Generally now very weary if a setup occurs away from a S/R level, however the fact is price is unlikely to reverse without at least testing the prior top or bottom in some way so taking a trade back torwards that area (if it can easily pay for a 1:1 within that space) is a fairly high probability trade (didn't Al Brooks mention this?) Question Marking my own thoughts today as quite tired and could be talking drivel.
Another Obs is this... Once price surpasses yesterday's hi or lo it generally takes off as there's little S&R in the way. So Maybe I can relax a little and trust the trend when price does this? (drivel or not?)
EU Obs...
GU Obs (similar trade to EU but S just underneath made it less attractive)
EJ obs (Once YTD's low is surpassed price is a more "orderly" in term of MA's
Another Obs is this... Once price surpasses yesterday's hi or lo it generally takes off as there's little S&R in the way. So Maybe I can relax a little and trust the trend when price does this? (drivel or not?)
EU Obs...
GU Obs (similar trade to EU but S just underneath made it less attractive)
EJ obs (Once YTD's low is surpassed price is a more "orderly" in term of MA's
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