DislikedAgreed. It's going to be fun to watch tomorrow. I plan on having a 'Dr.'s Appointment' tomorrow right around 12:30 or so....Ignored
Hey, Palmer...I don't think your 1 hour bounce entry was against rules...you found a time frame where the rhythm was working and took an early entry, right? Is that against the rules? Are we strictly sticking only to 4 hour entries? Reason I ask is b/c 1 hour almost always plays a part in my entry decision (If MACD 1 hour is moving opposite of 4 hour, I'll wait for a better price or look for rhythm on the shorter tf if missing from the 4 hour -- this also answers a question a few posts back re:MACD signal in conflict to 4 hour direction). Guess the key for people is not to confuse the 1 hour chart and plan trades on the 4 hour while actually trading the 1 hour.
Also, there was a post many pages back (sorry, don't remember who from) indicating the importance of keeping the "big picture" in mind while trading. Wanted to take a min. to agree with that view point! I always note important levels from the daily chart and incorporate those levels into whatever trade plan I'm using (1 min, 5 min, 15 min, 1 hour or 4 hour trades).
Also keep an eye on weekly & monthly levels -- just like Phillip has always advocated we do!
Happy trading everyone! Looking forward to Wed. Thurs. & Friday!
Best,
Pips