Disliked{quote} Dear Pumi, Im following this thread but still have some doubts, your entry would be on point 1 or 2? i understand it that OB area is marked on yellow so i would enter on point 1. Im just asking to have it clear and would like to take this oppotunity to say thank you gys for your effort and keep going! Thanks! {image}Ignored
My main area of entry was point 1 (OB #1). See how many minutes it took to get there and I was interrupted for about an hour. I didn't use a Limit Order as I saw that the up and down moves after Monday's NY session were 50 - 50 (not a high probability) and my analysis changed after that session (as you can see the direction so far).
Possibly I wouldn't have entered at point 2. Instead I would have waited for the price to go down to the level of point 1 OB (OB #2 at Month Open) . If it doesn't (as it is the case here) then I would miss the trade or wait for another opportunity at OB #3. But since I don't like to chase price and also it is closer to the Week and Day Open (my target) I wouldn't have bothered with OB #3.
The bearish spike before the divergence left some holes that led me to be interested to that up move.
The yellow background from the original image is an old OB from far left.
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