DislikedJust a newbie theory...
Assume that buy orders and sell orders are about equal, we don't need a lot of sell order to take it back down.
We have to reach some buy orders to get back in.
Sorry for py poor englishIgnored
With the same logic, prices could have moved higher also.
My problem is understanding why there were no other trades taken at price levels that look obvious (to me).
It almost seems that there are some traders that have some super human ability to pick only/mostly winning trades and none of the losers.
I am sure that I will be attacked for the above sentence but so be it.
The methodolgy of PIE trading is fairly clear to me but the implementation is not as I see many instances where there is a valid setup that fails and other valid setups that would have been profitable but no one takes advantage of them.
And so my journey continues.
Gabe
Every rule has an exception. Except for this one.