ah, I read a couple of times your post, would say more clear now on what you tried to express. I put my understanding below in blue color for your comment. please correct me if I am wrong. thanks
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You're looking to take advantage of one of two things...
One.... is momentum from that bar the moment it does it's thing. (wether you catch a retracement entry or whatever). The best set up bars are large and close right at the extreme , or not far from it. The buying/selling pressure is strong at THAT time. This time you missed it. Don't get beat up over it. You need to evaluate your strategy over many trades, not just one. [ retrace not necessarily take place each time, it depands on momentum, if missed one, then move on to the next. regarding the setup quality, you prefer to seeing a larger size, as well the close ideally beyond current level ]
Two.... is another independent setup off of the same level later on. Another pin or BEOB or whatever next week or something off of that 127.70 or so level again. This is where sellers came in, twice. [ chance still exists if price pullback into his short limit order level, exercise some patience to wait for unless price break another level, then a different story. ]
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Quote Begin
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You're looking to take advantage of one of two things...
One.... is momentum from that bar the moment it does it's thing. (wether you catch a retracement entry or whatever). The best set up bars are large and close right at the extreme , or not far from it. The buying/selling pressure is strong at THAT time. This time you missed it. Don't get beat up over it. You need to evaluate your strategy over many trades, not just one. [ retrace not necessarily take place each time, it depands on momentum, if missed one, then move on to the next. regarding the setup quality, you prefer to seeing a larger size, as well the close ideally beyond current level ]
Two.... is another independent setup off of the same level later on. Another pin or BEOB or whatever next week or something off of that 127.70 or so level again. This is where sellers came in, twice. [ chance still exists if price pullback into his short limit order level, exercise some patience to wait for unless price break another level, then a different story. ]
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DislikedSure, no worries.
Which points exactly?
Later too, though. I gotta get out and get me some sun. lolIgnored