long attempts are futile -- too strong - Trend Day so far.
/tf down 14 points -- blam.
-1200 AD -- been a while since we've seen that.
-1000 ad -- FOMC in afternoon --
chop until then?
continue to grind down -- after window dressing -- I noted Twitter was 100% bullish and now we see -- there are no buyers left up here.
/tf down 2%
it's a sudden rush to the exits but everyone is a technical trader so they don't want to step in -- so vacuum selling.
Always fade extreme sentiment.
tf formed a descending TL with 3rd touch at 7:50 -- set up was early -- for OVER 200 ticks of downside.
/gc did a 4 touch for over 330 ticks downside.
I'm thinking 5 min candles are better -- too much noise on 1 min timeframe -- no valid patterns.
saw the perfect entry - caught TNA .10 from low of day - -based on 5 min location. Did not feel good but TL are self-fulfilling -- people tend to herd... and thus -- you have to hold them when they work and wil pay for the failures.
My system will involve a LOT of waiting for proper setups. Accepting the nonaction is critical. This is not easy.
AD -1300 pain train.