TheRumpledOne wrote:Blue is NY, Yellow Asian, Maroon London. Look and SEE. Now you tell me if it matters.
Frankly, I'm beginning to see that I'm having difficulty seeing much at all. I'm seeing that I tend to gravitate towards a rule which means I don't have to understand, just follow the rule. But after "seeing" that simply taking a rat reversal anywhere on the chart doesn't seem to get me the cheese I need I'm left wondering if there isn't more nuance to being a rat. I'm suspicious that there is something else to look for in order to "know" that a good setup is at hand.
The GPS seems to be a good indicator of that as it highlights rat zones. But the idea of the broker's time not mattering is throwing me as daily highs/lows are suddenly perspective dependent. Time frame not mattering isn't as hard to swallow, I get that price is the same on all TF's.
What I see from your graphic is that price makes highs/lows and reverses in all market times. Am I missing something else? I might as well draw a line anywhere on the chart.