breaking of the 110.925 level North was the significant one, as the sellers panicked and covered shorts posted at around this level, which caused short squeeze. Since there were many interested buyers and panicked sellers, price rose fast with extended bar ranges.
In view of the above, the TRO_PLOT may possibly be used for detections of such squeezes. But this would have to be tested.
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