Real time stats (at time of posting):
Applying the Goomboo system (I forgot the offical name of the system) it would seem too early to go long because there is no crossover yet (at 3pm)....
I can see the crossover at 10am(ish), followed by a large volume of red. This red represents traders going short in response to the crossover right?
Can anyone speculate out loud here, and just describe what might be happening at the 1pm-3pm. Whis is the cause of all the Green. I speculate one thing -- that it can't be traders on the 21/10 because theres no crossover yet..
Applying the Goomboo system (I forgot the offical name of the system) it would seem too early to go long because there is no crossover yet (at 3pm)....
I can see the crossover at 10am(ish), followed by a large volume of red. This red represents traders going short in response to the crossover right?
Can anyone speculate out loud here, and just describe what might be happening at the 1pm-3pm. Whis is the cause of all the Green. I speculate one thing -- that it can't be traders on the 21/10 because theres no crossover yet..
I would be very cautious in assigning a motive to price action. Rather than saying "this happened because ___", I would just say "this happened, here is how I am going to respond to it".