Day traders' bring-on-the-weekend lounge August 20 -22, page-52

Regarding AXE

You are correct- there were a few newer members who were simply quoting "AXE" without any further insight.

I personally thought AXE chart was extremely unlikely to offer a trade at those points - based on a chart review and a perusal of the book build and hence I voiced that opinion to the forum, just in case someone automatically thought it was a given winner.

After a similar check, around mid afternoon, I suggested that if it did not hold at around the $1.555 mark it was truly heading further south (again both looking at both charts and the book build).

I find charting such an enigma as we all can use different indicators and still it is possible to arrive at the same destination.

@mirren