Oh yeah.... trade the wave form. Don't be blind to the wave form. But that also means to grant the legitimacy of events that actually do happen, and the necessity of trading as though they actually happened.
It is neither blind upside commitment nor it's opposite.
I try to deliberate and use volume and Fibs and hanging men and hammers and pennants and all the tools, but in the end, it all devolves to learning to trade the wave form. Simnple as that.
Bottom line for me.... the big buy at the prior close, confluence at the 618 Fib retrace line, the two huge upside volume events....
....its not rational to miss opportunity that is pregnant and thats all there is to it.
Later, the opportuninty will manifest to take profits. It is every bit as pressing to see that when it happens as it is to actually dane to see the present situation as it really just happened.
Anyway, I'm done with this issue for the day.
I missed the trade in VELA due to pissing and moaning about the obvious here. CBAI is or it isn't as I observe. Do whatever floats yer boat. As for me, I'm done with the read of the action in this moments here. I gotta go make a buck or two.
Peace.
Imperial Whazoo
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