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I think for me it's trying to identify the day or the morning where it's best to enter on the breakout or enter on the pullback after a breakout. Some days, the prices zig zag so much, keeps whipping me out. This is important to identify this type of days. Hard to do. |
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Torero,
The only thing I have been able to identify with certainty is the general level of volume so far for that day. If it's low, breakouts are gonna get whipsawed. I still haven't been about to quantify this to any levels though.