Listen, I doubt I can convince you of my approach. Your already mad and you don't seem to want to listen to what I am saying, to judge by the content of your posts.
But I'll try. One more time.
Look, I never tell anybody the kinds of things your post seeks and that is deliberate on my part. To try to call exact price points is a fool's errand, IMHO, so I never did it back when price was boyant, between .008 and .015, and I'm only calling a general zone now: .005 to .003, maybe .002. All I can do is use volume and price action to adjust my calls on an ongoing basis. Thats it. Thats the plan man. Right now, price is seeking a pivot point, and it may do a 100% retrace. So far, its low volume. Back when it was in the .01 zone, I called it what it was at that time: boyant. Thats what it was. Today, ts seeking a pivot point, testing support.
And look, I never told you to buy or sell. I never tell anyone what I'm actually planning ahead of time because my plan is a self adjusting plan that never knows exactly ahead of time. I use a set of principles and one thing I never do is call a solid number. I don't think anyone can do that and whenever I see you or anyone else do it, I just chalk it up to inexperiance.
Its like a fullback hitting a hole... theres a general hole you are aiming at but you read your blocks and you spin and bob and give a dead leg and stiff arm and you keep your legs churning.... who actually knows where you will find the crease. Thats why your criticism is, IMHO, idiotic. Have you never been a running back and had to find a hole in an instant? The play was diagrammed to have the hole over here but you end up over there. So, I never call the crease. Never. Can't be done. And when the blocking had the thing looking boyant, I saw it an boyant.... and I was on the balls of my cleats, ready for a dart to the right if it opened up there, or a cut to the left if it opened up there.
So, my friend, of course I have a fat zone right now. And back when it looked like the upside was the more likely to be tested than the downside, back when it was boyant in the .012 to .008 zone, I waited and looked to see if it was going to break out on volume or not. Back then, it was not possible to know if it was going to test resistance or not. Personally, I held off on buying and waited, but I also never told anyone to buy or sell. But also, I'm not a newbie and I happened to know that the likely thing was that it would test both resistance and support. I was just a fullback looking for my hole. Up until the action did its thing, all you can do is be looking for your crease and only when its opened up do you run for daylight.
Now the hole has opened up as it has. No surprises. And heres the fact you just never get: it was true back then that I was looking for both a test of support or resistance, and I would have been equally unsurprised if it had opened up and tested resistance just like I'm unsurprised it is testing support.
FACT: I was expecting it to test resistance... 100% true.
AND FACT: I was looking for it to test support... 100% true. Both are 100% true because my approach is not fixed.... it reads what is happening.
Back then, it was just too early to say where the hole would be in the line. See, thats the deal. Bob and weave. Adjust to the activity and learn to read the chart to know whats what. Don't ever call it ahead of time. You have to keep well balanced, cut on either foot... right or left.... exploit what opens up... expect either.... be ready to dart toward whatever opens up. So, I was expecting it to test support and resistence... whatever opened up... and I waited.
Looks like you should have done the same, LOL. Had you been using my system, you wouldn't have been on the wrong side of this thing. Gad, I keep trying to tell you. I'm wrapping it in a beautiful package. Sending you an engraved invitation. Maybe somebody like good old MC or boca will understand... maybe that who I'm really writing this post for... Ya think?!? LOL
And by the way, I played pro ball. Yes, football way back in public school, but college soccer & then full fledged FIFA 1st division soccer. Played till I was 35, too. I happen to know that you gotta be light on your feet, expecting either or neither, or your beaten before you even start. In all honesty, with your approach, I really think you are just a loss looking for a place to happen, friend. You need to lighten up.... learn to read a chart like I've been trying to teach you. Just my opinion, friend, but I keep sending you engraved invitations. Maybe if you weren't so antagonistic towards me it might have a chance of taking root. I mean that sincerely. And learn to read a chart.
Run to daylight and look for a hole.... any of several... whatever opens up... run to daylight. I read the volumes and expect either up or down, or both or neither. Just play the volumes and let the chart tell you where the crease is. There is a general area, but it seldom opens up like it was drawn up in practice. And sometimes you get sacked for a loss. Get back up and do it again. And stop accusing me. You made the wrong cut on your own and you got sacked. Get over it.
And, again, learn to read a chart.
Imperial Whazoo
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