Thoughts on this pattern?

[Wysiwyg]

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Lately on NT I've been trying to take advantage of this pattern. The replay button starts off at 4pm, the markets range usually at the beginning, there is a breakout, it finds a bottom then pulls all the way back into that trading range, sometimes just below it or sometimes above it.

Patterns repeat. Does the market range "usually" at the beginning or just on few times that you watched it? "It finds a bottom' is the likely scenario in all time frames for any given period. Is this bottom identifiable?

The problem is when there is a false breakout, sometimes the signal bar is very wide and the entry is too risky or in the other case its a huge momentum break out and you get chopped.

There is no problem, that is no pattern.

 

[darkhorse70]

Wysi, i guess it ranged on a few occasions at the beginning that Ive experienced. I guess the overall market trend has a big role on that. If the market is stuck in a tight range on the bigger scale then i guess the opens could be more range bound with greater false breakouts etc.

I guess experience + exposure is the best thing to give me more perspective and clarity.

Now for a morning sim run with coffee and breakfast haha.

 

[darkhorse70]

The last couple of days, my results have greatly improved. It feels like one of those light bulb moments. My win/loss ratio has vastly increased. I feel much less nervous and my game plan feels more clear.

Would any one care to critique this photo above of my sim run. I haven't focused on the trend or patterns. Just whats happening with the bids/offers.

 

[darkhorse70]

I sometimes take profits to quick though.