How do we determine a critical reversal on a 1 hr chart? 1) A lower high and a lower low; 2) Spike in volume; 3) please continue whoever wants to
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there's a temptation to see a reversal; it's a hell of a temptation
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However, if we reenter the boiler room and stay there again, I'll be voting for another ATH :)
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So I tried to long this dip 5 times. 4 times went green and then broke even. The 5th time succeed. I'll trend against the trend if I want to. Sissies can stay home.
@IlyaFradkin, I'm 50/50 at this juncture - no bias whatsoever.
FradkinXBT
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@FoggyLights, agree, thats why its crucial lol :)
ahmedalhomaidi
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@FoggyLights, Hi i just love what u do trying to learn what is your time frame u using ? is there any other place you have more explanation reviews ?
UnknownUnicorn292837
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@ahmedalhomaidi, I use 5 min as a basis and constantly cross reference with 15 min and 1 hour (I have my ema from higher time frames plotted on the 5 min chart as well). I don't post anywhere else - just here for the friends. I rely heavily on Al Brooks and Joe Ross systems plus the fib levels with the fib times as a matrix. It helps with probabilities (small bet + high probability). I scalp with ES futures and take some SPY options swing trades when it feels like the absolutely right occasion, lol.
UnknownUnicorn292837
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@ahmedalhomaidi, Also, I see absolutely no need in indicators. No offense to anyone, but they're a distraction from the real action. 1 hour chart is the best indicator there is. My opinion only.