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JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

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Well Tom, the indices are selling off now but it was to be expected.

FTSE 100 is already below its 200 EMA on the hourly chart and I'm short; Nasdaq is nearly below its 200 EMA on the hourly chart so I would only sell on a rally beneath 200 EMA followed by a turn.

But in general, wait for a bottom and then buy.  😘 

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19 hours ago, AndrewS said:

When there is high velocity a 1 min chart can have more consistency than the price levels I look at in that price can go through those levels like a hot knife through butter.

I guess I'm just not clever enough to 'see' it.  In the same way that EWP people can see complex corrections and waves within waves within waves, I just see lines wiggling up and down.  These people say they have success with plain charts and no indicators and I wonder how they do it.  (Actually, my brain is telling me that they are complete chancers who are using already-completed chart patterns and hindsight to make themselves look good ... the question is, why?)

https://www.forexfactory.com/thread/369763-richard-demille-wyckoff-method

Edited by dmedin
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6 minutes ago, dmedin said:

I guess I'm just not clever enough to 'see' it.  In the same way that EWP people can see complex corrections and waves within waves within waves, I just see lines wiggling up and down.  These people say they have success with plain charts and no indicators and I wonder how they do it.  (Actually, my brain is telling me that they are complete chancers who are using already-completed chart patterns and hindsight to make themselves look good ... the question is, why?)

https://www.forexfactory.com/thread/369763-richard-demille-wyckoff-method

Perhaps the best strategy is to just bet on near term continuation especially after a landmark breech (PP, Fib, S/R).

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