+1000 TICK pullback... Interesting observation; thanks for
sharing. How far back have you studied? Asking because,
if I understand correctly, I see on Jul 1st and 9th that it
exceeded 1000 and both were trend days. I haven't looked
farther back but will over the weekend.
I have observed this for years. (First read about it in Buzzy
Schwartz book) It is merely a temporary overbought condition that
then reverses. If you are trading futures it is often a great
reversion to mean trade. Works in both directions.
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I have found that +1000
Posted by brophy on 16th of Jul 2021 at 10:32 am
I have found that +1000 tick in the morning means a pullback.
ala reversion to mean...
Posted by brophy on 16th of Jul 2021 at 11:36 am
ala reversion to mean...
+1000 TICK pullback... Interesting observation;
Posted by rjdst on 16th of Jul 2021 at 11:43 am
+1000 TICK pullback... Interesting observation; thanks for sharing. How far back have you studied? Asking because, if I understand correctly, I see on Jul 1st and 9th that it exceeded 1000 and both were trend days. I haven't looked farther back but will over the weekend.
I have observed this for
Posted by brophy on 16th of Jul 2021 at 11:56 am
I have observed this for years. (First read about it in Buzzy Schwartz book) It is merely a temporary overbought condition that then reverses. If you are trading futures it is often a great reversion to mean trade. Works in both directions.