Replies to post #21743 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

markets uses many tools for clues
tons of clues today so ignoring the clues is a learning process
as MASTER trader larry willams says when to know you are wrong is the most important lesson in trading

1-happy family low . failure to make new lows, all 3 indices had big H bottom
2-poor low at 1530 yesterday
3=1 time framing since 1530 yesterday, this means sellers were eliminated
in the after noon liquidation break. Liquidation breaks take out sellers
and strength a market. confirmation is 1 time framing.
4-15 min bounce offf 20da ma and then trampoline bounce off the vwap
6- intraday all tics closed above 0 and adv dec outstanding

ignoring many TA clues is arrogance
es 15 must hold the 10 or 20da ma to stay long