Yes going lower

6 Sep

it's about 12 midnight.... I misstated it in the video.. I think the Market's going lower even though it's at a support level because the market had already had a high and it's a number of weeks later and the market could not retest the high and now the market looks like it's going to break lower and the reward is about 100 points maybe more. I don't quite have a classic 2 bar reversal and... so I am jumping the gun a lit.bability that the market will trade lower. if it works it's not really an eloquent trade and if it goes higher and stops me out that's not eloquent either but you generally won't go broke with small stops as long as you can make decent Returns on the trades that you do take. I talked about time as a consideration for taking a trade... I started out my training like that many years ago.... but I found that it was a futile and frustrating way to look at the market and I have almost completely stopped trying to factor in time. if you draw oblique lines on a chart that's associated with time,,,, if you draw a horizontal support resistance line that has nothing. to do with time...which is a good thing for me. an oscillator by definition deals with time.... and my interpretation of an oscillator is unreliable because of that so I never used them. but it's okay to look at a chart that fails to make new highs over a substantial. Of time and that's what I tried doing here.