- Joined
- 30 June 2007
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The cat bounced alright. Obviously it's not dead.
Learned a lot from the last week. It was a real grind. Learned that a bullish market will have bars of strong buying supported by bars where there's medium buying. Being more inclined to go long, I would have been better sitting out most of the last few days. There were profitable trades available, but they took a lot more work to find than usual. I also had good confirmation of the thickness/thinness of the FVG lines as an indicator of an impulse move.
The whole chart is now rebalanced after days of being pushed down. I don't know, but I suspect that this may mean nothing much happens for a few days.
When I say bullish/bearish, I'm referring to the 1 min TF, which is where I spend most of my time. I do that because I get a much better feel for what's happening than on higher TFs.
Learned a lot from the last week. It was a real grind. Learned that a bullish market will have bars of strong buying supported by bars where there's medium buying. Being more inclined to go long, I would have been better sitting out most of the last few days. There were profitable trades available, but they took a lot more work to find than usual. I also had good confirmation of the thickness/thinness of the FVG lines as an indicator of an impulse move.
The whole chart is now rebalanced after days of being pushed down. I don't know, but I suspect that this may mean nothing much happens for a few days.
When I say bullish/bearish, I'm referring to the 1 min TF, which is where I spend most of my time. I do that because I get a much better feel for what's happening than on higher TFs.
