Joalsa
Is your theory very very short term, i noticed you have been having great success with it of late
Now i have no idea of your little system but i was willing to add a little as i noticed last night's call sort of went against your theory.
I tend to look at the 5 day trading period and then hone in for those great entries you have been having. Lets see how i go explaining it.5 Minute chart
Tuesday 1pm and 3pm 1370 Low
Wednesday 11am 1388 high
So last night as Thursday Low 1371 ( triple bottomed not penetrated) came around was time for entries
1373 - Position 1 - Entry frist higher swing bottom
1382 -Position 2 - Break of down trend line( wed 11am high- thurs4pm high)
1389 - Position 3 - Break of Wed 11am high
1398 -Target 2 x times the range tues and wed
Amazing but all the intraday points last week were lining up with equal time just as it was 90 days from Jan low.
Anyway my little theory worked as well. And the funny thing was all the intraday longs came from wanting to hone on the time by degrees date on tuesday
Crazy but i guess if your looking for an opportunity others in shorter term frame sometimes cant be resisted
I hope this helps or fine tunes some of your exisiting theories
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