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Re: A New Trading Game (chaos game) Played for Money and Played in Risk- Free Space

Darkdoji, Thu Oct 26, 2023 8:02 am

Was right not to assume a trade up was justified as we can see follow through was not going to happen immediately and price is seen unwinding at close. Synchrony (and please note for issues related to the notion of Ambience), was indicative more of the peaking of the 2400 point move on the day rather than it was of supporting a sustained breakout of FLE. The time of day but especially because nSign held and did not open into far space, cued my decision and that helped a great deal for my control under pressure. So now will track for break higher in Gold or reversal as price while still looking bullish can completely unwind that look before the morning or recycle to breakout in Tokyo (given bullish look at close that will not take time). I do hope (but do not know) if sharing stuff like this is helpful rather than discouraging to traders who want to think everything is automatic in trading and no thought is required just "signals". Let us not forget that the price action we reviewed was in FLE so the build up to the particular ambience at close was from the price action within the FLE on the day and thus deserved the consideration I gave it at the point I saw it.

(-_-)

PS: The biggest takeaway is that nSign is a critical command. Without nSign open in direction it is highly unlikely that price will follow through in direction to make a significant pivot. Personally I rely on this fact a lot. Happy trading and no more personal trading notes if does not help.
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