Going with the Intraday Mini-Flow!!

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Always a good day when one catches 2 big moves in a day.

Saint
 
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I could sense the reversal and got out of my short position fast but did not go long as the breakout of 2847 ( WRB High) came after 3:00

Missed a huge move :(:confused::eek:
 

segul

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Hi Saint,

Was it the hi of 2pm bar on 30 min chart at 2847+7= 2854,the reversal point reason being 30 min,60 min reversing together and rounding bottom on 15 min?
Had a bit doubt there so entered in small qty and exited at 2910.

regards.
 
Joined
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Hi Saint,

Was it the hi of 2pm bar on 30 min chart at 2847+7= 2854,the reversal point reason being 30 min,60 min reversing together and rounding bottom on 15 min?
Had a bit doubt there so entered in small qty and exited at 2910.

regards.
Well done,Segul......actually there was a minor pivot forming on the 15 at around the 2814 area.Most of us took off our profits at the 2780-2800 area.Reversal there would have involved a bit of anticipation and prediction without something from the higher timeframes.

Now look at the 60min chart........we have ourselves a WRB Breakdown bar,followed by no follow through and a bullish bar that negated 50% of that breakdown bar.Yes....a failed breakdown pattern......Basically went long over that bar.....2836+7=2843.

Saint
 
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