Rochester, MI USA
Experience: Intermediate
Platform: Sierra Chart, T4
Trading: Eurodollar, ZN, ES, ZB
Posts: 179 since May 2013
Thanks Given: 283
Thanks Received: 188
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Good afternoon,
I have been on the forum for a few days now and really appreciate all the posts I have been reading. There is a lot offered here. Spending the money to become an elite member was a great decision, feels like a steal with everything that is provided.
I focus on trading CL during the morning session, still on the sim. I use a 30min chart for market state and then a 5min chart focusing on the ACD method and price action. I have been looking into tick charts and here is my question, what can we learn from the range (high-low) of each bar? I feel like during a pullback I notice the bars start to contract in size and then expanding back in the direction of the trend. I believe it is due to 'someone' stepping in and absorbing the bid/ask (depending on which way the market is moving). I know I should not be trying to pick bottoms or tops, but am I on the right track with my thinking or am I missing something here?
Thanks a lot, I appreciate the help
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