Trading Market Cycles, Price Action, and key Levels via first-principles thinking and the trader's equation. Don't know, don't care what the markets do next. EarthJoined March 2009
Only two things to consider in trading:
1. Where are we in the current market cycle?
2. What's the price action for entry/stop/exit/target etc.
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Other "gurus" charge thousands of dollars for this without a track record like you.
Wednesday could be a sneaky FTD. It had the percentage but not the vol. But if you look at the Tuesday bar, it has the highest vol since the rally and stalling actions to the down side. Combining these two bars you get a picture of follow-thru.
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