@AdamMancini4 Do you consider FBDs of lows that are the day before (like during FOMC) when we've had lows that overlapped between then and now (lows that went way below and punctured yday's low)?
@AdamMancini4@sarahubz Was 6719 a FBD or just a support reclaim buy?
Didn't seem like there was a recent low or shelf of lows there to warrant a FBD
Thanks!!
@AdamMancini4 Noticed we put a significant low at 6762 around 11:30 AM Monday and made a FBD of that several times last night on Tuesday
Didn't see you mention it much in the NL, wondering why?
Thanks for the good read!
@AdamMancini4 At 10:47 AM today we set a 20+ low at 6739.5, made a 7 point FBD of that 11:31 AM
How do you usually rate the quality of FBDs of lows that are recent? Aka didn't have hours between the significant low and FBD?
@AdamMancini4@GSeaton@AdamMancini4
This is a while back but wanted your thoughts on a FBD candidate I identified on Oct 15: showed first type of acceptance but never went thru (6724 low). Noticed that this wasn't mentioned much in the NL. What made you skip this entry?
Thanks for the great reads!!
@GSeaton@AdamMancini4 I think this was actually first type of acceptance back-testing from the bottom? Looking at the 1 min chart as if we saw in real-time:
@AdamMancini4 Is it essentially because the price ripped thru the low and even the low + 5 points?
Basically there was no sell demonstrated, which usually doesn't occur? But better safe than sorry
Thanks!
@AdamMancini4 Hey @AdamMancini4, what did you mean by "no acceptance here" in "No acceptance here, so one wouldβve had to use the non-acceptance protocol and got in 5 points above the low." in the NL?
Great read!
@AdamMancini4 A 6724 low was made around 9:49 AM. And we flushed it to 6702 11:52 AM. And then reclaimed/accepted the 6719-23 zone.
You tweeted to take note of this zone, was it a failed breakdown?
Thanks!!
@AdamMancini4 Would you consider 8:10 PM 6683 and 11:15 PM 6692 good lows to look since they ran up 20+ points? Seems like smaller than average moves in this environment but wanted to get your thoughts!