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Closed for the day. Should have held the long... I told @greenr this morning I was waiting to buy, then got psyched out at the possibility of having it turn on me. It happens...
question for @Private Banker.
I was just listening to a video you did.
You made mention of points of excess. You were referring to major reversals.
My question is - when you say excess... is that the same as capitulation?
Or do you mean somthing else?
Are we waiting for another capitulation to signal a possible bottom? Any body care to chime in?
this 91.00 area looks like it needs to be broken to the upside and then retested b4 we head any higher and then
we have a long hard channel to get through.
anybody offer areas of support?
My apologies:
If I put this post in the wrong thread. I really do not understand TPO/MP/VWAP/VPOC.
I compare alot of your findings to the lines I draw on my 60 and 5 and many times seem to agree.
some day when I am more consistant in my current methodology I want to learn Market Profile.
If you always do what you have always done you will always get what you have always gotten.
Celebrate because you executed your edge. Not because you won.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Excess is simply where the market exhausted itself leaving a nice tail. This can be seen on price bar charts as well as TPO profiles. They're significant reference points. Yesterday's low in Crude is a good example along with the others I have here. Today's low was a poor low signifying that there were shorts caught down there.
Right guy`s me and my main man devdas have been working on the Gom Volume Ladder
We have use the original Gomi version as I have found the modified version that was done before to be unreliable with the counts for some reason
devdas has kindly added …
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
