General observations of watching the markets during the day:
01: I have been aware of levels, especially on the tick-charts.
These are fascinating to watch, and see how they hold, and how they break.
The flurry of movement, and the strength with which price moves up or down, with a related sluggish move when going the other way, eg, strong surge up, gentle fallback down, then another impulse surge, etc.
02: I am aware of levels, but still cannot fathom whether I should expect them to hold, or break.
(case in point, my first trade today, (this evening) was a level break, but couldn't tell if it was meant to continue or rally.
03: I have noticed that my signals can be contradictory! I noticed when in an upmove, I get lots of arrows showing OB, and when in a downmove, there are lots of OS signals.
Obviously, I only consider OS signals in an uptrend, and OB signals in a downtrend, but it occurred to me that they might be the forewarnings of a trend change!
Continuous OB means the market is rising, so of course I am going to get multiple OB signals.
And vice versa.
But, it occurs to me that an OB signal may be early signs that a downtrend is running out, and an uptrend is on the cards.
EDIT: if my study shows this as viable, I can use market structure to trigger trades, rather than MAs, since OB/OS is more related to ups and downs, and more reactive to the true market structure, rather than an MA.
Of course. Stochastics, since they signal OB/OS within a predefined certain range, can be seen as dynamic range-breaks.
I have been mulling over (for a few weeks now) that a new trend change is when the second OB signal is higher than the earlier one may be a true signal for a Long, or the second lower OS signal is the trend change and signal for a Short.
Maybe I should Buy the second OB signal! and Short the second OS signal!
But this then reminds me of Swing Trading that I read about so long ago!
04: I have been aware of Round Numbers today. And how price seems to be drawn them, and prices bounce off, or tarry around.
05: I have been aware of how waiting too long at any price to move, my mind starts to question itself about a potential trade. If price is at X, and I think of going Short, of price stays too ong at price X, I statt questioning my decision.
EAs don't have this problem!
