BUT THEN and as if by magic!!! LOL!!!
No sooner had I take a screenshot of the above chart and the ticks exploded and below is what happened i.e. all TPs were hit in an instant (this on the China news).
How do ya like THAT for a trade!!! LOL!!!
I must say that I’m finding more and more that I’m going WITH the market as opposed to being a contrarian most all of the time (this with $TICK). Makes a refreshing change for me to begin with. And must say it does feel pretty good. A lot easier and calmer going WITH the market as opposed to fighting it.
There are exceptions to the above of course e.g. always fade R3 or S3 and always fade extreme $TICK readings. That type of thing.
Dow Futures 5m
By the way: I’m flat right now. The red line is a limit sell order just south of R3 as per the calc.